Nebraska Statutes 76-252. Release of mortgage; mortgagee’s obligation and liability
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Section 76-2803 shall govern the mortgagee‘s obligation to record or cause to be recorded a release of mortgage and the liability of the mortgagee for failure to timely record or cause to be recorded a release of mortgage.
Terms Used In Nebraska Statutes 76-252
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.