The mortgagee has the duty to take steps to ensure the recorder's office cancels the mortgage lien upon full payment of the mortgage.

Name: The mortgagee has the duty to take steps to ensure the recorder's office cancels the mortgage lien upon full payment of the mortgage.
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Question

The mortgagee has the duty to take steps to ensure the recorder's office cancels the mortgage lien  upon full payment of the mortgage.

Quizplus · Accepted Answer

The mortgagee, or lender, is responsible for ensuring that the mortgage lien is released or canceled in the public records once the borrower has fully paid off the mortgage.

The Mortgagee Has the Duty to Take Steps to Ensure