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HSBC MTGE. CORP. v. PASCOE

2011-05930.

100 A.D.3d 701 (2012)

954 N.Y.S.2d 138

HSBC MORTGAGE CORPORATION (USA), Appellant, v. JOHN PASCOE, Also Known as GERALD JOHN PASCOE, et al., Defendants, and JOSEPH P. DELGADO et al., Respondents.

Appellate Division of the Supreme Court of New York, Second Department.

November 14, 2012.

Ordered that the order is affirmed, with costs.

The Real Property Actions and Proceedings Law provides, with respect to credit line mortgages, that a mortgagee of real property must execute a satisfaction of mortgage upon written request and full payment of the mortgage obligation (see RPAPL 1921 [1]; HSBC Bank, USA v Pugkhem, 88 A.D.3d 649, 650 [2011]). "A letter requesting that a mortgagee close a credit line and...

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