Escrow & Title
In NC, a 'notice of satisfaction' (or 'cancellation of deed of trust') is recorded when:
AA new deed of trust is created
BThe mortgage loan is paid off in full, releasing the lien from the property✓ Correct
CA property is sold
DA title insurance policy is issued
Explanation
When a mortgage or deed of trust is paid off, a satisfaction or cancellation document is recorded in the Register of Deeds, publicly releasing the lien from the property.
Related North Carolina Escrow & Title Questions
- In NC, 'constructive fraud' in a real estate transaction may occur when:
- A 'buyer's premium' paid at a NC real estate auction represents:
- The chain of title in North Carolina refers to:
- A North Carolina attorney issues a title opinion (certificate of title) to:
- In North Carolina, trust account funds (earnest money) must be deposited within:
- In NC, a mechanic's lien must be filed within how many days of the contractor's last furnishing of labor or materials?
- ALTA (American Land Title Association) title insurance policies are:
- In NC, recording a deed in the Register of Deeds provides:
Practice More North Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →