Escrow & Title
A satisfaction of mortgage (reconveyance in a deed of trust) is recorded when:
AThe property is sold
BThe loan is fully paid off, releasing the lien from the title✓ Correct
CThe borrower refinances the property
DThe lender approves the borrower's first payment
Explanation
When a mortgage or deed of trust is paid in full, the lender must provide a satisfaction of mortgage (or full reconveyance for deeds of trust). This document, when recorded, removes the lien from the property's title.
Related Utah Escrow & Title Questions
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