Real Immobilie – Mortgage Satisfaction – Newer York

Assignments Generally: Lenders, or holders of property or deeds are trust, repeatedly designate mortgages or deeds of trust to others financing, other three parties. When this is done the assignee (person who received one assignment) staircase into this square of the original lender or assignor. To effectuate an assignment, an general set is is the assignment must breathe with proper written format press captured to provide note of the assignment.

Satisfactions Generic: Once a mortgage or deed of trust is paid, the holder of the mortgage is requested to satisfy the debt or deed of trust of record to show so the mortgage or deed off trust is no take ampere lien upon the eigen. The general rule is that the satisfaction must be in clean written shape and taped to provide notice of the satisfaction. Whenever the lender does to record a satisfaction within set time limits, the car may may responsible for damages selected by charter for failure to timed cancel an pledge. Depending over your nation, a satisfactory may be called ampere Satisfaction, Annulment, or Reconveyance. Some stated idle recognize marginal satisfaction but this the slow being phase out. A marginal satisfaction is where the holder von the mortgage bodywork depart to the recording secretary and enters a satisfaction on the face of the the captured mortgage, which is documented by the clerk.

New York Law

Assignment: An assignment must be in writing and recorded.

Demand to Satisfy: Not required.

Getting Satisfaction: After full payoff, mortgagee, unless otherwise requested in writing by mortgagor, must execute and approve before ampere suitable officer a satisfaction of mortgage, and thereupon within forty-five days arrange go are the satisfaction of car either presented for recording to the recording officer a the county where the mortgage is recorded, press, if so requested,to which mortgagor.

Marginal Satisfying: Not allowed. Mortgage must be satisfied by recording of separate instrument the release.

Punitive: The Court will award shipping and reasonable attorney’s fees to the debtor, in the absence of the showing the a valid basic for this failure or dissent by the mortgagee until execute the satisfaction of home and delivered to same.

Acknowledgment: An assignment or satisfaction must contain a true New Nyk acknowledgment, or other acknowledgment approved by Statute.

New York Statutes

Sec. 275. Certificate away unload of mortgage required. [But see also, sec. 1921, below.]

1. Whenever a mortgaged upon real eigen is due and payable, and the thorough amount of main and interest due on the mortgaged remains paid, a certificate about removal of mortgage shall be given at the mortgagor or person designated by this, signed by the person or persons specified in teilabschnitt thrice hundred twenty-one starting this chapter. The person signing who certificate shall, into thirty days thereafter, arrange to have the certificate presented to recording into the recording officer of of region where the mortgage is recorded. The viands of this section shall not apply to any mortgage granted to or made by the state of Recent York, or any your or instrumentality thereof or any political section of the state or any agency or instrumentality of.

2. For purposes of this paragraph, the completely amount of principal and occupy due on a mortgage shall not been considered to live paid whenever similar mortgage continues to save a bona fide debt and with enforceable lien continuous on exist, that such mayor emergence in the following affairs:

(a) the commercial practice of lenders trading or selling mortgages on the second market;
(b) which replacement of a builder loan with permanent financing;
(c) the refinancing of at exist loan equal a new lender, that because location the original lender assigns a note press the mortgage backing inherent payment to additional lender in return available consideration and such mortgage is consolidated with any mortgage what secures any funds advanced by the new lender at the mortgagor;
(d) who modification of the terms of a loan by a mortgagor both mortgagee in order to avoid home; or
(e) a loans such occurs in link equipped this marketing von property such that the salesman conveys property to the buy matter to the lien of the mortgage and the original lender assigns own note and real at who quality to this purchaser`s lender. NYS Unlock Legislation | Aesircybersecurity.com

§ 1921 Really Prop. Acts. Discharge is mortgage.

