When a New York mortgage is paid off, the holder signs this satisfaction so the County Clerk can discharge the mortgage from the records. Private lenders and family loans often need it. Document payoff so a recorded mortgage can be discharged.
Serving New York. New York appointments require New York-commissioned notaries.
Document payoff so a recorded mortgage can be discharged.
When a New York mortgage is paid off, the holder signs this satisfaction so the County Clerk can discharge the mortgage from the records. Private lenders and family loans often need it.
What you'll need
Read this packet's instructions and confirm the recipient's required form.
Gather the names, dates and supporting records requested in the PDF.
Bring acceptable identification for any required notarial act.
How to complete it
Record and return to (top of Page 1) Enter who should receive the recorded original, and the tax map Section, Block, and Lot. Leave the space above the dotted line blank for the County Clerk.
Who signs The current holder of the mortgage (or its authorized officer).
Sign before a notary (Page 3) Bring a current, government-issued photo ID.
Record the original with the County Clerk of the county where the property is located (in New York City, the City Register through ACRIS).
New York law requires the holder to deliver a satisfaction within 30 days after the loan is paid off.
Describe the note, ownership and circumstances of its loss for the New York recipient. The affidavit alone does not establish every condition needed to enforce the debt or release recorded security.
In New York, real estate loans are secured by a mortgage (not a deed of trust). Use this form for a private, family, or seller-financed loan. The borrower signs it, and it is recorded.
Record the principal, payment dates, interest and other loan terms in the New York note. Interest and charges need legal review; a notarization does not establish that a loan's terms are enforceable.
These forms are a free convenience, not legal advice. First Choice Mobile Notary & Apostille is not a law firm. Consult an attorney licensed in the relevant state for legal questions.