The transaction is alleged held to a security deed. A security deed is distinguished as a mortgage transaction that mandates a conveyance of the property title to the lender while the debt is outstanding. Complete Legal title is transferred to the lender although the original owner has the right to the possession and use of the property as long as the conditions of the loan are met.
When the debt is paid the lender executes a re-conveyance deed of the property back to the owner. This is compared to a satisfaction of lien or release.