Finance
In Kentucky, a satisfaction of mortgage is recorded when:
AThe borrower makes the first payment
BThe mortgage loan is paid off in full✓ Correct
CThe property is refinanced
DThe lender approves the loan
Explanation
When a Kentucky mortgage is paid in full, the lender is required to record a satisfaction of mortgage (also called a mortgage release) in the county clerk's office, releasing the lien on the property.
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