I. When a mortgage upon real estate is satisfied, the mortgagee shall give the mortgagor a discharge thereof. Said discharge shall be in the form of a written document and shall be signed by the mortgagee, his executor, administrator, successor, or assign whose signature shall be witnessed or acknowledged and shall be sufficient when substantially in the following form:
(Form for Mortgage Discharge)
For value received,
__________, holder of a mortgage from
__________ to
__________, dated
__________ and recorded in
__________ County Registry of Deeds at Book
__________, Page
__________, hereby discharges the said mortgage.
(1) Witness my hand this
__________ day of
__________, 20
__________ Witness:
or
(2) Subscribed, sworn to and acknowledged before me by
__________, the mortgagee, this
__________ day of
__________, 20
__________.
(Signed)
__________
(Notary Public/Justice of the Peace)
II. The mortgagee, within 60 days after said mortgage is satisfied and having reasonable charges tendered to the mortgagee, shall cause the discharge of the mortgage to be recorded in the registry of deeds where the land lies. The recording fees associated with the discharge of mortgage may be charged to the mortgagor, if the mortgagor received written disclosure that such fees would be so charged. The mortgagee shall provide written confirmation of the discharge within the 60-day period to the payor of the final payment in satisfaction of the mortgage.
Source. 1905, 37:1. PL 215:6. RL 261:6. RSA 479:7. 1975, 462:1. 1986, 48:1. 1989, 171:1. 1997, 84:1, eff. Jan. 1, 1998.