§ 45-36.16 – Affidavit of satisfactioncontent.
45-36.16. Affidavit of satisfaction: content. An affidavit of satisfaction of a security instrument must comply with all of the following: (1) Identify the type of security instrument, the original parties to the security instrument, the secured creditor, the recording data for the security instrument, and the office in which the security instrument is recorded. (2) […]
§ 45-36.17 – Affidavit of satisfactionform.
45-36.17. Affidavit of satisfaction: form. No particular phrasing of an affidavit of satisfaction is required. The following form of affidavit, when properly completed, is sufficient to satisfy the requirements of G.S. 45-36.16: "AFFIDAVIT OF SATISFACTION (G.S. 45-36.16, 45-36.17, 45-36.18) _________________ (Date of Affidavit) The undersigned hereby states as follows: 1. I am an attorney licensed […]
§ 45-36.18 – Affidavit of satisfactioneffect.
45-36.18. Affidavit of satisfaction: effect. (a) Upon recording, an affidavit substantially complying with the requirements of G.S. 45-36.16 constitutes a satisfaction of the security instrument described in the affidavit. (b) The recording of an affidavit of satisfaction of a security instrument does not by itself extinguish any liability of a person for payment or performance […]
§ 45-36.19 – Liability of satisfaction agent.
45-36.19. Liability of satisfaction agent. (a) Except as otherwise provided in subsection (b) of this section, a satisfaction agent or any person purporting to be a satisfaction agent that records or submits for recording an affidavit of satisfaction of a security instrument erroneously or with knowledge that the statements contained in the affidavit are false […]
§ 45-36.20 – Trustee's satisfaction of deed of trustcontent and effect.
45-36.20. Trustee’s satisfaction of deed of trust: content and effect. (a) Upon recording, a trustee’s satisfaction substantially complying with the requirements of this section constitutes a satisfaction of the deed of trust described in the trustee’s satisfaction. (b) The recording of a trustee’s satisfaction does not by itself extinguish any liability of a person for […]
§ 45-36.21 – Trustee's satisfaction of deed of trustform.
45-36.21. Trustee’s satisfaction of deed of trust: form. (a) Standard Form. – No particular phrasing is required for a trustee’s satisfaction of a deed of trust. The following form, when properly completed, is sufficient to satisfy the requirements of G.S. 45-36.20: "TRUSTEE’S SATISFACTION OF DEED OF TRUST (G.S. 45-36.20; G.S. 45-37(a)(7)) The undersigned is now […]
§ 45-36.22 – Partial releasecontent and effect; form.
45-36.22. Partial release: content and effect; form. (a) A document is a partial release 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 […]
§ 45-36.13 – Eligibility to serve as satisfaction agent.
45-36.13. Eligibility to serve as satisfaction agent. No person other than an attorney licensed to practice law in the State of North Carolina may serve as a satisfaction agent under this Article. (2005-123, s. 1.)
§ 45-36.14 – Affidavit of satisfactionnotification to secured creditor.
45-36.14. Affidavit of satisfaction: notification to secured creditor. (a) If a secured creditor has not submitted for recording a satisfaction of a security instrument and the security instrument has not been satisfied of record by any of the methods provided by G.S. 45-37(a) within the period specified in G.S. 45-36.9(a), a satisfaction agent acting for […]
§ 45-36.15 – Affidavit of satisfactionauthorization to submit for recording.
45-36.15. Affidavit of satisfaction: authorization to submit for recording. (a) Subject to subsections (b) and (c) of this section, a satisfaction agent may sign and submit for recording an affidavit of satisfaction of a security instrument complying with G.S. 45-36.16 if the satisfaction agent has reasonable grounds to believe that the secured creditor has received […]