Arizona Laws 33-728. Recording upon record that mortgage is foreclosed and judgment satisfied; effect
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When a mortgage has been foreclosed by action in court, and the judgment has been paid and satisfaction thereof entered upon the docket, the county recorder, upon presentation to him of the certificate of the clerk of the court certifying such facts including the docket and page or recording number of the recorded mortgage or deed of trust, shall record the certificate. Such recording shall have the same effect as the record of discharge by the mortgagee.
Terms Used In Arizona Laws 33-728
- Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Docket: A log containing brief entries of court proceedings.
- including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
- 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.