Get the free Satisfaction of Security Instrument - Buncombe County Government

State of North Carolina County of BuncombeSatisfaction of Security Instrument G.S. 4536.10; G.S. 4537 (a) (7)The undersigned is now the secured creditor in the security instrument identified as follows:Type

How to fill out satisfaction of security instrument

How to fill out satisfaction of security instrument

1. Step 1: Obtain the satisfaction of security instrument form from the appropriate authority or institution.
2. Step 2: Gather all the necessary information for filling out the form, including the details of the security instrument, such as the loan or mortgage information.
3. Step 3: Fill out the form accurately and completely, providing all the requested information in the designated fields.
4. Step 4: Review the filled form for any errors or omissions, ensuring its accuracy.
5. Step 5: Sign the form and date it as required.
6. Step 6: Submit the completed satisfaction of security instrument form to the relevant authority or institution.
7. Step 7: Keep a copy of the filled form for your records.

Who needs satisfaction of security instrument?

1. Individuals or entities who have satisfied the terms and conditions of a security instrument, such as a loan or mortgage, may need a satisfaction of security instrument.
2. Lenders or financial institutions who have received full repayment or satisfaction of the secured loan or debt also require a satisfaction of security instrument to release the lien on the property or asset.

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What is satisfaction of security instrument?

Satisfaction of security instrument is a document signed by a lender acknowledging that a mortgage or deed of trust has been fully paid off.

Who is required to file satisfaction of security instrument?

The lender or their authorized agent is required to file satisfaction of security instrument.

How to fill out satisfaction of security instrument?

Satisfaction of security instrument can be filled out by providing information such as the borrower's name, loan number, property address, and recording information.

What is the purpose of satisfaction of security instrument?

The purpose of satisfaction of security instrument is to officially release the borrower from their mortgage or deed of trust obligations.

What information must be reported on satisfaction of security instrument?

Information such as borrower's name, loan number, property address, and recording information must be reported on satisfaction of security instrument.