Satisfaction of Mortgage

Definition: A satisfaction of mortgage is a document acknowledging discharge of the mortgage obligation and releasing its lien.

Example

After payoff, a satisfaction is recorded so the public record reflects that the mortgage has been discharged.

Keep the distinction clear

Payoff and the recorded evidence of discharge are separate steps. A satisfaction releases security; it is not a deed conveying the property.

Related terms

Defeasance Clause · Lien · Title Search

Keep studying

Mortgages: Borrower, Lender, Ownership, and Key Clauses

References: Florida Statutes 701.04: mortgage satisfaction

Pronunciation (US): sat-is-FAK-shuhn uhv MOR-gij (capitals show stress)

Pronunciation reference: Merriam-Webster