Escrow & Title
In Ohio, a 'satisfaction piece' (discharge of mortgage) must be filed by the lender within how many days of loan payoff?
A30 days
B45 days
C60 days
D90 days✓ Correct
Explanation
Under Ohio law, a lender must file a satisfaction of mortgage with the county recorder within 90 days of full payoff of the loan. Failure to do so may subject the lender to damages.
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