Satisfaction of Security Instrument (G S 45-36.10; Gs 45-37(A)(7) - North Carolina

The Satisfaction of Security Instrument in North Carolina refers to the legal document that is filed by a lender or mortgage holder once a loan has been paid off in full. It serves as proof that the mortgage or deed of trust on a property has been satisfied and released.

In North Carolina, the satisfaction of a security instrument is typically filed by the lender or the mortgagee.

FAQ

Q: What is the Satisfaction of Security Instrument?
A: The Satisfaction of Security Instrument is a legal document used in North Carolina to show that a mortgage or deed of trust has been paid off.

Q: What is G S 45-36.10?
A: G S 45-36.10 is a section of the North Carolina General Statutes that governs the satisfaction of security instruments.

Q: What is Gs 45-37(A)(7)?
A: Gs 45-37(A)(7) is another section of the North Carolina General Statutes that provides further details on the satisfaction of security instruments.

Q: What does the Satisfaction of Security Instrument do?
A: The Satisfaction of Security Instrument releases the lien on the property and indicates that the borrower has fulfilled their obligation to repay the mortgage or deed of trust.

Q: How is the Satisfaction of Security Instrument recorded?
A: The Satisfaction of Security Instrument is typically recorded with the county register of deeds where the mortgage or deed of trust was originally recorded.