State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_47 > GS_47-46_1

§ 47‑46.1.  Notice ofsatisfaction of deed of trust, mortgage, or other instrument.

No particular phrasing isrequired for a notice of satisfaction pursuant to G.S. 45‑37(a)(5) as itwas prior to October 1, 2005, a satisfaction of a security instrument underG.S. 45‑36.10, or a trustee's satisfaction under G.S. 45‑36.20. Thefollowing form, when properly completed, is sufficient to satisfy therequirements (i) for a notice of satisfaction under G.S. 45‑37(a)(5) asit was in effect prior to October 1, 2005, (ii) for a satisfaction under G.S.45‑36.10 if the form is signed and acknowledged by the secured creditor,and (iii) for a trustee's satisfaction under G.S. 45‑36.20 if thesecurity instrument is a deed of trust and the form is signed and acknowledgedby the trustee:

North Carolina, ____________County.

I, ____________ (name oftrustee or mortgagee), certify that the debt or other obligation in the amountof ________ secured by the (deed of trust)(mortgage)(other instrument) executedby ____________ (grantor)(mortgagor), ____________ (trustee)(leave blank ifmortgage), and ____________ (beneficiary)(mortgagee), and recorded in____________ County at ________ (book and page) was satisfied on ____________(date of satisfaction).

                                                                                                                                                        

                                                                                                (Signatureof trustee or mortgagee)

(Acknowledgment before officerauthorized to take acknowledgments)

My commission expires____________ (Date of expiration of official's commission).

(1987,c. 405, s. 2; c. 662, s. 4; 1989, c. 434, s. 2; 2005‑123, s. 5; 2006‑264,s. 82(a).)