Home
Forms Library
Cancellation of mortgage

Satisfaction, Release or Cancellation of Mortgage by Individual - Rhode Island 2025

cancellation of mortgage Preview on Page 1

See details

4.5 out of 5

46 votes

The document is a Satisfaction of Mortgage form, which certifies the release and satisfaction of a mortgage for a specified property upon receipt of payment. It includes details such as the names of the mortgagor and mortgagee, the date of the original mortgage, and relevant recording information. The document also requires notarization to validate the execution.

Here's how it works

01. Edit your cancellation of mortgage online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out Satisfaction, Release or Cancellation of Mortgage by Individual - Rhode Island with our platform

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open it in the editor.
Begin by filling in the 'Prepared by and after Recording Return to' section. Enter your name, firm/company, address, city, state, zip code, and phone number.
Next, locate the 'Assessor’s Property Tax Parcel/Account Number' field and input the relevant property tax information.
In the 'SATISFACTION OF MORTGAGE' section, confirm the valuable consideration amount and ensure it is accurately stated as ten dollars ($10.00).
Fill in the details of the mortgage being released: date of mortgage, names of mortgagor(s), mortgagee's name, and filing information including book and page numbers.
If applicable, complete the assignment section with details about any assignments related to the mortgage.
Finally, sign and date the document where indicated. Ensure that a notary public witnesses your signature for validation.

Start using our platform today to easily complete your Satisfaction of Mortgage form online for free!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

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

Who is the grantor in a satisfaction of a mortgage?

The Grantor is the seller (on deeds), or borrower (on mortgages). The Grantor is usually the one who signed the document.

How to get satisfaction of a mortgage?

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.

What happens when no satisfaction of a mortgage is recorded?

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.

What is the difference between a lien release and a satisfaction of mortgage?

A satisfaction of mortgage notes that you have fully satisfied, or paid off, the mortgage on the property and releases you from further obligations. A lien release, on the other hand, releases the lien from the property. In some cases, may leave a borrower personally liable for any unpaid loan balance.

What is satisfaction or release of mortgage?

A satisfaction of mortgage is a document that proves the borrower has paid off the mortgage in full, freeing the loans lien on the property and giving the title to the borrower.

Who signs a satisfaction of a mortgage?

Mortgage lenders are obligated to prepare a satisfaction of mortgage document that is signed by all parties involved in the loan and collateral title.

Satisfaction, Release or Cancellation of Mortgage by Individual - Rhode Island 2025

Here's how it works