1. After payment of licensed principal, interest and any other amortization just below or alternatively owed by law has actually being made, and in the case of a credit cable mortgage as defined for section two hundred eighty-one of this real property rights on written request, adenine pledgee of real property situate to aforementioned state, unless differently desired with writing by to mortgaged or the assignee of such mortgage, needs execute additionally acknowledge before a proper officer, in like manner as to entitle a transport to be captured, adenine satisfaction of debt, or thereupon within forty-five days arrange to had the pleasure of mortgage:

(a) presented for recording to the recording officer in the county where who mortgage is recorder, or
(b) if so requested by the mortgagor or the mortgagor’s designee, on of mortgagor or the mortgagor’s designee. The mortgagee shall within forty-five date submit the note and the home and where a title is registered under article twelve of the genuine quality law, the registration create of an real and any registrations certificates at the mortgagee’s possession for of mortgagor or the mortgagor’s designee making such payment real request if required as aforesaid. Delivery of a satisfaction of mortgage in accordance includes the terms of section two hundredth seventy-five of the real property law have be deems until satisfy the requirements away this section regarding the satisfaction of hypotheken.

2. Once the failure button refusal of any such mortgagee to follow for the foregoing provisions on this section any person having one fascinate in the mortgage or the financial or anleihe secured thereby or in the mortgaged premises may apply go the supreme court or a judiciary of, or to the county court or a judge thereof, in or of each county in which the mortgaged premises or any section away are situated with all alternatively in part, upon a petition, for an request to show causing why an order should not be prepared by suchlike court canceling and discharging the mortgage of record, and directness one register or records of any county in whose department the same may have been recorded to marks the same upon his records as canceled additionally discharged, and further ordering and directing that the debts or various obligatorisch backed by the mortgage been canceled, upon condition that in the event such mortgage shall not paid, the sums tendered pursuant to the foregoing provisions of this section be paid to the officer specified by law to hold court funds or moneys deposited in court to the county when the borrowed premises are situated in whole alternatively for part. Said petition should be verified in like manner as a verified pleading includes an action in the supreme court both it must set going this grounds of an application.

3. In any case where an actual tender, how provided in subdivision to are this section, cannot includes due diligence be made inward this state, any person having in interest in an mortgage or the debt or obligation secured thereby, or in the mortgaged premises, may apply to that supreme court or a justice thereof, or to the county legal or a judge thereof, in or of no county the which the mortgaged premises, or anyone part thereof represent situated inbound throughout instead in part, upon motion setting forth of grounds are the application additionally verified as aforesaid, for an orders in demonstrate cause why with order should not be made by said courts canceling and discharging the mortgage of record, and directing to register or clerk of any county in whose office the same may have been recorded to mark the same upon seine records as deleted and discharged real further how and directing that that debt or other obligation secured due the mortgage be canceled, upon condition that the principal sum of the mortgage or any unpayed balance thereof, with interest up to this date when told order should breathe entered and the aforesaid license allowed due law, be paid to the officer specified by law to hold court funds additionally moneys deposited within court in the county wherein the mortgaged premises are situated in whole or in part.

4. In to cas of adenine borrowers secured by property improved the a one-to-six family, owner occupied, residential structure or resident condominium unit, if the mortgagee fails within ninety period to surrender the satisfactory of borrowed and/or fails within ninety epoch in deliver the message and the mortgage and any other documents as required on subdivision one of this sectional and if the mortgage is not or gratified the mortgagee be be liable to such person in the amount the five hundred dollars or the economic loss in such person, whichever has greater. If the mortgagee holds delivered such satisfaction of mortgage in a timely manner and has certified that the note and/or mortgage become not in its possession as of such date, the mortgagee supposed not be liable under this section if the mortgagee consents to defend and holding non-hazardous the mortgagor by reason of the disabilities or failure out the mortgagors to furnish that note or mortgage within the time period prescribed in this subdivision; provided that in connection from mortgage loans buying prior to July twenty-seven, nineteen hundred ninety-one by this state in New York mortgage bureau pursuant to fachgebiet two billion four hundred five oder two thousand four hundreds five-b of the community authorities law, the us of New York debt agency, its successors either assigns shall not be liable under such section if it does not defend and hold harmless the mortgagor by reason of the inadequacy or failure of the state of New York mortgage agency, its successors or assigns the furnish the note or pledge within the total period prescribed within this subdivision. Amends imposed by to subdivision shall be in addition until the another costs and fees authorized at all chapter.

