Satisfaction, Release or Cancellation of Mortgage by Individual - North Dakota 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in your name, firm/company, address, and contact information at the top of the form. This ensures that all parties are correctly identified.
  3. Enter the Assessor’s Property Tax Parcel/Account Number to specify the property involved in the mortgage.
  4. In the 'SATISFACTION OF MORTGAGE' section, provide details about the mortgage being satisfied, including the date of mortgage, names of mortgagor(s) and mortgagee, and where it was filed.
  5. Indicate the amount secured by the promissory note and complete any assignment details if applicable.
  6. Sign and date the document at the bottom. Ensure that a notary public witnesses your signature for legal validation.
  7. Finally, review all entries for accuracy before saving or printing your completed form.

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How to Write a Satisfaction of Mortgage Form Record Lender Borrower Details. Using Legal Templatess form, you can easily identify each party. Add Mortgage Information. Add the mortgage information, including when it was executed and the principal amount. Specify the Final Mortgage Payment. Finalize Details.
A release of mortgage, commonly known as a discharge of mortgage, is a legal document issued by the lender acknowledging that the mortgage debt is settled. It effectively releases the property from the lien, allowing homeowners clear ownership.
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.
Depending on your state, a Satisfaction of Mortgage may also be known as: Mortgage Lien Release. Release of Mortgage.
If a lender takes longer than 90 days to record it, they can be charged up to $1,500 in penalties. So, in theory, a satisfaction should be recorded within 30-90 days of payoff regardless of what state you work in.
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People also ask

A release is a relinquishment of a right, which may be given gratuitously or for inadequate consideration, while an and satisfaction is the discharge of a debt or claim by the acceptance of some payment which is agreed to constitute full satisfaction.
A satisfaction of mortgage, also known as release, cancellation or discharge of mortgage, is a type of legal document that proves you paid your mortgage in full. As a result, it also certifies that the propertys title is clear of any liens.

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