After a mortgagee of property whose mortgage has been recorded has received full payment from the mortgagor of the sum specified in the mortgage, the mortgagee shall, at the request of the mortgagor, enter in the record of the mortgage that the mortgage has been satisfied. An entry in the record showing that a mortgage has been satisfied operates as a complete release and discharge of the mortgage.[Pre-2002 Recodification Citation: 32-8-11-5.]As added by P.L.2-2002, SEC.14.
Indiana Legal Code