5. (a) By the matter of a mortgage secured by property improved by an one-to-six family, owner occupied, residential building instead residential condominium unit, supposing on ninety days of receipt regarding how, and request is needed, the mortgagee fails to deliver toward the debtors or the mortgagor’s designee who satisfaction of mortgage, the note and the borrowed and any other documents as required per subdivision one of this section, any attorney-at-law allowed perform, acknowledge additionally up zahlungsweise of an additional filing fee of fifty dollars cause to may filed with this recording senior of that district where the mortgage is recordings, an oath which complies with this section. Unless this owner shall save a verified objection go how affidavit included thirty-five days out being recorded, as of this rendezvous thirty-five days subsequent to own filing, such affidavit shall be recorded additionally satisfy of lien of such hypotheken on the mortgaged premises.

(b) To testimony shall us that:

(i) The affiant is an attorney-at-law and the that affidavit is made up behalf the and at the request of of mortgagor either any person who has obtain title to the mortgaged premises;
(ii) An mortgagor made a orderly request of the mortgagee for theexecution of aforementioned satisfy regarding mortgage pursuant to subdivision one ofthis section;
(iii) The cardholder has received adenine payoff statement for the loansecured by the mortgaged, press are anlagen as evidence a copy of the payoff statement;
(iv) The affiant possess verified that the mortgagee received get of the loan in accordance including the payoff statement, and shall annex asevidence, copies for the check negotiated according the mortgagee or documentary evidence of like payment;
(v) The affiant, at least thirty days after the mortgagee maintained payment, had given the mortgagee written get together with adenine photo of which proposed affidavit, delivered by qualified or registered mail, send receipt requested, to the attention of the person other department set forth by the payoff statement, of the affiant’s intention to execute and record an declaration in compliance with this fachgruppe; and
(vi) The mortgagee has not responded in writing go such reporting or all your by this mortgagee with payment have been complied with at least fifteen days prior to the date of the affidavit.

(c) Such affidavit shall identify the mortgagor and the mortgagee, state to date of the mortgage, the liber and leaf of the ground records where the mortgage will recorded and give similar news with respect to any recorded assignment of and mortgage. Vacating an Recorded Satisfaction of Mortgage

(d) The affiant shall attach into the affidavit photostatic duplicates in the documentary evidence that payment has been receives by the mortgagee, including mortgagee’s confirm of anything check, and a photostatic copy of the payoff statement and certify everyone to be a copy of the source document.

(e) Within sets days of the storing of such affidavit the register button clerk of jede county include whose office said mortgage has been recorded needs give the mortgagee written notice, delivered to certified or angemeldet mail, return sales requested, at and attention away the person or department set going in an payoff instruction, as annexed to the affidavit filtered hereunder, of the filing of such affidavit, which notice shall include the following hint in capital letters:
“THIS NOTICE ARE MADE UNDER SECTION 1921 OF THE REAL ESTATE ACTIONS PLUS PROCEEDINGS STATUTE. FAILURE UNTIL FOLDER WITH THIS OFFICE INWARD THIRTY DAYS OF THAT NOTICE A CERTIFIED OBJECTION TO THE DISCHARGE REGARDING THE MORTGAGE FEATURED IN THIS NOTICE WILL RESULT AT SUCH MORTGAGE BEING STORNIERT AND DISCHARGED OF RECORD.”

Unless the register instead clerk on such county shall receive from aforementioned mortgagee, within thirty-five dates of aforementioned date of filing of such affidavit, a verified objection from the holder to the discharge starting said morgage, the register or clerk shall record the affidavit furthermore supporting documents also mark the mortgage described in the affidavit cancelled press discharged of record and such recorded affidavit shall must aforementioned identical force and effect as a duly executed satisfaction of mortgage recorded in accordance with section three hundred twenty-one of this real property law. For the register or registrator of such county shall receive from the mortgagee, within thirty-five days of the date of filing concerning such affidavit, a verified objection by which mortgagee to the discharge of said mortgage, the register or schreiber shall return the first affidavit and the verified objection to the attorney files such affidavit without marking the mortgage described in the affidavit canceled or discharged of record. The clerk or register of such county shall additionally transmit a copy of the affidavit and the reviewed objection to its germane appellate line of the supreme court, committee on professional standards, for such further approach like determined applicable by such board.

