57-1-39. Definitions.
As used in Sectionsand:
(1) "Beneficiary" means the record owner of the beneficiary's interest under a trust deed, including successors in interest.
(2) "Deliver" or "delivered" means by: overnight delivery by a reputable carrier; United States certified mail or express mail; hand delivery with receipt acknowledged in writing; or facsimile or electronic mail belonging to the beneficiary, mortgagee, or servicer.
(3) "Mortgage" is as described in Section. 57-1-14
(4) "Mortgagee" means the record owner of the mortgagee's interest under a mortgage, including a successor in interest.
(5) "Satisfactory evidence of the full payment of the obligation secured by a trust deed or mortgage" means written information adequate, in the opinion of a title insurer or title agent, to establish that the obligation secured by the trust deed or mortgage has been paid in full.
(6) "Servicer" means a person or entity that collects loan payments on behalf of a beneficiary or mortgagee.
(7) "Title agent" means a title insurance producer licensed as an organization under. Title 31A, Chapter 23a, Part 2, Producers and Consultants
(8) "Title insurer" means a title insurer authorized to conduct business in the state under. Title 31A, Chapter 23a, Part 2, Producers and Consultants
(9) "Trust deed" is as defined in Subsection. 57-1-19(3)