Finance
Under West Virginia law, what happens to the deed of trust lien when the underlying debt is fully paid?
AThe lien automatically expires after 10 years from payoff
BThe lender must record a Deed of Release to clear the lien from the public record✓ Correct
CThe lien remains on the property until the next sale
DThe borrower files a lien release themselves with the WVREC
Explanation
After full payoff of the debt secured by a deed of trust, the lender (beneficiary) is required under WV law to provide the trustee authority to record a Deed of Release, releasing the lien from the property's title. Failure to release may result in penalties for the lender.
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