Escrow & Title
In Colorado, a 'satisfaction of mortgage' (or deed of reconveyance in a deed of trust) should be recorded when:
AThe loan is first originated
BThe mortgage is fully paid off to remove the lien from title✓ Correct
CThe property is refinanced
DThe annual interest is paid
Explanation
When a mortgage or deed of trust is fully paid off, the lender issues a Satisfaction of Mortgage (or the public trustee issues a Release of Deed of Trust). Recording this document removes the lien from the public record, resulting in clear title.
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