n. a document signed by a lender acknowledging that a mortgage has been fully paid. It must be recorded with the County Recorder (or Recorder of Deeds) to clear the title to the real property owned by the person who paid off the debt.
Found on
http://dictionary.law.com/Default.xhtml?selected=1883
(n) Satisfaction of mortgage is the document acknowledging the settlement of dues in a mortgage loan thereby clearing the title of the property which was mortgaged to him. This document is required to be recorded with the county recorder or recorder of deeds to clear the title of the property.
Found on
http://www.encyclo.co.uk/local/21213
1) Payment in full on a mortgage. 2) The document a mortgage holder signs to indicate that a mortgage has been fully paid and the mortgage lien has been released.
Found on
http://www.nolo.com/dictionary/satisfaction-of-mortgage-term.html
No exact match found.
