Opinion ID: 2599564
Heading Depth: 1
Heading Rank: 9

Heading: Boling's Counterclaim

Text: Boling claims that Hansen's refusal to discharge the mortgage following his presentation of a letter from the bank guaranteeing payment on the note is, by statute, actionable. Wyo. Stat. Ann. § 34-1-132(a) (Lexis 1999) states the following: (a) A mortgagee shall, within thirty (30) days after having received by certified or registered mail a request in writing for the discharge or release of a mortgage, execute and acknowledge a certificate or deed of discharge or release of the mortgage if there has been full performance of the condition of the mortgage and if there is no other written agreement between the mortgagee and mortgagor encumbering the property subject to the mortgage. (emphasis added). Clearly, this provision requires the note to be paid in full before a mortgagee must release the mortgage. On March 5, 1999, in a letter to Hansen, Boling stated he and LBI stand ready to pay off the entire principal and interest due on the mortgage. Attached to the letter is a letter from the bank to Boling, stating the bank can close the loan to Little Bear Inn Inc. and the funds would be available immediately, as long as there is a release of mortgage from William D. Hansen. We find, as did the district court, these letters provided by Boling evidence merely an offer to render full performance. Boling has not satisfied the note and therefore cannot claim that Hansen's failure to discharge the mortgage in this circumstance is actionable under Wyo. Stat. Ann. § 34-1-132.