Escrow & Title
A 'satisfaction of mortgage' in Pennsylvania is recorded when:
AThe borrower makes their first mortgage payment
BThe mortgage loan is paid in full and the lender releases the lien✓ Correct
CThe property is refinanced
DThe mortgage is assumed by a new buyer
Explanation
A satisfaction (or release) of mortgage is recorded when the loan is paid in full. Pennsylvania law requires lenders to record a satisfaction within a specified period after payoff. Recording the satisfaction clears the mortgage lien from the public record, giving the owner clean title.
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