Satisfaction, Release or Cancellation of Mortgage by Corporation - Alabama 2025

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The lender issues a Satisfaction of Mortgage after they have received the final mortgage payment from the borrower. Its signed by the mortgagee (in the presence of a witness in some states and counties) and then notarized by a registered notary public.
How do you get a Satisfaction of Mortgage? The lender issues a Satisfaction of Mortgage after they have received the final mortgage payment from the borrower. Its signed by the mortgagee (in the presence of a witness in some states and counties) and then notarized by a registered notary public.
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.
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.
Therefore, there is compelling need for the notary for a mortgage and related documents which must be recorded (satisfaction of mortgage, release of lien of mortgage, spreader agreement and many others).
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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.

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