Escrow & Title
A Wyoming 'release of lien' is filed when:
AA new lien is placed on the property
BA debt secured by a lien on the property is paid off, removing the lien from the public record✓ Correct
CThe county assessor revalues the property
DThe property is transferred to a new owner
Explanation
When a debt secured by a lien (mortgage, deed of trust, mechanic's lien) is paid in full, a release (or satisfaction, or deed of reconveyance) should be recorded to clear the lien from the public record. Without recording the release, the lien continues to appear as an encumbrance on title.
Related Wyoming Escrow & Title Questions
- A Wyoming title company issues an owner's policy and a lender's policy. The owner's policy protects:
- Which of the following best describes 'constructive notice' in Wyoming real estate?
- In Wyoming, a title commitment (preliminary title report) issued before closing serves to:
- A Wyoming property owner who grants a deed of trust retains which title?
- In Wyoming, a 'certificate of title' differs from title insurance because:
- An owner's title insurance policy in Wyoming protects:
- A general warranty deed in Wyoming provides the grantee with:
- Actual notice of a property encumbrance in Wyoming means:
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →