Finance
A Kentucky homeowner's mortgage is paid off and the lender issues a satisfaction of mortgage. The homeowner should:
AKeep the document in their personal files only
BRecord the satisfaction at the county clerk's office to clear the lien✓ Correct
CFile the document with KREC
DSubmit the document to the Kentucky Department of Revenue
Explanation
A satisfaction of mortgage (release of mortgage) must be recorded at the county clerk's office to officially release the mortgage lien from the public record. Without recording, the lien remains on the title and could affect future sale or refinancing.
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