Satisfaction of mortgage

{
  "id": "MLC-T-LAW-004390",
  "term": "Satisfaction of mortgage",
  "field": "Law",
  "definition": "A legal document issued by a lender acknowledging that a mortgage loan has been fully repaid by the borrower. This instrument is recorded in the public land records, officially releasing the lien on the property and transferring clear title back to the homeowner. The lender is legally obligated to provide this document within a specified timeframe after the final payment, which varies by state law.",
  "url": "https://mlchart.com/terminology/law/satisfaction-of-mortgage/"
}