Mortgage Release Form (Satisfaction of Mortgage)

Create Document

A mortgage release form is used to certify the full repayment of a mortgage and release the lender’s lien on the property. The form gets recorded by the lender at the local land records office once the loan has been fully repaid, demonstrating that the borrower fulfilled their mortgage obligations and has clear ownership of the property.

Mortgage Release Form (Satisfaction of Mortgage)

A mortgage release form is used to certify the full repayment of a mortgage and release the lender’s lien on the property. The form gets recorded by the lender at the local land records office once the loan has been fully repaid, demonstrating that the borrower fulfilled their mortgage obligations and has clear ownership of the property.

Create Document
PDF
Word (.docx)
OpenDocument
PDF
Word (.docx)
OpenDocument

Last updated March 27th, 2024

Document Preview

A mortgage release form is used to certify the full repayment of a mortgage and release the lender’s lien on the property. The form gets recorded by the lender at the local land records office once the loan has been fully repaid, demonstrating that the borrower fulfilled their mortgage obligations and has clear ownership of the property.

Downloads: 520
  1. Home »
  2. Liability Forms »
  3. Mortgage

Recording Deadline

While the specific deadlines vary from state to state, lenders will generally have to record the mortgage release within 30 to 90 days after the loan is paid off. Recording will take place at the office of the county clerk, register of deeds, or other government agency responsible for maintaining property records. Lenders should contact the office to determine the applicable filing deadline.

Note: If the mortgage has been sold by the lender, whichever entity owns the mortgage at the time of the final payment will be responsible for recording the release.

Sample

Download: PDF, MS Word, OpenDocument

SATISFACTION OF MORTGAGE

I, the undersigned owner of a mortgage, and of the indebtedness secured by it, made by [MORTGAGEE’S NAME] to [MORTGAGOR’S NAME] for [AMOUNT (WRITTEN)] Dollars ($[AMOUNT (NUMBERS)]) on [MONTH AND DAY], [YEAR], and recorded in Book [BOOK NUMBER], Page [PAGE NUMBER] in the office of the [OFFICE NAME] in [COUNTY] County, [STATE], do acknowledge that the above-described indebtedness has been paid, and by this instrument do cancel the above-described mortgage.

Dated: [MONTH AND DAY], [YEAR]
Signature: _______________
Print Name: [MORTGAGE OWNER’S NAME]

STATE OF [STATE]
COUNTY OF [COUNTY]

I hereby certify that on this day, before me, an officer duly authorized in the aforesaid county and state to take acknowledgments, personally appeared [MORTGAGE OWNER’S NAME], to me known to be the person(s) described or who identified himself/herself/themselves to be the person(s) described by means of [TYPE OF IDENTIFICATION] and who executed the foregoing instrument and acknowledged before me that he/she/they executed the same for the purpose expressed.

Witness my hand and official seal in the county and state aforesaid this [DAY] day of [MONTH], [YEAR].

Signature: _______________
Print Name: [MORTGAGE OWNER’S NAME]
My Commission Expires: [DATE]