Escrow & Title
Vermont's discharge of mortgage (release) must be recorded in the land records to:
ACalculate the next property tax assessment
BProvide public notice that the mortgage has been paid and the lien released✓ Correct
CTransfer the property to the buyer
DUpdate the zoning map
Explanation
Once a mortgage is paid off, the lender must execute and record a discharge (release) of mortgage in the town land records, publicly clearing the lien from title so it does not cloud future transfers.
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