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Release of Mortgage by Lender - by Corporate Lender - South Dakota

Release of Mortgage by Lender - by Corporate Lender - South Dakota 2025

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The document is a legal instrument titled 'Satisfaction and Release of Mortgage' which certifies the release and satisfaction of a mortgage for a specified property. It includes details such as the parties involved, the mortgage's original date, and relevant recording information. The document confirms that the mortgage has been fully satisfied in exchange for consideration, and it requires signatures from corporate representatives and a notary public.

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Click ‘Get Form’ to open it in the editor.
Begin by filling in the 'Prepared by and after Recording Return to' section. Enter the name, firm/company, address, city, state, zip, and phone number.
In the 'Assessor’s Property Tax Parcel/Account Number' field, input the relevant property tax information.
Complete the 'SATISFACTION AND RELEASE OF MORTGAGE' section. Specify the corporation's name and state of incorporation.
Fill in details about the mortgage being released: date of mortgage, mortgagor(s), mortgagee, filing information including book and page numbers.
If applicable, complete the assignment section with details of any assignments related to the mortgage.
Sign and date the document where indicated. Ensure that a notary public witnesses your signature for validation.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the dormancy period for unclaimed property in South Dakota?

South Dakota Dormancy Periods Generally, most property types have a three-year dormancy period. Accounts are considered dormant if the owner of a property has not indicated any interest in the property or if no contact has been made for the allotted dormancy period for that property.

What is the payday loan law in South Dakota?

Maximum amount of payday loan--Violation as misdemeanor. The maximum principal amount of any payday loan, or the total outstanding principal balances of all payday loans made by a licensee to a single borrower, may not exceed five hundred dollars at any time. A violation of this section is a Class 1 misdemeanor.

What type of license is required to broker commercial mortgage loans in South Dakota?

The South Dakota Mortgage Lender Business Statute requires an entity to have a Mortgage Lender/Servicer License to make or service mortgages in the state, including commercial mortgages, and a Mortgage Broker License to broker mortgages in the state, including commercial mortgages.

What is the 180 day redemption mortgage law in South Dakota?

In general, the borrower gets one year to redeem the home after a foreclosure sale. (S.D. Codified Laws 21-52-11 (2025).) However, if the mortgage is a short-term redemption mortgage, the redemption period is 180 days after the purchaser from the foreclosure sale records a certificate of sale in the land records.

What is the time limit for redemption of mortgage?

137 of the Limitation Act, 1963 and the said period is computed from the date on which the right to apply accrues. REDEMPTION OF MORTGAGE:- Limitation. to file a suit for redemption is 30 years under Article 61(a) of the Limitation Act, 1963 from the date when the right to redeem accrues.

What is the Sunshine Law in South Dakota?

The South Dakota Sunshine Law is a series of laws designed to guarantee that public has access to public records of governmental bodies. Public records are defined as all records kept by public bodies in South Dakota, no matter the physical form.

Release of Mortgage by Lender - by Corporate Lender - South Dakota 2025

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What is the dormancy period for unclaimed property in South Dakota?

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Release of Mortgage by Lender - by Corporate Lender - South Dakota 2025

Here's how it works

How to use or fill out Release of Mortgage by Lender - by Corporate Lender - South Dakota with our platform

Complete this form in 5 minutes or less

Got questions?

What is the dormancy period for unclaimed property in South Dakota?

What is the payday loan law in South Dakota?

What type of license is required to broker commercial mortgage loans in South Dakota?

What is the 180 day redemption mortgage law in South Dakota?

What is the time limit for redemption of mortgage?

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