Satisfaction, Cancellation or Release of Mortgage Package - Oklahoma 2025

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The document is a Specialty Forms Package from U.S. Legal Forms, Inc. for the satisfaction, release, or cancellation of a mortgage in Oklahoma. It includes various forms and letters necessary for releasing a property from a mortgage or deed of trust, along with tips for completing the forms and a disclaimer regarding their legal use.
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What Is the Difference Between a Release and a Satisfaction of Mortgage? 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.
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.
Once the loan is repaid, the lender should provide a recordable lien release document. It is very important to record the lien release document with the same recording official as the original mortgage or deed of trust (such as the County Clerk of Court or Register-Recorder of Deeds Office).
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, sometimes called a release of mortgage, is a document that acknowledges that the terms of a Mortgage Agreement have been satisfied, meaning that a borrower has repaid their mortgage loan to the lender.

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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 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.
As a result, a mortgage lien release is required to free the title and the borrower from that lien. The release does not erase the lien. Instead, the release is filed as a subsequent and corresponding instrument in the public record. It may also be called a satisfaction or deed reconveyance.

Related links

2017 Publication 946

Apr 15, 1976 Increased section 179 deduction dollar limits. The maximum amount you can elect to deduct for most sec- tion 179 property you placed in

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The Statute of Frauds and the Parol Release of a Mortgage

by P Hardin III 1953 In those courts which hold that a release is within the statute of frauds it may frequeutly be taken out of its operation by the doctrine of part performance.

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OKLAHOMA STATUTES TITLE 16. CONVEYANCES

deed, mortgage or release of mortgage shall be of no effect for any purpose until the power under which it is executed has been duly filed for record in the

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