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NOTICE OF STATUTORY CHANGES TO SATISFACTION METHODS
NC Session Law 2005-123 (Senate Bill 734)
Satisfaction of Mortgages and Deeds of Trust

Viewable at:
http://www.ncga.state.nc.us/Sessions/2005/Bills/Senate/HTML/s734V5.html
  • Simplified satisfaction forms as outlined in statute will reduce rejections
  • Old Certificate of Satisfaction and Notice of Satisfaction forms are still valid but Affidavit of Lost Note no longer required
  • Registers no longer required to verify reference information on satisfaction documents
  • Presentation of original security document accompanied by original note with endorsement of payment is still a valid form of cancellation
  • SB 734 simplifies verification of information in notary by registers of deeds
Returned documents will no longer contain:
  • Statement of cancellation signed by register of deeds
  • Certification of acknowledgment signed by register of deeds

There continues to be no fee for satisfaction documents.



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