Finance
A 'satisfaction of mortgage' in Florida is also called a:
ADeed of reconveyance
BMortgage release, discharge, or satisfaction of mortgage — documents the loan payoff and removes the lien✓ Correct
CTitle policy endorsement
DLoan subordination agreement
Explanation
When a mortgage is paid off in Florida, the lender must provide and the borrower should record a satisfaction of mortgage (also called a mortgage release or discharge) to remove the lien from the public record and clear the title.
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