Satisfaction, Release or Cancellation of Mortgage by Individual - Maine 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in your name, firm/company, and address details at the top of the form. Ensure accuracy as this information is crucial for identification.
  3. Enter the Assessor’s Property Tax Parcel/Account Number to specify the property involved in the mortgage discharge.
  4. In the DISCHARGE OF MORTGAGE section, certify that you are releasing and satisfying the mortgage by entering your name where indicated.
  5. Fill in the date of the original mortgage, names of mortgagor(s) and mortgagee, and relevant filing details including book and page numbers from the Registry of Deeds.
  6. Specify the property description as outlined in the original mortgage document.
  7. If applicable, complete the assignment section with details about any assignments related to the mortgage.
  8. Sign and print your name at the bottom of the form. Ensure that you also include a date for when this discharge is executed.
  9. Lastly, have a notary public acknowledge your signature by filling out their information in the designated area.

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The satisfaction mortgage document should explicitly specify the initial mortgage amount and payment plan. Provide a thorough description of the property, including its legal definition and address. Assemble all the information required for the mortgage, including the date of creation and the recording details.
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.
The Release of Mortgage is an original document prescribed by the Titles Registry Office, which must be signed and correctly witnessed by an authorised person at the bank or financial institution, and is the document that should be registered with the local Land Titles Department in order for the registered mortgage to
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.
You can request a copy of the mortgage satisfaction document from your county recorders office after you pay off your mortgage. Please allow 60 to 90 days after your loan is paid in full before contacting them for a copy of the lien. Note: timeframes can vary by county and could take up to six months.

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Most discharges follow the same route: You instruct your solicitor to prepare an application to discharge the standard security. Your solicitor sends the discharge to your lender for signing. Your lender signs the discharge, confirming that youve paid your mortgage in full, and returns it to your solicitor.

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