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Canceling Deeds of Trust and Mortgages By Recording a Notice of Satisfaction


Abstract:
The 1987 NC General Assembly enacted a statute to allow a trustee to cancel a deed of trust by recording a notice of satisfaction. This bulletin attempts to answer some of the questions registers of deeds continue to have regarding this method of cancellation. Campbell discusses three topics in the Bulletin: execution of a notice of satisfaction by the trustee or mortgagee, the necessary elements of a notice of satisfaction, and the register's entry of satisfaction when the notice is recorded.
Source:
Land Records Bulletin (NoCar KFN 7527 A45), Vol. Issue 12, May 1990, p1-2
Record #:
20484