Escrow & Title
In Florida, a 'satisfaction of mortgage' must be recorded within how many days of the mortgage being paid off?
A30 days
B45 days
C60 days✓ Correct
D90 days
Explanation
Florida law requires a lender to record a satisfaction of mortgage within 60 days of receiving full payoff of the mortgage. Failure to record timely can result in liability to the lender for damages suffered by the borrower.
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