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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.]  

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