reglab/housing_qa huggingface dataset:
NC Gen Stat § 45-36.3 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 4 - Satisfaction.|§ 45-36.3 - Notification by mortgagee of satisfaction of provisions of deed of trust or mortgage, or other instrument; civil penalty.

 45-36.3. Notification by mortgagee of satisfaction of provisions of deed of trust or mortgage, or other instrument; civil penalty.(a) After the satisfaction of the provisions of any deed of trust or mortgage, or other instrument intended to secure with real property the payment of money or the performance of any other obligation and registered as required by law, the holder of the evidence of the indebtedness, if it is a single instrument, or a duly authorized agent or attorney of such holder shall within 60 days:(1) Discharge and release of record such documents and forward the cancelled documents to the grantor, trustor or mortgagor; or,(2) Alternatively, the holder of the evidence of the indebtedness or a duly authorized agent or attorney of such holder, at the request of the grantor, trustor or mortgagor, shall forward said instrument and the deed of trust or mortgage instrument, with payment and satisfaction acknowledged in accordance with the requirements of G.S. 45-37, to the grantor, trustor or mortgagor.(b) Any person, institution or agent who fails to comply with this section may be required to pay a civil penalty of not more than one thousand dollars ($1,000) in addition to reasonable attorneys' fees and any other damages awarded by the court to the grantor, trustor or mortgagor, or to a subsequent purchaser of the property from the grantor, trustor or mortgagor. A five hundred dollar ($500.00) civil penalty may be recovered by the grantor, trustor or mortgagor, and a five hundred dollar ($500.00) penalty may be recovered by the purchaser of the property from the grantor, trustor or mortgagor. If that purchaser of the property consists of more than a single grantee, then the civil penalty will be divided equally among all of the grantees. A petitioner may recover damages under this section only if he has given the mortgagee, obligee, beneficiary or other responsible party written notice of his intention to bring an action pursuant to this section. Upon receipt of this notice, the mortgagee, obligee, beneficiary or other responsible party shall have 30 days, in addition to the initial 60-day period, to fulfill the requirements of this section.(c) Should any person, institution or agent who is not the present holder of the evidence of indebtedness be required to pay a civil penalty, attorneys' fees, or other damages under this section, they will have an action against the holder of the evidence of indebtedness for all sums they were required to pay.(d) This section applies only if the provisions of the deed of trust, mortgage, or other instrument are satisfied before October 1, 2005. (1979, c. 681, s. 1; 1987, c. 662, ss. 1-3; 2005-123, s. 1.)
NC Gen Stat § 45-36.5 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 4 - Satisfaction.|§ 45-36.5 - Notification: manner of giving and effective date.

 45-36.5. Notification: manner of giving and effective date.(a) A person gives a notification by any of the following:(1) Depositing it with the United States Postal Service with first-class postage paid or with a commercially reasonable delivery service with cost of delivery provided, properly addressed to the recipient's address for giving a notification.(2) Sending it by facsimile transmission, electronic mail, or other electronic transmission to the recipient's address for giving a notification, but only if the recipient agreed to receive notification in that manner.(3) Causing it to be received at the address for giving a notification within the time that it would have been received if given pursuant to subdivision (1) of this subsection.(b) A notification is effective on any of the following:(1) The day after it is deposited with a commercially reasonable delivery service for overnight delivery.(2) Three days after it is deposited with the United States Postal Service, first-class mail with postage prepaid, or with a commercially reasonable delivery service for delivery other than by overnight delivery.(3) The day it is given, if given pursuant to subdivision (a)(2) of this section.(4) The day it is received, if given by a method other than as provided in subdivision (a)(1) or (a)(2) of this section.(c) If this Article or a notification given pursuant to this Article requires performance on or by a certain day and that day is a Saturday, Sunday, or legal holiday under the laws of this State or the United States, the performance is sufficient if performed on the next day that is not a Saturday, Sunday, or legal holiday. (2005-123, s. 1.)
NC Gen Stat § 45-36.8 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 4 - Satisfaction.|§ 45-36.8 - Understated payoff statement or short-pay statement: correction; effect.

