Escrow & Title
A 'satisfaction of mortgage' in Minnesota is recorded after:
AThe first mortgage payment is made
BThe mortgage loan is paid in full and the lender releases their lien✓ Correct
CThe property is listed for sale
DThe borrower refinances the loan
Explanation
When a mortgage is paid in full (at payoff or refinance), the lender must provide a satisfaction of mortgage (discharge) document, which is recorded with the county to release the mortgage lien from the public record. This clears the title of the paid-off mortgage.
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