Discharge of record by owner and holder of mortgage note who is not the mortgagee of record.

  1. Law
  2. Oregon Revised Statutes
  3. Business Organizations, Commercial Code
  4. Mortgages; Trust Deeds
  5. Discharge of record by owner and holder of mortgage note who is not the mortgagee of record.

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(2) Upon receiving the certificate, the recording officer shall record the document and index the document as a satisfaction of mortgage. The record shall have the same effect as a deed of release of the mortgagee duly acknowledged and recorded. [Amended by 1965 c.252 §3; 2001 c.577 §1]


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