FinancingMortgage_instrumentsMEDIUM
After closing, Nina Park reviews the documents typically placed in the public land records to give notice of interests affecting her property. Which of the following documents is NOT usually recorded in the public land records?
Correct Answer
B) The promissory note stating the repayment promise
The promissory note is usually not recorded in the public land records. It is the evidence of the debt and is typically held by the lender, servicer, or note holder rather than filed like the deed, security instrument, or later lien release.
Answer Options
A
The deed conveying ownership to the buyerB
The promissory note stating the repayment promiseC
The satisfaction or reconveyance after the loan is paidD
The mortgage or deed of trust securing the loanWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Related Topics & Key Terms
Key Terms:
recordingpublic_recordspromissory_notesecurity_instrument
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