765. Default in reconveyance to the mortgagor.

Upon a proper tender being made to him, the mortgagee is bound to give a statutory receipt1, or, if appropriate, to execute a reconveyance2 to the mortgagor or other person entitled. If a reconveyance is required, the draft must be previously submitted to the mortgagee's solicitor for approval and the engrossment then left for execution