Sec. 7. If a mortgage has been paid and satisfied by the mortgagor, the mortgagor may take a certificate of satisfaction, duly acknowledged by the mortgagee or the mortgagee's lawful agent, as required for the acknowledgment of conveyances to entitle them to be recorded. The certificate and acknowledgment shall be recorded by the recorder in whose office the mortgage is recorded, with a reference to the location of the record of the mortgage. The recorded certificate discharges and releases the mortgagor from the mortgage (or portion of the mortgage as indicated in a partial satisfaction), and bars all suits and actions on the mortgage.
[Pre-2002 Recodification Citation: 32-8-11-6.]
As added by P.L.2-2002, SEC.14.
Structure Indiana Code
Chapter 1. Mortgage of Real Estate
32-29-1-0.2. Application of Prior Law
32-29-1-1. Possession Premises
32-29-1-2. Construction of Mortgage
32-29-1-4. Purchase Money Mortgage
32-29-1-6. Payment in Full; Release and Discharge of Mortgage
32-29-1-7. Certificate of Payments and Satisfaction
32-29-1-8. Assignment of Mortgage