Ohio Code 5301.291 – Mortgage release, cancellation, or satisfaction not defective
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No real estate mortgage release, cancellation, or satisfaction of record in the office of the county recorder of the county within this state in which such real estate is situated shall be deemed defective because:
Terms Used In Ohio Code 5301.291
- Executor: A male person named in a will to carry out the decedent
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- state: means the state of Ohio. See Ohio Code 1.59
- Trustee: A person or institution holding and administering property in trust.
(A) The executor, administrator, guardian, assignee, or trustee signed it individually instead of in his representative or official capacity.
(B) The release, cancellation, or satisfaction is by separate instrument, and the certificate of acknowledgment is not on the same sheet of paper as the release, cancellation, or satisfaction.
(C) A satisfaction was not recorded within ninety days as required by division (B) of section 5301.36 of the Revised Code.