§ 1921. Discharge of mortgage. * 1. After payment of authorized\nprincipal, interest and any other amounts due thereunder or otherwise\nowed by law has actually been made, and in the case of a credit line\nmortgage as defined in section two hundred eighty-one of the real\nproperty law on written request, a mortgagee of real property situate in\nthis state, unless otherwise requested in writing by the mortgagor or\nthe assignee of such mortgage, must execute and acknowledge before a\nproper officer, in like manner as to entitle a conveyance to be\nrecorded, a satisfaction of mortgage, and thereupon within thirty days\narrange to have the satisfaction of mortgage: (a) presented for\nrecording to the recording officer of the county where the mortgage is\nrecorded, or (b) if so requested by the mortgagor or the mortgagor's\ndesignee, to the mortgagor or the mortgagor's designee. Failure by a\nmortgagee to present a certificate of discharge for recording shall\nresult in the mortgagee being liable to the mortgagor in the amount of\nfive hundred dollars if he or she fails to present such certificate\nwithin thirty days, shall result in the mortgagee being liable to the\nmortgagor in the amount of one thousand dollars if he or she fails to\npresent a certificate of discharge for recording within sixty days or\nshall result in the mortgagee being liable to the mortgagor in the\namount of one thousand five hundred dollars if he or she fails to\npresent a certificate of discharge for recording within ninety days. For\nthe purposes of such liability under this subdivision, the term\n"mortgagee" shall not include a person, partnership, association,\ncorporation or other entity which makes less than five mortgage loans in\nany calendar year. The mortgagee shall within forty-five days deliver\nthe note and the mortgage and where a title is registered under article\ntwelve of the real property law, the registration copy of the mortgage\nand any registration certificates in the mortgagee's possession to the\nmortgagor or the mortgagor's designee making such payment and request if\nrequired as aforesaid. Delivery of a satisfaction of mortgage in\naccordance with the terms of section two hundred seventy-five of the\nreal property law shall be deemed to satisfy the requirements of this\nsection regarding the satisfaction of mortgage.\n * NB Effective until June 10, 2026\n * 1. (a) After payment of authorized principal, interest and any other\namounts due thereunder or otherwise owed by law has actually been made,\nand in the case of a credit line mortgage as defined in section two\nhundred eighty-one of the real property law on written request, a\nmortgagee of real property situate in this state, unless otherwise\nrequested in writing by the mortgagor or the assignee of such mortgage,\nmust execute and acknowledge before a proper officer, in like manner as\nto entitle a conveyance to be recorded, a satisfaction of mortgage, and\nthereupon within thirty days arrange to have the satisfaction of\nmortgage: (i) presented for recording to the recording officer of the\ncounty where the mortgage is recorded, or (ii) if so requested by the\nmortgagor or the mortgagor's designee, to the mortgagor or the\nmortgagor's designee. Failure by a mortgagee to present a certificate of\ndischarge for recording shall result in the mortgagee being liable to\nthe mortgagor in the amount of five hundred dollars if such mortgagee\nfails to present such certificate within thirty days, shall result in\nthe mortgagee being liable to the mortgagor in the amount of one\nthousand dollars if such mortgagee fails to present a certificate of\ndischarge for recording within sixty days or shall result in the\nmortgagee being liable to the mortgagor in the amount of one thousand\nfive hundred dollars if such mortgagee fails to present a certificate of\ndischarge for recording within ninety days. For the purposes of such\nliability under this subdivision, the term "mortgagee" sh
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