Escrow & Title
What is a 'satisfaction of mortgage' (release of mortgage) and when is it issued in Hawaii?
AA. A document confirming the mortgage application was approved
BB. A document executed by the lender confirming the mortgage has been fully repaid, which is then recorded to remove the mortgage lien from the title✓ Correct
CC. A statement from the escrow company that all closing funds have been received
DD. A release of the borrower's personal liability on the mortgage note
Explanation
A satisfaction (or release) of mortgage is the document a lender executes after the mortgage is fully paid. Recording it at the Bureau of Conveyances (or Land Court) removes the mortgage lien from the property's title record.
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