 45-36.8. Understated payoff statement or short-pay statement: correction; effect.(a) If a secured creditor determines that the payoff amount it provided in a payoff statement or the short-pay amount it provided in a short-pay statement was understated, the creditor may send a corrected payoff or short-pay statement. If the entitled person or the person's authorized agent receives and has a reasonable opportunity to act upon a corrected payoff statement or short-pay statement before making payment, the corrected statement supersedes an earlier statement.(b) A secured creditor that sends a payoff statement containing an understated payoff amount or a short-pay statement containing an understated short-pay amount may not deny the accuracy of the payoff amount or short-pay amount as against any person that reasonably and detrimentally relies upon the understated payoff amount or short-pay amount.(c) This Article does not:(1) Affect the right of a secured creditor to recover any sum that it did not include in a payoff amount or a short-pay amount from any person liable for payment of the secured obligation; or(2) Limit any claim or defense that a person liable for payment of a secured obligation may have under law other than this Article.  (2005-123, s. 1; 2011-312, s. 7.)
NC Gen Stat § 45-36.10 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 4 - Satisfaction.|§ 45-36.10 - Content and effect of satisfaction.

 45-36.10. Content and effect of satisfaction.(a) A document is a satisfaction of a security instrument if it does all of the following:(1) Identifies the type of security instrument, the original parties to the security instrument, the recording data for the security instrument, and the office in which the security instrument is recorded.(2) States that the person signing the satisfaction is the secured creditor.(3) Reserved.(4) Contains language terminating the effectiveness of the security instrument.(5) Is signed by the secured creditor and acknowledged as required by law for a conveyance of an interest in real property.(b) The register of deeds shall accept for recording a satisfaction of a security instrument, unless one of the following applies:(1) The document is submitted by a method or in a medium not authorized for registration by the register of deeds under applicable law.(2) The document is not signed by the secured creditor and acknowledged as required by law for a conveyance of an interest in real property. The register of deeds shall not be required to verify or make inquiry concerning (i) the truth of the matters stated in any satisfaction document, or (ii) the authority of the person executing any satisfaction document to do so.(c) Unless the satisfaction expressly states that the underlying obligation secured by the security instrument has been extinguished and the underlying note or other instrument evidencing the obligation has been cancelled, the recording of a satisfaction of a security instrument does not by itself extinguish any liability of a person for payment or performance of the secured obligation.  (2005-123, s. 1; 2015-56, s. 1.)
NC Gen Stat § 45-36.11 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 4 - Satisfaction.|§ 45-36.11 - Satisfaction: form.

 45-36.11. Satisfaction: form.(a) Standard Form. - No particular phrasing is required for a satisfaction of a security instrument. The following form, when properly completed, is sufficient to satisfy the requirements of G.S. 45-36.10(a):"SATISFACTION OF SECURITY INSTRUMENT  (G.S. 45-36.10; G.S. 45-37(a)(7))  The undersigned is now the secured creditor in the security instrument identified as follows:   Type of Security Instrument: (identify type of security instrument, such as deed of trust or mortgage)Original Grantor(s): (Identify original grantor(s), trustor(s), or mortgagor(s))Original Secured Party(ies): (Identify the original beneficiary(ies), mortgagee(s), or secured party(ies) in the security instrument)Recording Data: The security instrument is recorded in Book ____ at Page ____ or as document number ________ in the office of the Register of Deeds for ____________ County, North Carolina.This satisfaction terminates the effectiveness of the security instrument.Date: ______________  _____________________________  (Signature of secured creditor)[Acknowledgment before officer authorized to take acknowledgments]"  (b) Alternate Form. - A secured creditor who would like to indicate that the underlying obligation secured by the instrument has been extinguished may use the following form, which, when properly completed, is also sufficient to satisfy the requirements of G.S. 45-36.10(a):"SATISFACTION OF SECURITY INSTRUMENT  (G.S. 45-36.10; G.S. 45-37(a)(7))  The undersigned is now the secured creditor in the security instrument identified as follows:  Type of Security Instrument: (identify type of security instrument, such as deed of trust or mortgage)Original Grantor(s): (Identify original grantor(s), trustor(s), or mortgagor(s))Original Secured Party(ies): (Identify the original beneficiary(ies), mortgagee(s), or secured party(ies) in the security instrument)Recording Data: The security instrument is recorded in Book ____ at Page ____ or as document number ________ in the office of the Register of Deeds for ____________ County, North Carolina.This satisfaction terminates the effectiveness of the security instrument and extinguishes the underlying obligation secured by the instrument.Date: ______________  _____________________________  (Signature of secured creditor)[Acknowledgment before officer authorized to take acknowledgments]".  (2005-123, s. 1; 2012-150, s. 1.)
NC Gen Stat § 45-36.12 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 4 - Satisfaction.|§ 45-36.12 - Limitation of secured creditor's liability.

