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| All discharges of recorded mortgages, attachments or liens of any | nature shall | | for termination statements filed pursuant to Title 11, section 9- | | 404, acknowledged in same manner as other instruments presented for | record and no such discharges shall | | the margin of the instrument to be discharged. |
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| | | This bill requires a mortgagee, or the mortgagee's successor | | in interest, to record the discharge of a mortgage within 30 days | | after receipt of full payment of the mortgage. A mortgagee who | | fails to do so is subject to a penalty based on the original | | amount of the mortgage plus an attorney's fee. |
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