How many days does the mortgagee have to record the satisfaction of a mortgage?

The correct answer is based on Ohio Revised Code provisions, which stipulate that a mortgagee must record the satisfaction of a mortgage within 90 days after the mortgage has been paid off or otherwise fulfilled. This requirement ensures that public records accurately reflect the status of property encumbrances, allowing both the borrower and potential buyers or lenders to know that the mortgage has been satisfied. Timely recording of the satisfaction helps to maintain the integrity of real estate transactions by preventing any confusion or delays associated with outdated mortgage records.

Understanding this timeline is critical for lease and title analysts, as it affects property transfers, title searches, and the overall efficiency of real estate processes in Ohio.