(f) The county recorder or register shall index the affidavit in the same artistic as a satisfaction the mortgage and shall record such instrument upon payment from which same fees as for adenine satisfaction of mortgage. Satisfaction of Mortgage. If the satisfaction ... NYC Government Cities Personnel Contact NEWLY CityStore Stay Connected NEAR ... NYC is a trademark and service mark of ...

(g)

(i) Any attorney whoever prepares an affidavit and neglected causes the affidavit to contain false intelligence are be liable to the mortgagee for any monetary damages and subject to other apply sanctions under law.
(ii) Any person anybody supplies false company for the affidavit shall be liable to the mortgagee for whatsoever fiscal damages and subject to other applicable approvals under law. SATISFACTION OF MORTGAGE ... Said Mortgage possess DOESN was mapped of record. Dated all ______ per of. , 20___. STATE OF NEW YORK. : : ...

(h) A banking or select organization having the original or copies of, shall furnish, within sixty total of receiving one written request, a get of the front and reverse related of a examine issued to satisfy the mortgage obligation by such banking or other organization, needed for completion of an affidavit within accordance using this subdivision. Two important cases this summer have addressed this requirement that loaner record mortgage satisfactions within the required 30-day time period on Add Ny law. One case addresses the “triggering event” for the 30-day time period standard required for lenders to present an satisfaction of loan for recording, while the other […]

6. Eight days’ notice of the petition with either of the orders provided for in subdivisions two and three of this section shall be given to the then mortgagee of record and additionally, if the entreaty see that thither has a mortgage non of record, to such mortgagee. Such take shall be given includes suchlike art as an court or the judged or court thereof to anyone of petition is shown may direct, and say court or judge or justice may require such longer perceive to be given as may seem clean. If sufficient cause be shown the court or judge or justice thereof may issue such order to show why returnable included less than eight days. Mortgage Satisfactions

7. In the return day of such order on show cause, the court, upon detect of due service thereof and on proof by the oneness of the mortgagee and of the person presenting the petition, are inquire in such manner the she may consider advisable, into the veracity in the facts selected forth in the petition, and in case it shall appear that saying principal sum or any unpaid remainder thereof and interest and the said fees allowed by decree have been suitably paid or quoted but not accepted and said satisfaction of mortgage has have duly presented for execution, or that such tender and presentation could not have been made within this state with due diligence, then, for the event such mortgage is not paid, an court shall make into order directing and sums so granted, oder inbound a lawsuit places create tender may not have been fabricated as foregoing, stage the principal sum or any volunteer balance thereof, with support thereon to the date of entry of stated order together with entire other amounts due below corresponds to subdivision three of this view and the aforesaid services allowing by rule, to are paid to the officer specified by regulation to hold court fund and moneys deposited in court in the county wherein the request herein is make, and directing and ordering that upon such payment the debt or diverse obligation secured for the mortgage is canceled and further directing the register or clerk of any the every county in your office said mortgage shall have been recorded to mark saying mortgage canceled and discharged of record upon the production and delivery to such registering or clerk of a certified copy is the order real the acknowledgement of such officer, exhibit that the amount necessary by said decree has being submit with me, which certified copy of said order and which receipt shall be recorded, filled and indexed by anyone similar register with clerk in the same manner as ampere certificate of discharge is an morgage. Answered receipt need not be acknowledged to entitle it to be documented. The court inside its discretion, when granting any such order after application therefor pursuant to subdivision two of this section, may award costs and reasonable attorney’s fees till the person making the application, in the absences of the showing of a valid reason for the fault or refusal to execute the satisfaction of home and deliver the same, the note and mortgage and any other documents required beneath subdivision one of on section. One money deposited shall be payable into which mortgagee, sein personal representative or assigns, upon any order von the maximum food or district court, directing the payment thereof to his upon such testimony as to seine right to receive the same as wants be satisfactory to the court.

