Delaware Mortgage Satisfaction Piece

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Mortgage Satisfaction Piece for Real Estate Located in Delaware

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Record this form with the Sussex County Recorder when a mortgage has been satisfied/paid in full. In general, to avoid penalty (the legal holder of such mortgage or conveyance at the time the satisfaction or performance is completed shall, within 60 days after satisfaction or performance is completed, cause an entry of such satisfaction) to be made. [Whoever, being the holder of a mortgage, willfully fails to satisfy a mortgage upon the record as required by subsection (a) of this section shall be fined not more than $1,000 for each such failure together with assessed costs, for each failure, not to exceed $1,000.] ((Delaware Code Title 25. Property 2111(a)) / [ Title 25. Property 2111(e))]

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