Escrow & Title
In Maine, when a borrower pays off their mortgage, the lender is required to record a discharge of mortgage within:
A7 days
B30 days✓ Correct
C60 days
D90 days
Explanation
Under Maine law, after a mortgage is paid off, the lender must record a discharge (release) of mortgage within a reasonable time, generally within 30 days, to clear the title.
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