§ 4528. Certificate of Discharge Required
TITLE 2: NATURAL RESOURCES DIVISION 4: LAND RESOURCES § 4528. Certificate of Discharge Required. When any mortgage has been satisfied, the mortgagee must execute, acknowledge and deliver to the mortgagor a certificate of the discharge thereof, so as to entitle the certificate to be recorded. Any mortgagee who, after demand by the mortgagor, for a period of 30 days fails or refuses to deliver a certificate of discharge shall be liable for all damages which the mortgagor may sustain by reason of the refusal and shall also forfeit to the mortgagor the sum of $300. Upon satisfaction of the mortgage, the mortgagee shall also deliver to the mortgagor, the mortgage and the note so paid or satisfied with, if requested, satisfaction of the mortgage and note acknowledged on the margin thereof. Source: DL 4-143, § 17.
Source: CNMI Law Revision Commission