Satisfaction, Release or Cancellation of Mortgage by Corporation - Iowa 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in the 'Prepared by and after Recording Return to' section. Enter the name, firm/company, address, city, state, zip code, and phone number.
  3. Next, locate the 'Satisfaction of Mortgage' section. Here, input the corporation's name and state of incorporation.
  4. Fill in the details of the mortgage being released: date of mortgage, names of mortgagor(s) and mortgagee, and recording information including book/page/document number.
  5. If applicable, complete the assignment section with relevant details about any assignments related to the mortgage.
  6. In the 'IN WITNESS WHEREOF' section, enter the date of execution and type in the corporation's name along with an authorized signatory's name and title.
  7. Finally, ensure that a notary public completes their section for validation. This includes signatures and titles as required.

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You can expect to receive these documents in the mail within about 30 days after paying off your loan. If your loan is secured with real estate, a mortgage satisfaction document will be mailed directly to the Register of Deeds for the county in which the mortgage was filed.
A release is synonymous to a satisfaction of mortgage since they indicate the borrower has repaid their mortgage loan in full and the lien on the property has been lifted.
The general rule is that the satisfaction must be in proper written format and recorded to provide notice of the satisfaction. If the lender fails to record a satisfaction within set time limits, the lender may be responsible for damages set by statute for failure to timely cancel the lien.
These deeds document the details of how much money is being borrowed, by whom and from whom. Depending on your state, you may receive a satisfaction of mortgage, which is essentially the same type of document as the deed of reconveyance.

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