Finance
In Kentucky, a borrower who pays off their mortgage in full is entitled to a release of mortgage (discharge) recorded within:
A30 days of payoff
B60 days of payoff✓ Correct
C90 days of payoff
DOne year of payoff
Explanation
Under KRS 382.365, a lender must provide a release of mortgage within 60 days of full payoff. Failure to timely release the mortgage can subject the lender to penalties. The release should be recorded at the county clerk's office to clear the public record.
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