Escrow & Title
In Hawaii, what is a 'satisfaction of mortgage' or 'full reconveyance'?
AA. The borrower's statement that they are satisfied with the mortgage terms
BB. The legal document issued by the lender confirming the mortgage has been fully paid and releasing the lien on the property✓ Correct
CC. A modification of the mortgage to new terms
DD. The buyer's acknowledgment of the purchase price
Explanation
A satisfaction of mortgage (or deed of reconveyance for trust deeds) is the document that confirms full repayment and releases the mortgage lien from the property, restoring clear title.
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