Upon confirmation of the circuit court of the report of the master or the other officer making a sale of lands pursuant to decree of foreclosure, the officer of the court making the sale shall cause to be recorded in the office where the foreclosed mortgage is recorded a release, cancellation, and satisfaction of the lien in the form prescribed in Section 29-3-790. However, nothing in this section may be construed to satisfy any unpaid portion of the debt secured by the mortgage.
HISTORY: 1962 Code Section 45-97; 1952 Code Section 45-97; 1942 Code Section 3620; 1932 Code Section 3620; Civ. C. '22 Section 2164; Civ. C. '12 Section 1340; Civ. C. '02 Section 942; 1900 (23) 347; 1926 (34) 1013; 1929 (36) 17; 1990 Act No. 460, Section 1.
Structure South Carolina Code of Laws
Title 29 - Mortgages and Other Liens
Chapter 3 - Mortgages And Deeds Of Trust Generally
Section 29-3-10. Rights and title of mortgagor and mortgagee.
Section 29-3-20. Prior mortgages may be redeemed by second mortgagees.
Section 29-3-30. Mortgagee may pay taxes.
Section 29-3-40. Priority of certain advancements by mortgage.
Section 29-3-70. Limitation on requirement of casualty insurance by mortgagee.
Section 29-3-100. Validity of certain assignments of rents, issues, or profits.
Section 29-3-310. Request for entry of satisfaction.
Section 29-3-320. Liability for failure to enter satisfaction.
Section 29-3-330. Methods of satisfaction or release of security interest; affidavit.
Section 29-3-340. Certificate of satisfaction.
Section 29-3-345. Document of rescission.
Section 29-3-350. Entry of cancellation on indexes.
Section 29-3-360. Application for rule to show cause why satisfaction must not be entered.
Section 29-3-370. Proceedings where rule to show cause issues.
Section 29-3-380. Submission to jury to decide whether mortgage paid.
Section 29-3-390. Alternative procedure for rule to show cause against satisfaction.
Section 29-3-400. Entry in index to lis pendens.
Section 29-3-410. Issuance of rule to show cause; service of rule.
Section 29-3-420. Service by publication on certain parties.
Section 29-3-430. Order to cancel mortgage or release lien upon failure to show sufficient cause.
Section 29-3-440. Persons on whom satisfaction by order of court is binding.
Section 29-3-450. Cumulative nature of foregoing sections.
Section 29-3-460. Abatement of notice of lis pendens.
Section 29-3-470. Release of portion of mortgaged premises.
Section 29-3-610. Personal representative of deceased mortgagor as party.
Section 29-3-620. Mortgagor as party.
Section 29-3-625. Expedited mortgage foreclosures for abandoned property.
Section 29-3-630. Debt secured must be established before sale by mortgagee.
Section 29-3-650. Court may render judgment and order sale at same time.
Section 29-3-660. Deficiency judgment.
Section 29-3-670. Deficiency shall not be extinguished on purchase by mortgagee.
Section 29-3-680. Application for order of appraisal.
Section 29-3-690. Extension of time for filing for appraisal.
Section 29-3-700. Order for appraisal.
Section 29-3-710. Appointment of appraisers.
Section 29-3-720. Appraisal of the mortgaged property.
Section 29-3-730. Effect of failure of appraisers to agree.
Section 29-3-740. Return of appraisers; effect of return on deficiency judgment.
Section 29-3-750. Appeal from return of appraisers.
Section 29-3-760. Compensation and costs of appraisers and clerk.
Section 29-3-770. Application of appraisal provisions to present and future mortgages.
Section 29-3-780. Entry of release of mortgage on land sold in foreclosure sale.
Section 29-3-790. Form of release of lien.
Section 29-3-800. Foreclosure of liens; boundary clarification.