Loan mechanics
Deed of reconveyance
The instrument returning title from the trustee to the borrower on payoff
The deed of trust equivalent of a mortgage satisfaction. The trustee executes it once the beneficiary confirms the debt is paid, and recording it clears the security interest from the record.
How the exam asks about it
A recording question as much as a financing one — a payoff that is never recorded leaves a cloud on title.
Related terms
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