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#2019616 - 06/10/15 07:31 PM Mortgage Discharge
J2C Offline
Diamond Poster
Joined: May 2004
Posts: 1,475
Big Brother knows and that's a...
Under Section 275(1) of the RPL, a lending institution upon payoff of a loan is required to provide a satisfaction to the mortgagor or his designee within 30 days from the date of payoff, except if the mortgagee is the State of New York or one of its agencies.


I cannot locate how they define "days". Is it calendar or business? Anyone?
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#2020109 - 06/12/15 03:47 PM Re: Mortgage Discharge J2C
Soccer Offline
Diamond Poster
Joined: Jan 2010
Posts: 1,018
Utopia
I just the section and based on content I would say calendar.
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#2021044 - 06/17/15 07:02 PM Re: Mortgage Discharge J2C
LillyNY Offline
Junior Member
Joined: Aug 2012
Posts: 48
Central NY
My understanding is that this section of the NYS Real Property Law is referring to calendar days.

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