66-25-105 - Partial or full payment Extent of satisfaction and discharge.
66-25-105. Partial or full payment Extent of satisfaction and discharge.
A partial or full payment to the mortgage lender of record on a debt secured by a mortgage or deed of trust shall be a satisfaction and discharge against the mortgagee, or the assignee or transferee of a debt secured by such instrument, as to the amount of such payment.
[Acts 1999, ch. 95, § 1.]