Definitions for "DISCHARGE OF MORTGAGE"
a release by the mortgagee of all his/her rights under the mortgage. Removing the notation on the abstract of title in the land registry thus acknowledging that the mortgage has been paid.
A document signed by the lender and given to the borrower when a mortgage loan has been repaid in full.
A document executed by a mortgagee and given to the mortgagor when a mortgage loan has been repaid in full. Also referred to as a Cessation of Charge.