North Carolina General Statutes 47-46.1. Notice of satisfaction of deed of trust, mortgage, or other instrument
No particular phrasing is required for a notice of satisfaction pursuant to N.C. Gen. Stat. § 45-37(a)(5) as it was prior to October 1, 2005, a satisfaction of a security instrument under N.C. Gen. Stat. § 45-36.10, or a trustee‘s satisfaction under N.C. Gen. Stat. § 45-36.20 The following form, when properly completed, is sufficient to satisfy the requirements (i) for a notice of satisfaction under N.C. Gen. Stat. § 45-37(a)(5) as it was in effect prior to October 1, 2005, (ii) for a satisfaction under N.C. Gen. Stat. § 45-36.10 if the form is signed and acknowledged by the secured creditor, and (iii) for a trustee’s satisfaction under N.C. Gen. Stat. § 45-36.20 if the security instrument is a deed of trust and the form is signed and acknowledged by the trustee:
North Carolina, ____________ County.
I, ____________ (name of trustee or mortgagee), certify that the debt or other obligation in the amount of ________ secured by the (deed of trust)(mortgage)(other instrument) executed by ____________ (grantor)(mortgagor), ____________ (trustee)(leave blank if mortgage), and ____________ (beneficiary)(mortgagee), and recorded in ____________ County at ________ (book and page) was satisfied on ____________ (date of satisfaction).
(Signature of trustee or mortgagee)
(Acknowledgment before officer authorized 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).)
Terms Used In North Carolina General Statutes 47-46.1
- Deed: The legal instrument used to transfer title in real property from one person to another.
- following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Trustee: A person or institution holding and administering property in trust.