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South Carolina adopts mortgage satisfaction legislation
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Legislative Developments
Tuesday, June 10, 2014
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The South Carolina General Assembly adopted a bill that provides that mortgagees of record, the owner or holder of the debt instrument secured by the mortgage, the trustee or beneficiary of a deed of trust, or the legal representative or attorney-in-fact of any of those parties may execute a mortgage satisfaction or deed of trust release.
The bill, HB 3134, was introduced by Reps. Wendy Nanney, R-Greenville, and Bill Taylor, R-Aiken.
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