PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM GLOSSARY
A security deed, also called a deed to secure debt, is Georgia's customary instrument for securing a real estate loan.
Finance and Closing
Georgia finance and closing
Define, distinguish, apply, retrieve
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PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDEBuild the complete exam definition
Learn the rule, separate it from the nearest distractor, then apply it to a Georgia fact pattern.
What does Security deed mean?
A security deed, also called a deed to secure debt, is Georgia's customary instrument for securing a real estate loan. The borrower conveys legal title to the lender as security while retaining possession and equitable ownership.
How do you separate the nearest exam answer?
A promissory note is the promise to repay. The security deed ties that debt to the real property and gives the lender the stated remedies after default.
What changes or stays the same in Georgia?
O.C.G.A. § 44-14-60 treats a deed to secure debt as a title conveyance until the debt is paid. It is not merely a lien-theory mortgage.
Nia signs one document promising to repay $280,000 and another conveying title as security for that debt. The second document is the security deed.
Do not select mortgage or deed of trust merely because a national question bank used that vocabulary. Georgia stems usually expect security deed.
PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDERetrieve the rule under exam conditions
Answer before reading the explanation. Then explain why every distractor belongs to a different term.
At a Georgia closing, the buyer signs two loan documents. One promises to repay $280,000. The other conveys legal title to the lender as security for that debt. Which statement labels them correctly?
- A
The note is the promise, and a mortgage gives the lender a lien only
- B
The security deed is the promise, and the note conveys the title
- C
The note is the promise, and the security deed conveys the title
- D
Both documents together form a deed of trust naming a trustee
The promissory note is the promise to repay, and the security deed (deed to secure debt) conveys title to the lender as security. Georgia uses the security deed rather than a lien-theory mortgage. National question banks often say mortgage, which is why that option looks familiar.
Mark each box only when you can perform the skill without looking.
I can define the term in one precise sentence.
I can separate it from the closest look-alike.
I can explain the Georgia rule or confirm that the national rule applies.
I can answer the practice check and explain every option.
PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDEConnect the term to the wider exam
Use these relationships to move from isolated recall to a connected exam model.
Finance and Closing complete lesson
https://www.passgeorgiarealestate.com/blog/georgia-security-deed-vs-mortgage
Official exam administration and content-outline source.
https://test-takers.psiexams.com/api/content/bulletin/4672Current Georgia security-deed, cancellation, lien, and power-of-sale authority through the state-authorized code portal.
https://www.lexisnexis.com/hottopics/gacode/Default.asp