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A quality-control reviewer is updating California procedures for MLO sponsorship update and flags ca foreclosure property servicing and debt collection. Which answer is accurate?

Correct Answer

D) The release of the deed of trust lien after the loan is paid off

A reconveyance is the document that releases the deed of trust lien from the property after the borrower has fully paid off the mortgage loan.

Answer Options
A
The transfer of property from seller to buyer
B
The recording of a new mortgage
C
A court order to return property to the original owner
D
The release of the deed of trust lien after the loan is paid off

Why This Is the Correct Answer

A reconveyance is the document that releases the deed of trust lien from the property after the borrower has fully paid off the mortgage loan.

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