A Satisfaction of Mortgage is a document signed by a mortgagee acknowledging that a mortgage has
been fully paid by the mortgagor and that the mortgage is no longer a lien on the property. In order
to clear the title to the real property owned by the mortgagor, the Satisfaction of Mortgage
document must be recorded with the County Recorder or Recorder of Deeds. If the mortgagee fails
to record a satisfaction within the set time limits, the mortgagee may be responsible for damages set
out by statute.
