Escrow & Title
In Maine, a release of mortgage signed by the lender but not yet recorded in the Registry of Deeds provides:
AFull legal protection to the property owner
BOnly actual notice — not constructive notice until recorded✓ Correct
CNo legal effect whatsoever
DProtection equivalent to recording
Explanation
Until a release of mortgage is recorded in the Registry of Deeds, it provides only actual notice to those who are aware of it. Recording provides constructive notice to all future purchasers.
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