Relates to the discharge of a mortgage

This bill requires mortgage lenders to accept and apply payments made as specified in a payoff statement, even if the payment is less than the full amount owed. It directly affects homeowners making mortgage payments and lenders processing those payments. The key provision mandates that lenders cannot return or destroy payments made per their stated instructions (like payment location or method), but partial payments won't trigger a mortgage discharge certificate or satisfaction document. Only full payments covering all principal, interest, and fees will legally clear the mortgage.