Payment in full; release and discharge of mortgage
Sec. 6. After a mortgagee of property whose mortgage has been
recorded has received full payment from the mortgagor of the sum
specified in the mortgage, the mortgagee shall, at the request of the
mortgagor, enter in the record of the mortgage that the mortgage has
been satisfied. An entry in the record showing that a mortgage has
been satisfied operates as a complete release and discharge of the
mortgage.
As added by P.L.2-2002, SEC.14.
Last modified: May 24, 2006