 45-36.12. Limitation of secured creditor's liability.A secured creditor is not liable under this Article if it:(1) Established a reasonable procedure to achieve compliance with its obligations under this Article;(2) Complied with that procedure in good faith; and(3) Was unable to comply with its obligations because of circumstances beyond its control. (2005-123, s. 1.)
NC Gen Stat § 45-36.13 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 4 - Satisfaction.|§ 45-36.13 - Eligibility to serve as satisfaction agent.

 45-36.13. Eligibility to serve as satisfaction agent.No person other than an attorney licensed to practice law in the State of North Carolina may serve as a satisfaction agent under this Article. (2005-123, s. 1.)
NC Gen Stat § 45-36.18 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 4 - Satisfaction.|§ 45-36.18 - Affidavit of satisfaction: effect.

 45-36.18. Affidavit of satisfaction: effect.(a) Upon recording, an affidavit substantially complying with the requirements of G.S. 45-36.16 constitutes a satisfaction of the security instrument described in the affidavit.(b) The recording of an affidavit of satisfaction of a security instrument does not by itself extinguish any liability of a person for payment or performance of the secured obligation.(c) The register of deeds may not refuse to accept for recording an affidavit of satisfaction of a security instrument unless:(1) The affidavit is submitted by a method or in a medium not authorized for registration by the register of deeds under applicable law; or(2) The affidavit is not signed by the satisfaction agent and either (i) acknowledged as required by law for a conveyance of an interest in real property or (ii) sworn to or affirmed before an officer authorized to administer oaths and affirmations. The register of deeds shall not be required to verify or make inquiry concerning (i) the truth of the matters stated in any affidavit of satisfaction, or (ii) the authority of the person executing any affidavit of satisfaction to do so.  (2005-123, s. 1; 2013-204, s. 2.6.)
NC Gen Stat § 45-36.19 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 4 - Satisfaction.|§ 45-36.19 - Liability of satisfaction agent.

 45-36.19. Liability of satisfaction agent.(a) Except as otherwise provided in subsection (b) of this section, a satisfaction agent or any person purporting to be a satisfaction agent that records or submits for recording an affidavit of satisfaction of a security instrument erroneously or with knowledge that the statements contained in the affidavit are false is liable to the secured creditor for any actual damages caused by the recording and reasonable attorneys' fees and costs.(b) A satisfaction agent that records or submits for recording an affidavit of satisfaction of a security instrument erroneously is not liable if the agent properly complied with this Article, gave notification to the secured creditor in the manner prescribed by G.S. 45-36.14, and the secured creditor did not respond in a timely manner to the notification pursuant to G.S. 45-36.14(a)(5).(c) If a satisfaction agent or any person purporting to be a satisfaction agent records or submits for recording an affidavit of satisfaction of a security instrument with knowledge that the statements contained in the affidavit are false, this section does not preclude any of the following:(1) A court from awarding punitive damages on account of the conduct.(2) The secured creditor from proceeding against the satisfaction agent or person purporting to be a satisfaction agent under law of this State other than this Article.(3) The enforcement of any criminal statute prohibiting the conduct.  (2005-123, s. 1; 2013-204, s. 2.7.)
NC Gen Stat § 45-36.20 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 4 - Satisfaction.|§ 45-36.20 - Trustee's satisfaction of deed of trust: content and effect.

