Release, discharge, and satisfaction

Sec. 1. Unless otherwise provided in this article, if the debt or obligation, including interest on the debt or obligation, that a lien on personal property secures has been fully paid, lawfully tendered, and discharged, the owner, holder, or custodian of the mortgage shall: (1) release; (2) discharge; and (3) satisfy of record; the mortgage as provided in IC 32-28-1. [2002 Recodification Citation: New.] As added by P.L.2-2002, SEC.18. Amended by P.L.1-2003, SEC.87.