Sec. 1. (a) If a grantee has satisfied a lien on real property, the grantor shall, upon the request of the grantee, record on the lien record that the lien has been satisfied.

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Terms Used In Indiana Code 32-28-5-1

  • Grantor: The person who establishes a trust and places property into it.
  • Lien: A claim against real or personal property in satisfaction of a debt.
     (b) Recording on the record of a lien under subsection (a) that the lien has been satisfied operates as a complete discharge of the lien.

[Pre-2002 Recodification Citation: 32-8-5-1.]

As added by P.L.2-2002, SEC.13.

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