 45-36.20. Trustee's satisfaction of deed of trust: content and effect.(a) Upon recording, a trustee's satisfaction substantially complying with the requirements of this section constitutes a satisfaction of the deed of trust described in the trustee's satisfaction.(b) The recording of a trustee's satisfaction does not by itself extinguish any liability of a person for payment or performance of the secured obligation.(c) This section applies only if the security instrument is a deed of trust. This section is not exclusive. Deeds of trust may also be satisfied of record by methods other than the filing of a trustee's satisfaction.(d) Document is a trustee's satisfaction of a deed of trust if it complies with all of the following:(1) Identifies the original parties to the deed of trust, the recording data for the deed of trust, and the office in which the deed of trust is recorded.(2) States that the person signing the trustee's satisfaction is then serving as trustee or substitute trustee under the terms of the deed of trust.(3) Contains language terminating the effectiveness of the deed of trust.(4) Is signed by the trustee or substitute trustee then serving under the terms of the deed of trust and acknowledged as required by law for a conveyance of an interest in real property.(e) The register of deeds shall accept for recording a trustee's satisfaction of a deed of trust, unless:(1) The trustee's satisfaction is submitted by a method or in a medium not authorized for registration by the register of deeds under applicable law; or(2) The trustee's satisfaction is not signed by the trustee or substitute trustee and acknowledged as required by law for a conveyance of an interest in real property. The register of deeds shall not be required to verify or make inquiry concerning (i) the truth of the matters stated in any trustee's satisfaction, or (ii) the authority of the person executing any trustee's satisfaction to do so. (2005-123, s. 1.)
NC Gen Stat § 45-36.21 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 4 - Satisfaction.|§ 45-36.21 - Trustee's satisfaction of deed of trust: form.

 45-36.21. Trustee's satisfaction of deed of trust: form.(a) Standard Form. - No particular phrasing is required for a trustee's satisfaction of a deed of trust. The following form, when properly completed, is sufficient to satisfy the requirements of G.S. 45-36.20:"TRUSTEE'S SATISFACTION OF DEED OF TRUST  (G.S. 45-36.20; G.S. 45-37(a)(7))  The undersigned is now serving as the trustee or substitute trustee under the terms of the deed of trust identified as follows:  Original Grantor(s): (Identify original grantor(s) or trustor(s))  Original Secured Party(ies): (Identify the original beneficiary(ies) or secured party(ies) in the deed of trust)  Recording Data: The deed of trust is recorded in Book ____ at Page ____ or as document number ________ in the office of the Register of Deeds for __________ County, North Carolina.  This satisfaction terminates the effectiveness of the deed of trust.  Date: ______________  _________________________________  (Signature of trustee or substitute trustee)  [Acknowledgment before officer authorized to take acknowledgments]"  (b) Alternate Form. - A trustee and secured creditor who would like to indicate that the underlying obligation secured by the deed of trust has been extinguished may use the following form, which, when properly completed, is also sufficient to satisfy the requirements of G.S. 45-36.20:"TRUSTEE'S SATISFACTION OF DEED OF TRUST  AND  CREDITOR'S RELEASE  (G.S. 45-36.20; G.S. 45-37(a)(7))  The undersigned is now serving as the trustee or substitute trustee under the terms of the deed of trust identified as follows:  Original Grantor(s): (Identify original grantor(s) or trustor(s))  Original Secured Party(ies): (Identify the original beneficiary(ies) or secured party(ies) in the deed of trust)  Recording Data: The deed of trust is recorded in Book ____ at Page ____ or as document number ________ in the office of the Register of Deeds for __________ County, North Carolina.  This satisfaction terminates the effectiveness of the deed of trust.  Date: ______________  _________________________________  (Signature of trustee or substitute trustee)  [Acknowledgment before officer authorized to take acknowledgments]  The obligation secured by the deed of trust has been extinguished.  Date: ______________  _________________________________  (Signature of secured creditor)  [Acknowledgment before officer authorized to take acknowledgments]".  (2005-123, s. 1; 2012-150, s. 2.)
NC Gen Stat § 45-37.1 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 4 - Satisfaction.|§ 45-37.1 - Validation of certain entries of cancellation made by beneficiary or assignee instead of trustee.

