Escrow & Title
What is a 'satisfaction of mortgage' (mortgage release) in North Dakota?
AThe lender's approval of the borrower's credit
BA recorded document confirming that the mortgage has been paid in full and the lien is released✓ Correct
CThe borrower's satisfaction survey about their lender
DThe final mortgage payment receipt
Explanation
A satisfaction of mortgage (mortgage release or discharge) is a recorded document that the lender issues confirming the loan has been fully paid and the mortgage lien on the property is extinguished.
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