What document must be recorded for a lender to release their lien on a trust deed?

For a lender to effectively release their lien on a trust deed, the correct document that must be recorded is a Reconveyance Deed. This instrument serves to formally discharge the lender's claim against the property, indicating that the debt secured by the trust deed has been paid in full or satisfied. The recording of the Reconveyance Deed in the county where the property is located provides public notice that the lien has been released, thereby clearing the title and allowing the owner to have full ownership rights without encumbrances from that particular loan.

The other options, while they may sound relevant, do not specifically fulfill the legal requirements to release a lien created by a trust deed in the context of property management. For example, a Discharge Document might be thought to serve a similar purpose, but it is not the standard terminology or used in actual practice for this specific case. Similarly, a Cancellation Notice and a Release of Lien may be relevant in certain contexts but do not directly apply to the specific procedure and terminology associated with trust deeds in Oregon. Thus, the Reconveyance Deed is the accurate and necessary document to ensure the proper release of the lien.