5 Del. Admin. Code § 2201-4.0

Current through Register Vol. 28, No. 5, November 1, 2024

Section 2201-4.0 - Satisfaction of Mortgages and Other Security Interests

4.1 Upon full performance of a debt obligation or duty secured by a mortgage or a conveyance in the nature of a mortgage on real estate, a licensee holding such a mortgage or conveyance shall cause a proper record of its satisfaction or performance to be made within 60 days as required by 25 Del.C. Ch. 21.

4.2 A licensee shall take all necessary action to discharge, satisfy or release any other security interest for a loan under 5 Del.C. Ch. 22 within 30 days from the date that the loan is satisfied or fully performed.

5 Del. Admin. Code § 2201-4.0

17 DE Reg. 994 (4/1/2014) (Final)