71-1-212. Penalties for failure to give certificate of discharge or release after full performance.
101 words·~1 min read·
/mt/title-71/chapter-1/part-2/71-1-212·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
71-1-212 . Penalties for failure to give certificate of discharge or release after full performance. After the full performance of the conditions of a mortgage and whether before or after a breach of the mortgage, a mortgagee or the personal representative or assignee of the mortgagee who refuses or neglects to execute, acknowledge, and deliver to the mortgagor a certificate of discharge or release of the mortgage within 90 days after a request for one is liable to the mortgagor or the mortgagor's heirs or assigns in the sum of $500 and all actual damages resulting from the neglect or refusal.