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AGO Opinions with Topic: RELEASE WHEN LOAN IS RENEWED
AGO 1961 No. 61
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September 7, 1961
MORTGAGES - CHATTEL - RELEASE WHEN LOAN IS RENEWED
MORTGAGES ‑- CHATTEL ‑- RELEASE WHEN LOAN IS RENEWED
A licensee under the small loan act is under a mandatory duty to release security only when the security is in fact legally discharged.
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