Escrow & Title
In Maryland, a 'satisfaction of mortgage' is recorded when:
AThe lender approves a loan modification
BThe mortgage has been fully paid off and the lender releases the lien✓ Correct
CThe borrower refinances into a new loan
DThe property changes ownership
Explanation
A satisfaction of mortgage (also called a deed of release) is recorded in Maryland's land records when a mortgage has been fully paid, officially releasing the lien from the property.
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