655.1 - WRITTEN INSTRUMENT ACKNOWLEDGING SATISFACTION.
655.1 WRITTEN INSTRUMENT ACKNOWLEDGING SATISFACTION. When the amount due on a mortgage is paid off, the mortgagee, the mortgagee's personal representative or assignee, or those legally acting for the mortgagee, and in case of payment of a school fund mortgage the county auditor, must acknowledge satisfaction thereof by execution of an instrument in writing, referring to the mortgage, and duly acknowledged and recorded.
Section History: Early Form [C51, § 2093; R60, § 3670; C73, § 3327; C97, § 4295; C24, 27, 31, 35, 39, § 12384; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 655.1] Referred to in § 331.502 Duty of recorder, § 558.45