Escrow & Title
When a Missouri mortgage is fully paid off, the lender must provide the borrower with a:
ATitle insurance policy
BDeed of release (satisfaction of mortgage/deed of trust)✓ Correct
CNew deed
DMREC certificate
Explanation
Upon payoff, the lender (beneficiary) must provide a deed of release or satisfaction, which when recorded, removes the deed of trust lien from the property's title.
Related Missouri Escrow & Title Questions
- In Missouri, property taxes are assessed as of January 1 of each year. At a closing occurring in August, what is typically true regarding proration?
- In Missouri, an abstract of title is a(n):
- In Missouri, a 'judgment lien' becomes effective against all of the debtor's real property in a county when it is:
- In Missouri, a 'special warranty deed' (sometimes called a limited warranty deed) warrants title only against:
- Under Missouri's recording acts, an unrecorded deed is valid between the parties but:
- A Missouri title search typically examines public records going back:
- Priority of liens in Missouri is generally determined by:
- In Missouri, a deed that conveys property 'to A for life, then to B' creates what interest for B?
Practice More Missouri Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Missouri Quiz →