Satisfaction of judgment; recording; recorder's fee
Sec. 6. Upon:
(1) the foreclosure of a recorded mortgage in a court of any
county having jurisdiction in Indiana; and
(2) the payment and satisfaction of the judgment as may be
rendered in the foreclosure proceeding;
the prevailing party shall immediately after satisfaction of the
judgment record the satisfaction of the mortgage on the records of
the recorder's office of the county where the property is located. The
record in foreclosure and satisfaction must show that the whole debt,
secured by the mortgage, has been paid. The recorder must be paid
a fee of not more than the amount specified in IC 36-2-7-10(b)(1) and
IC 36-2-7-10(b)(2) in each case of foreclosure requiring satisfaction.
As added by P.L.2-2002, SEC.15.
Last modified: May 24, 2006