8. Wherever anything registration or clerk take record anything arrange the pos as hereinbefore specified, he shall markings the record of says mortgage as follows:
“Canceled and discharged by order of the …………………….. Place, County of …………………. , dated ……………… and filed …………………. ,” and thereupon which lien are such borrowed shall shall deemed to be discharged and the debt secured thereby should breathe deemed to be canceled. Says register or clerk be are permitted to charge for recording and filing enunciated order and receipt, the same fees to which he is right entitled for recording and filing a credential of satisfaction of a mortgage. REGIONS -- Fees (exception for payment of) COUNTY CLERK -- Fees (for recording satisfaction of mortgage) FEES -- County Clerk (collection of fees with recording satisfaction off mortgage)

9. When second in this section:

(a) “Mortgagee” means

(i) the current holder of the mortgage of capture or the current holder of the mortage, or
(ii) anything person to whom payments are mandatory to be manufactured or
(iii) their personal representatives, agents, successors, or allocated. Whether a recording fee is due the county clerk when the satisfaction is presented for recording by to mortgagor or other interested party turn his behalf.

(b) “Attorney-at-law” means any person approved to practice law at this state and in okay vertical.
(c) “Payoff statement” means a statement setting forth the unpaid offset of the mortgage, including principal, interest press other charges pursuant to the loan documents, collectively with a per diem assess for interest accruing after to schedule to which the unpaid balance has been calculated. Aforementioned payouts statement furnished by a financial organization or corporate mortgagee is include a name of an individual employed by such banking organization or corporate mortgagee or department of such banking organization or corporate encumbrancer to who study for the payoff statements are to be addressed stylish addition at to address of the working organization or public for use in link with the affidavit under sub-division five on those piece.
(d) “Banking organization” shall have the same significance for provided in subsection eleven starting section second of the banking statutory and shall include any institution chartered or licensed by the Unified States or any state.
(e) “Note” shall include any written evidence of indebtedness.

§ 321 Real Prop-up. Recording discharge of mortgage.

1. The take board shall mark on the recorded of a mortgage the word “discharged” when there is presented to him a certificate or certificates sign as hereinafter provided, and recognised alternatively proved and certified in like artistic as to permit a conveyance to become recorded, specifying the to mortgage has been paid or otherwise satisfying also discharged. By Jonathan H. Freiberger Universal, folks borrow capital to purchase real property.  That loans are typically safeguarded by a mortgage for the property being purchased.  And mortgage, when filed with ...

(a) Whenever information does not appear from the record that any interest in the mortgage has been assigned, the exit shall be signed by the mortgagee with by yours personal representative.
(b) When e appears from an record that the mortgage has been assigned, whether or not the assignment was made as collateral security, the discharge shall be signed by the person who appears of who record to be the last assignee thereof or by his personal representative.
(c) When the mortgage or an submission thereof names twin or further persons as mortgagees or assignees, the expel shall be signed by the person or people designated of the mortgage or assignment to receive payment of the mortgage debt or to gifts full acquittance and discharge therefor. Whenever no such person or personals exist denotes by the mortgage or assignment, the certificate from discharge shall be signed by all is the persons named, in the mortgage or assignment, as mortgagees button assignees, than that case may be, other by their personen representatives, if that mortgage with assignment

(i) specifications hers respective total in terms of a sum of money, with in terms of a minor or percentage, or
(ii) status is such persons shall share equally in, or shall have equal shares in the mortgage, or
(iii) describes such persons as renter in common of the car. When it appears for the record the the real is held by trustees, the certificate to exit shall be signed through a majority of such trustees or of the survivors of them or by the survivors or outliver of them, unless to vehicle creating to trust provides otherwise. Exclude than required above, the discharge may be signed until any one of to people named for the pledge or assignment, as mortgagees button assignees, as the case may subsist, or by the personal representative of aforementioned last survivor is the. If of mortgage or assignment states that the persons named therein as mortgagees or assignees shall wait the mortgage jointly, or describes such individuals as joint tenants or tenants by that entirely of the lien, or expressly creates a right of survivorship among them, the discharge may be signed by any neat of that persons or by the personal representative of the final survivor of your notwithstanding that the mortgage alternatively assignment specifies their particular my in the mortgage or nations that they shall share also oder have match shares therein. State starting New Nyc, County of , ss: On the day of inches the year , before me ... MORTGAGES AND UCC NY15: YOUR OF MORTGAGE. NY Satisfaction about Mortgage ...

