North Carolina General Statutes 47-46.2. Certificate of satisfaction of deed of trust, mortgage, or other instrument
Terms Used In North Carolina General Statutes 47-46.2
- 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
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- 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.
No particular phrasing is required for a certification of satisfaction pursuant to N.C. Gen. Stat. § 45-37(a)(6) as it was in effect prior to October 1, 2005, or for a satisfaction of a security instrument under N.C. Gen. Stat. § 45-36.10 The following form, when properly completed, is sufficient to satisfy the requirements (i) for a certificate of satisfaction under N.C. Gen. Stat. § 45-37(a)(6) as it was in effect prior to October 1, 2005, and (ii) for a satisfaction of a security instrument under N.C. Gen. Stat. § 45-36.10 when signed and acknowledged by the secured creditor:
CERTIFICATE OF SATISFACTION
North Carolina, ____________ County.
I, ____________ (name of owner of the note or other indebtedness secured by the deed of trust or mortgage), certify that I am the owner of the indebtedness secured by the hereafter described deed of trust or mortgage and 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). I request that this certificate of satisfaction be recorded and the above-referenced security instrument be canceled of record.
(Signature of owner of note)
[Acknowledgment before officer authorized to take acknowledgments]. (1995, c. 292, s. 3; 2005-123, s. 5; 2006-226, s. 27(a); 2006-264, s. 82(a).)