Drew County Satisfaction of Deed of Trust Form

Additional Arkansas and Drew County documents included at no extra charge:

Where to Record Your Documents

---

Cities and Jurisdictions in Drew County

Properties in any of these areas use Drew County forms:

• Monticello
• Wilmar
• Winchester

---

(The trustee of a deed of trust or a person employed by the trustee shall reconvey all or any part of the property encumbered by a deed of trust to the person entitled to the property on written request of the beneficiary of the deed of trust for a reasonable fee plus costs.)(Chapter 40 - Mortgages 18-40-104(c). Acknowledgment of satisfaction on record)

A trustee of a deed of trust shall be any:
(1) Attorney who is an active licensed member of the Bar of the Supreme Court of the State of Arkansas or law firm among whose members includes such an attorney;

(2) Bank or savings and loan association authorized to do business under the laws of Arkansas or those of the United States;

(3) Corporation which is an affiliate of a bank or savings and loan association authorized to do business under the laws of Arkansas or those of the United States, which is either an Arkansas bank or a registered out-of-state bank, as the terms are defined under 23-45-102, which maintains a branch in the State of Arkansas; or

(4) Agency or authority of the State of Arkansas where not otherwise prohibited by law.

(b) (1) The beneficiary may appoint a successor trustee at any time by filing a substitution of trustee for record with the recorder of the county in which the trust property is situated.

(2) The new trustee shall succeed to all the power, duties, authority, and title of the original trustee and any previous successor trustee. 18-50-102(a). Qualifications of trustee -- Appointment of successor trustee.

This form can be used by the Trustee or Successor Trustee, for full satisfaction/reconveyance. the beneficiary generally has sixty (60) days to record a Satisfaction of Deed of Trust once requested.
(If a person receiving satisfaction does not, within sixty (60) days after being requested, acknowledge satisfaction as stated in subsection (a) of this section or request the trustee to reconvey the property as stated in subsection (c) of this section, he or she shall forfeit to the party aggrieved any sum not exceeding the amount of the mortgage money, to be recovered by a civil action in any court of competent jurisdiction.) (Chapter 40 - Mortgages Ark. Statute 18-40-104(d). Acknowledgment of satisfaction on record)

(Arkansas Satisfaction Package includes form, guidelines, and completed example) For use in Arkansas only.

Important: Your property must be located in Drew County to use these forms. Documents should be recorded at the office below.

This Satisfaction of Deed of Trust meets all recording requirements specific to Drew County.

Our Promise

The documents you receive here are guaranteed to meet or exceed the applicable Drew County recording format requirements. If there is a rejection caused by our formatting, we will correct the issue or refund your payment. This guarantee applies to document formatting only and does not extend to information entered by the user, the selection of the form, or the legal effect of the completed document.

Save Time and Money

Get your Drew County Satisfaction of Deed of Trust form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.

4.8 out of 5 - ( 4756 Reviews )