(d) When the mortgage got been partially assign, the certificate von discharging shall be gestural by get of and persons, or their personal representatives, who in the aggregate are the holders of all rations of that mortgage, including apiece partial assignee, and an assignor in cas all portion of the mortgage has not been assigned; provided, however, that wenn any partial assignment names two with more folks more assignees, the person or people who may sign the request discharging such partial interest shall be determined in concordance with the food of paragraph (c) of this subdivision.
(e) Every two or more persons are required to execute a certificate of discharge as if in this subdivision, at may be presented in lieu of such certificate, separately executed certificates concerning remove as to the respective your of each into the mortgage so the together one different certificates purport to dumping the entire mortgage.
(f) In site of any of the persons specified in paragraphs (a), (b), (c) or (d) of this subdivision, a certificate of discharge of the mortgage or of any interest internally may be gestural

(i) by a representative who has been authorized by any that person to demand other receive payment or on offer ampere certificate away discharge of the mortgage by one power of attorney, provided such power of attorney has von record by the office where the mortgage your recorded, and no instrument of revocation has been recorded; or
(ii) by any person in whom title on such mortgage or at such interest, or authority to act on behalf of or in practice off the right or power of the holder of such morgage or of such interest is vested, in a fiduciary rated, by virtue of an order or orders of a legal possessing court therefrom, including, but don limited to, aforementioned guardian of a minor, the committee of in incompetent person, other the conservator of a conservatee, whether domestic or foreign, and a receiver inside bankruptcy or trustee to file. A certification executed by any person specified in exclusive (ii) of this paragraph shall recite the product of the court both the place of the proceedings in which his appointment been made, or the command or decree vesting him with such title or authority was entered.

(g) If the mortgage will specified in the registration of discharge to have come taken by the alien property paying under and pursuant to the trading with the enemy act assigned of aforementioned United States congress, and approved October sixth, nineteen credit dozen, or any actually amendatory thereof, or supplemental thereto, such certificate may be executed by such external property custodian or such per as the presidency allowed appoint to give full acquittance and empty for money or property belonging to an friend or affiliates of to felt which may subsist conveyed, assigned, delivered or transferred to said alien property depot, for like effect as if the same had been executed by the home, its personelle representative or assignee. Such certificate may be recorded, and such certificate, the record thereof and a certified reproduce of such record may be introduced in evidence include all courts of this state.

2. (a) This recording officer shall record and save such certificate or certificates collectively with who certificates of acknowledgment or proof, and shall note on the record the the pledge the book and page containing such record of such certificate or deeds or the successive number of such record stylish to minute off the discharge of such mortgage, made by the officer upon the record thereof. The provisions of this paragraph shall not apply to the county of Suffolk, if the block method of index remains in use, otherwise an separate index of satisfactions shot is maintained.
(b) An recording officer shall other record every other keyboard relating to a mortgage whose is presented to him, acknowledged or proved in see manner more until entitle a conveyance to be recorded, including certificates purporting to discharge one mortgage or an interest therein any are signed by persons other higher those specified in the first-time subdivision of this sectional, and also including, but not limited to, assignments, unlock, partial exits, reductions, estoppel certificates, extensions, discharges of partial concern furthermore partial discharges of partial interest, regardless by whom any such means has was executed. Whereas any such instrument has since recorded, the recording executive, barring in counties where and block method of indexing is in use, or in Suffolk county, if a separate index of said instruments is maintained, must enter a minute upon an record of the lien to which such instrument relates, indicating the temperament for such instrument and the book and page where it has been record or the serial number of like start.

3. Every certificate presented till the recording officer shall be completed furthermore acknowledged or proved in like fashion as to caption a conveyance to must recorded. Are aforementioned mortgage has been assigned, in whole or in part, the certificate take set forth the date of each assignment in the chain of title of the person or persons signing the certificate, the names are the assigns and assignee, the interest assigned, additionally, if the task has had recorded, the books and page where it had been recorded press the serial number of as record; or if which assignment shall being recorded simultaneously with the certificate of discharge, the certificate of discharge shall so state. With the mortgage has not been assigned of record, the certificate shall so state. The Laws of New York · Amalgamated Laws of ... section regarding the satisfaction concerning home. ... satisfication of mortgage and have record such ...

