Satisfaction Methods

Security instruments are documents recorded in the office of the Register of Deeds to provide an interest in real property to secure payment or performance of obligation.  When a document such as a deed of trust or mortgage has been paid, a satisfaction document is filed in order to release the debt against the property.

A copy of the North Carolina Mortgage Satisfaction Act SL 2005-123 SB 734, effective October 1, 2005 may be obtained at:

http://www.ncleg.net/Sessions/2005/Bills/Senate/HTML/S734v5.html

There are several methods of satisfaction:

Effective October 1, 2011 per Session Law 2011-246 (H312): we will no longer accept the original security instrument and notes endorsed by the creditors or trustees.

The Trustee or Substitute Trustee may submit a “Trustee’s Satisfaction,” which must be signed by the Trustee or Substitute Trustee and acknowledged by a Notary Public.  This document must contain all the information required by N.C.G.S. 45-36.20 and 45-37(a)(7).

 Certificate of Satisfaction or Satisfaction of Security Instrument may be filed, which must be signed by the beneficiary or secured creditor and notarized by a Notary Public.  This document must contain all the information required by N.C.G.S.45-36-10 and 45-37(a)(7).

A North Carolina licensed attorney may submit an Affidavit of Satisfaction, signed by the attorney.  This affidavit must be notarized.

NO FEES ARE REQUIRED TO FILE A DOCUMENT OF SATISFACTION.

 
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