§ 45-36.2 Obligation of good faith
§ 45-36.3 Notification by mortgagee of satisfaction of provisions of deed of trust or mortgage, or other instrument; civil penalty
§ 45-36.4 Definitions
§ 45-36.5 Notification: manner of giving and effective date
§ 45-36.6 Document of rescission: effect; liability for wrongful recording
§ 45-36.7 Payoff and short-pay statements; request and content
§ 45-36.7A Credit suspension directives
§ 45-36.8 Understated payoff statement or short-pay statement: correction; effect
§ 45-36.9 Secured creditor to submit satisfaction or release for recording; liability for failure
§ 45-36.10 Content and effect of satisfaction
§ 45-36.11 Satisfaction: form
§ 45-36.12 Limitation of secured creditor’s liability
§ 45-36.13 Eligibility to serve as satisfaction agent
§ 45-36.14 Affidavit of satisfaction: notification to secured creditor
§ 45-36.15 Affidavit of satisfaction: authorization to submit for recording
§ 45-36.16 Affidavit of satisfaction: content
§ 45-36.17 Affidavit of satisfaction: form
§ 45-36.18 Affidavit of satisfaction: effect
§ 45-36.19 Liability of satisfaction agent
§ 45-36.20 Trustee’s satisfaction of deed of trust: content and effect
§ 45-36.21 Trustee’s satisfaction of deed of trust: form
§ 45-36.22 Partial release: content and effect; form
§ 45-36.23 Obligation release: content and effect
§ 45-36.24 Expiration of lien of security instrument
§ 45-37 Satisfaction of record of security instruments
§ 45-37.1 Validation of certain entries of cancellation made by beneficiary or assignee instead of trustee
§ 45-37.2 Indexing satisfactions and other documents relating to security instruments
§ 45-38 Recording of foreclosure
§ 45-41 Recorded deed of release of mortgagee’s representative
§ 45-42 Satisfaction of corporate mortgages by corporate officers
§ 45-42.1 Corporate cancellation of lost mortgages by register of deeds
§ 45-42.3 Automatic release of real property from ancillary security instruments
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Terms Used In North Carolina General Statutes > Chapter 45 > Article 4 - Satisfaction

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • 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
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Grantor: The person who establishes a trust and places property into it.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.
  • Trustor: The person who makes or creates a trust. Also known as the grantor or settlor.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
  • United States: shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3