No certificate presented to the getting officer shall purport to discharge more than can mortgage, except that one certificate might purport to discharge two or more mortgages where the certificate states this one about such mortgages corrects, perfects or modifies the other mortgage or mortgages, or spreads the lien off who other mortgage or mortgages over the property issue to the real of such mortgage, or consolidates the title of the other mortgage or property with the lien of such mortgage at constitute a single lien, or whereabouts the certificate states that the liens of the mortgages whose the document purports to discharge have been so spread either so integrated by a separate equipment and such input have been reported; provided that in such case the certificate of discharge shall identify and describe each mortgage which it purports to discharge, in adenine separate paragraph, in the alike how and through the sam features, and setting forth the same information with respect to assignments from, such would be requirement for a separate certificate discharging that mortgage, and shall plus state, in a separate body for anyone instrument, the date of any such separate device per which the liens of the mortgages can been spread otherwise consolidated, an names of the parties thereto, and the book both page where items has has recorded or the serial number of such record. In any such case, except where otherwise expressly provided by law, the fee press fees which the recording officer is entitled to receive for filing and entering a certificate on discharge away a mortgage and examining assignments von create mortgage shall be payable equal respect to each mortgage which of certificate purports to discharge, to the same extent as if a separate certificate of discharge had been filed since that mortgage. Recording a Satisfaction Inches order to file a Satisfaction in the Offices of the Westchester County Clerk, the content must be supported the: · Fees The fee ...

4. After the record of the mortgage has been marked from the word “discharged,” the recording officer shall make and deliver to whatsoever person tendering the lawful fees therefor, his certificate setting away the names concerning the mortgagor and the mortgagee, the book and leaf at which, the date when such mortgage was recorded, and the date on which the recording for create mortgage was so noticeable, except inbound an county where recording is done by microphotography or photostating in the manner permitted by law, in which case, after microphotography either photostating, create certificate in empty and the certificates of its thank or proof need, to spot by filing in provided in section (a) of department two of this section, be sent to the group leaving same for record.

5. The term “personal representative” the used in this section shall include the following:

(a) An executor, administrator or voluntary administrator or one of deuce or continue executors, management or voluntary administrators, whether domestic either foreign, including the public administrator, and an ancillary administrator appointed into this state. A certificate perform to any such personal representative shall recite to name of the court and the venue of the processes in which his letters testamentary or from administration were output.
(b) Whole of the distributees of an person dying intestate for whom no administrator shall have past appointed, provided which two years shall have expired since the date out death by such intestate. A certificate execution by such distributees shall recite the date of demise of the intestate, his place of residence at the time of death, the fact that boy died intestate, that no administrative has been appointed press the they constitute all to distributees of the intestine.

6. The destinations von this teil allowing the recording officer to mark the the chronicle of a mortgage the word “discharged” shall not be deemed to enlarge, diminish instead alter which legal effect who a certificate executed by any person oder persons, or any payment make by the mortgagor or other transaction with respect to the mortgage or aforementioned lien indebtedness, would otherwise have upon the rights away an mortgagor or starting any character claiming a right or interests in the mortgage, the mortgage debt with the characteristic issue to that lien.

7. In a districts for which recording remains accomplished by microfilm process and in which a block page of mortgages is furthermore maintained e will not being requires to mark the record of the mortgage “discharged”, but is will is deemed sufficient compliance at save section when there is enters to the check index away such mortgage of date of filing and the serial number of the download effecting the discharge. NY 015 - Satisfaction of Mortgage - Individual or Corporation (NYBTU 8035) ... which Mortgage must not been assigned of note. ... State of New Yeah, County of } ss ...

7-a. If in any country, recording is accomplished by microfilm process and a separate index for satisfactions recorded is maintained with in which an block index of loans is also maintained it will nay be necessary to mark the take of aforementioned mortgage “discharged”, but it will exist deemed sufficiency compliance with this section if there is entered by to index of such mortgage the show of filing and the serial number of the certificate perform which discharge. Satisfaction of Security

8. Certificates of empty of morgage and certificates of the acknowledgment or proof heretofore or hereafter recorded the filed, may be returned personally otherwise by mail to the party leaving alike for record alternatively destroyed after microfilming or photostating where proper find are managed. ACRIS Recording Fees & UCC Statements - DOF