Escrow & Title
A 'satisfaction of mortgage' (mortgage release) in North Dakota should be recorded to:
ACreate a new mortgage
BRemove the mortgage lien from the title, providing clear evidence that the debt has been paid✓ Correct
CTransfer the mortgage to another property
DAllow the lender to foreclose
Explanation
When a mortgage is paid off, the lender must provide a satisfaction of mortgage (release) that the borrower should promptly record in the county recorder's office. Recording the release removes the mortgage lien from the public record and clears the title.
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