Indiana Statutes
§ 32-29-1-7 — Certificate of payments and satisfaction
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.]
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Legislative History
As added by P.L.2-2002, SEC.14.
Nearby Sections
15
§ 32-16-1-1
"Prior property law"§ 32-16-1-2
Purpose of recodification§ 32-16-1-3
Statutory construction of recodification§ 32-16-1-4
Effect of recodification§ 32-16-1-5
Recodification of prior property law§ 32-16-1-6
References to repealed statutes§ 32-16-1-7
References to citations§ 32-16-1-8
References to prior rules§ 32-16-1-9
References to prior property law§ 32-17-1-1
"Grantor"§ 32-17-1-2
Fee simple conveyance§ 32-17-1-3
Estates tail; abolition§ 32-17-1-4
Lineal and collateral warranties; abolition§ 32-17-10-1
Application of chapter