CHAPTER 19. DUTY TO SATISFY RECORD

IC 32-33-19

    

Chapter 19. Duty to Satisfy Record

IC 32-33-19-1

Release, discharge, and satisfaction

    

Sec. 1. Unless otherwise provided in this article, if the debt or
obligation, including interest on the debt or obligation, that a lien on
personal property secures has been fully paid, lawfully tendered, and
discharged, the owner, holder, or custodian of the mortgage shall:

        (1) release;

        (2) discharge; and

        (3) satisfy of record;

the mortgage as provided in IC 32-28-1.

As added by P.L.2-2002, SEC.18. Amended by P.L.1-2003, SEC.87.