 45-37.1. Validation of certain entries of cancellation made by beneficiary or assignee instead of trustee.In all cases where, prior to January 1, 1930, it appears from the margin or face of the record in the office of the register of deeds of any county in this State that the original beneficiary named in any deed of trust, trust indenture, or other instrument intended to secure the payment of money and constituting a lien on real estate, or his assignee of record, shall have made an entry purporting to fully satisfy and discharge the lien of such instrument, and such entry has been signed by the original payee and beneficiary in said deed of trust, or other security instrument, or by his assignee of record, or by his or their properly constituted officer, agent, attorney, or legal representatives, and has been duly witnessed by the register of deeds or his deputy, all such entries of cancellation and satisfaction are hereby validated and made full, sufficient and complete to release, satisfy and discharge the lien of such instrument, and shall have the same effect as if such entry had been made and signed by the trustee named in said deed of trust, or other security instrument, or by his duly appointed successor or substitute. (1945, c. 986.)
NC Gen Stat § 45-37.2 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 4 - Satisfaction.|§ 45-37.2 - Indexing satisfactions and other documents relating to security instruments.

 45-37.2. Indexing satisfactions and other documents relating to security instruments.(a) The register of deeds shall record and index the following instruments in accordance with G.S. 161-14.1:(1) A substitution of trustee.(2) A document of rescission recorded pursuant to G.S. 45-36.6.(3) A deed of release or reconveyance.(4) A partial release recorded pursuant to G.S. 45-36.22.(5) An obligation release recorded pursuant to G.S. 45-36.23.(6) A satisfaction document, affidavit of satisfaction, or trustee's satisfaction recorded pursuant to G.S. 45-37(a)(7).(7) A lien maturity extension agreement or notice of maturity date recorded pursuant to G.S. 45-36.24.No fee shall be charged by the register of deeds for recording a satisfaction document, affidavit of satisfaction, or a trustee's satisfaction.(b) G.S. 161-14.1  (1963, c. 1021, s. 1; 1967, c. 765, s. 6; 1987, c. 620, s. 2; 1991, c. 114, s. 2; 1993, c. 425, s. 3; 1995, c. 292, s. 6; 2005-123, s. 1; 2011-246, s. 5; 2011-312, s. 13.)
NC Gen Stat § 45-38 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 4 - Satisfaction.|§ 45-38 - Recording of foreclosure.

 45-38. Recording of foreclosure.In case of foreclosure of any deed of trust, or mortgage, the trustee, mortgagee, or the trustee's or mortgagee's attorney shall record a notice of foreclosure that includes the date when, and the person to whom, a conveyance was made by reason of the foreclosure. In the event the entire obligation secured by a mortgage or deed of trust is satisfied by a sale of only a part of the property embraced within the terms of the mortgage or deed of trust, the trustee, mortgagee, or the trustee's or mortgagee's attorney shall indicate in the notice of foreclosure which property was sold.A notice of foreclosure shall consist of a separate instrument, or that part of the original deed of trust or mortgage rerecorded, reciting the information required hereinabove, the names of the original parties to the original instrument foreclosed, and the recording data for the instrument foreclosed. A notice of foreclosure shall be indexed by the register of deeds in accordance with G.S. 161-14.1. (1923, c. 192, s. 2; C.S., s. 2594(a); 1949, c. 720, s. 2; 1963, c. 1021, s. 2; 1971, c. 985; 1991, c. 114, s. 3; 1993, c. 305, s. 24; 2005-123, s. 1; 2006-226, s. 13.)