PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM GLOSSARY
Satisfaction or cancellation of security deed
Satisfaction or cancellation of a Georgia security deed is the formal record that the secured debt has been paid and the security deed has been cancelled, which operates to reconvey title as provided by Georgia law.
Finance and Closing
Georgia security deeds
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 Satisfaction or cancellation of security deed mean?
Satisfaction or cancellation of a Georgia security deed is the formal record that the secured debt has been paid and the security deed has been cancelled, which operates to reconvey title as provided by Georgia law.
How do you separate the nearest exam answer?
Paying the note satisfies the debt. Recording the cancellation clears the public title record of the security instrument.
What changes or stays the same in Georgia?
O.C.G.A. § 44-14-67 treats surrender and cancellation after payment as a reconveyance of title to the grantor.
A borrower pays the final loan balance, and the lender submits the proper cancellation so the county record no longer shows the security deed as an outstanding encumbrance.
A zero loan balance and a clean public record are related but not identical facts. The recorded cancellation matters for title evidence.
Memory cue: A zero loan balance and a clean public record are related but not identical facts.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.
Which statement correctly explains Satisfaction or cancellation of security deed?
- A
A security deed, also called a deed to secure debt, is Georgia's customary instrument for securing a real estate loan.
- B
Title theory describes a financing system in which the security instrument places legal title with the lender until the secured debt is satisfied, while the borrower keeps equitable ownership and possession.
- C
Recordation is filing an eligible real estate instrument in the appropriate public land records so it becomes part of the chain of title and provides the notice and priority effects given by law.
- D
Satisfaction or cancellation of a Georgia security deed is the formal record that the secured debt has been paid and the security deed has been cancelled, which operates to reconvey title as provided by Georgia law.
Satisfaction or cancellation of security deed is correct. Satisfaction or cancellation of a Georgia security deed is the formal record that the secured debt has been paid and the security deed has been cancelled, which operates to reconvey title as provided by Georgia law. Paying the note satisfies the debt. Recording the cancellation clears the public title record of the security instrument. O.C.G.A. § 44-14-67 treats surrender and cancellation after payment as a reconveyance of title to the grantor.
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/study-guide/georgia-finance-and-closing/note-security-deed-and-release
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.aspOfficial statewide reference for Georgia real estate recording, indexing, and public land-record access.
https://www.gsccca.org/learn/projects-programs/real-estate-index