Escrow & Title
Under Massachusetts law, a 'discharge of mortgage' must be recorded at the Registry of Deeds to:
ANotify the lender that the loan is paid
BRemove the mortgage lien from the public record and clear the title✓ Correct
CTransfer the mortgage to a new lender
DEnable the borrower to refinance immediately
Explanation
When a Massachusetts mortgage is paid off, the lender must record a discharge (satisfaction) of mortgage at the Registry of Deeds. This removes the mortgage lien from the public record and clears the title.
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