Satisfaction Methods

NOTICE
SL 2005-123 (SB 734)
Mortgage Satisfaction Act
Effective October 1, 2005

Significant Changes:

• Deeds of trust and mortgages can be satisfied on the record with a simple instrument prepared and signed by the trustee or secured creditor and acknowledged
• Borrowers’ attorneys can prepare and record affidavits of satisfaction when secured creditors fail to provide satisfactions
• Registers’ marginal notes are no longer authorized
• For more information, you can visit the NC General Assembly web site. You can search the web site for Session Law 2005-123 or Bill #734 in the upper left corner of the page.