Satisfaction piece
Learn about the definition for this legal term.
What is Satisfaction piece?
A form suitable for filing that a lender provides to the borrower indicating that the debt has been paid in full. The form is recorded in the courthouse and indexed to the recorded mortgage or other loan document, with a stamp that indicates that the debt was paid.
Further Reading
For more detailed information, see our related Security Transactions And Mortgages terms:
Pass the Bar, Guaranteed
BarPrepHero Premium offers the most complete collection of real bar exam questions licensed directly from NCBE (the organization that writes the exam).