Clay County Satisfaction of Mortgage Forms (Arkansas)

Form Package

Satisfaction of Mortgage

State

Arkansas

Area

Clay County

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$27.97

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Included Forms

All Clay County specific forms and documents listed below are included in your immediate download package:

Included Supplemental Documents

The following Arkansas and Clay County supplemental forms are included as a courtesy with your order.

Frequently Asked Questions:

Areas Covered by These Satisfaction of Mortgage Forms:

• Clay County

Including:

• Corning
• Datto
• Greenway
• Knobel
• Mc Dougal
• Peach Orchard
• Piggott
• Pollard
• Rector
• Saint Francis
• Success

What is the Arkansas Satisfaction of Mortgage

This form is used by the mortgagee/lender or representative to release a mortgage that has been satisfied/paid in full. (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.) (Ark Statute 18-40-104(d))
[If a mortgagee or his or her executor, administrator, or assignee receives full satisfaction for the amount due on any mortgage, then at the request of the person making satisfaction, the mortgagee shall acknowledge satisfaction of the amount due on the mortgage on the margin of the record in which the mortgage is recorded.] [18-40-104(a)]

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

Our Promise

The documents you receive here will meet, or exceed, the Clay County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

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