Satisfactions

Satisfaction Methods

Effective October 1, 2005
Satisfaction by Presentation Ends October 1, 2011

Notice: See NC Session Law 2005-123 for the complete Mortgage Satisfaction Act

Satisfaction of Security Instrument

G.S. 45-36.10 Content and effect of satisfaction

• (a) A document is a satisfaction of a security instrument if it does all of the following:
  1. Identifies the type of security instrument, the original parties to the security instrument, the recording data for the security instrument, and the office in which
     the security instrument is recorded.
  2. States that the person signing the satisfaction is the secured creditor.
  3. Reserved.
  4. Contains language terminating the effectiveness of the security instrument.
  5. Is signed by the secured creditor and acknowledged as required by law for a conveyance of an interest in real property.

G.S.45-36.11 Satisfaction: (for example of wording)

Trustee's Satisfaction of Deed of Trust

G.S. 45-36.20 Trustees satisfaction of deed of trust; content and effect.

• (d) Document is a trustee's satisfaction of a deed of trust if it complies with all of the following:
  1. Identifies the original parties to the deed of trust, the recording data for the deed of trust, and the office in which the deed of trust is recorded.
  2. States that the person signing the trustee's satisfaction is then serving as trustee or substitute trustee under the terms of the deed of trust.
  3.  Contains language terminating the effectiveness of the deed of trust.
  4. Is signed by the trustee or substitute trustee then serving under the terms of the deed of trust and acknowledged as required by law for a conveyance of an
     interest in real property.

G.S. 45-36.21 Trustee's Satisfaction of Deed of Trust: (for example of wording)

Note: All documents submitted for recording must have a complete notary acknowledgment with the notary signature, seal, and expiration date included.