Relates to discharge of a mortgage

This bill requires lenders to accept and promptly apply mortgage payments received at specified locations and in designated methods, even when relying on a payoff statement. It mandates that lenders provide a satisfaction of mortgage within 30-90 days after full payment (with escalating penalties for delays) and deliver the original note and mortgage documents to borrowers. These provisions directly affect borrowers who pay off mortgages and lenders who manage mortgage records. The key change streamlines the process for finalizing mortgage discharge, replacing vague requirements with specific timelines and documentation rules.