RECORDING CONFIRMATION >> Notification from the title company verifying the lien has recorded as instructed.

RECORDING FEES >> The amount charged by a public records office to record the security instrument within the county.

REFINANCE (REFI) >> The creation of a new loan to pay off existing debts.

REGULATION Z (REG Z) >> Federal Reserve regulation issued under the Truth-in-Lending Law, which requires a credit purchaser be advised in writing of all costs connected with the credit portion of the purchase.

RELEASE OF LIEN >> When a lien against the property is satisfied, the note holder records a document that reflects the discharge of the obligation and releases the lien recorded against the property.

RELEASE OF MORTGAGE >> A recordable instrument that transfers title from a mortgagee to the mortgagor when title is held as collateral security for a debt. Most commonly used upon payment in full of a mortgage.

RENTAL AGREEMENT >> A contract used by property owners who rent their property to another individual. Rental agreements should state the amount of rent the customer will collect from the renter.