Humber/Ontario Real Estate Course 1 Exam Practice

What must a mortgagor do to remove a charge/mortgage from property title?

1. Must pay any outstanding amount to the Court in order to discharge that mortgage.

2. Must receive acknowledgement from the mortgagee that the Standard Charge Terms have also been discharged from the title.

3. Can remove the charge/mortgage from the property by having the mortgagee register a fully executed Discharge of Charge/Mortgage on title.

4. Typically receives a Document General (Form 4) from the mortgagee stating that the mortgage has been paid.

The correct answer is: Can remove the charge/mortgage from the property by having the mortgagee register a fully executed Discharge of Charge/Mortgage on title.

In order to remove a charge/mortgage from a property title, the mortgagor can do so by having the mortgagee register a fully executed Discharge of Charge/Mortgage on the title. This is the correct choice because registering a Discharge of Charge/Mortgage is the legal process to release the property from the mortgage or charge. This document provides official confirmation that the mortgage has been paid off or otherwise satisfied, thus removing the encumbrance from the property title. Option A is incorrect because the outstanding amount is typically paid to the mortgagee directly, not to the Court. Option B is incorrect because while receiving acknowledgement from the mortgagee is important, it is the registration of the Discharge of Charge/Mortgage that officially removes the charge from the title. Option D is incorrect as the mortgagee typically provides a Discharge of Charge/Mortgage document, not a Document General (Form 4), to confirm that the mortgage has been paid.