The Current holder of the Security Deed uses an "Assignment of Security Deed" to transfer the instrument to another party. This is typically done when the Security Deed has been sold, this allows the new lender to collect payments on the debt.

Georgia Statute: 44-14-64
(g) A transfer of a deed to secure debt shall not be recorded unless it includes the mailing address of the last transferee thereof. Failure to comply with this provision shall not be a defense to any foreclosure or grounds to set aside any foreclosure of any deed to secure debt.

Current Borrowers must be notified of the assignment. Notification consists of contact information of the new creditor, recording dates, recording instrument numbers, changes in loan, etc. Included are "Notice of Assignment of Security Deed" forms.

The Truth and lending act requires that borrowers be notified when their Security Deed has been sold, transferred, or assigned to a new creditor. Generally, within 30 days to avoid up to $2,000.00 in statutory damages, plus reasonable attorney's fees. Systematic violations can reach up $500,000.00.

(Georgia Assignment of Security Deed Package includes forms, guidelines, and completed examples)

How to Use This Form

Select your county from the list above
Download the county-specific form
Fill in the required information
Have the document notarized if required
Record with your county recorder's office

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Common Uses for Assignment of Security Deed

Document a lender's collateral interest in rental income
Assign commercial lease income as security for a loan
Release an assignment of rents back to the property owner
Release a lender's claim on rental income after loan payoff
Document the sale of a mortgage on the secondary market
Assign a mortgage to a new lender or loan servicer

Compare other Georgia deed forms and documents

Quitclaim Deed Gift Deed Warranty Deed Special Warranty Deed Grant Deed Correction Deed Easement Deed Termination, Cancellation of Easement / Right of Way Mineral Deed Mineral Deed with Quitclaim Covenants Trustee Deed Assent to Devise Executor Deed Administrator Deed Transfer on Death Deed Transfer on Death Deed for Joint Tenants with Right of Survivorship Revocation of Transfer on Death Deed Preliminary Notice of Mechanics Lien Claim of Mechanics Lien Notice of Contest of Lien Interim Lien Waiver and Release Affidavit of Non Payment Final Lien Waiver and Release Release of Claim of Lien Specific Power of Attorney for the Purchase of Property Specific Power of Attorney for the Sale of Property Statutory Power of Attorney Deed to Secure Debt and Promissory Note Cancellation of Security Deed Purchase and Sale Agreement Memorandum of Purchase and Sale Agreement Full Release of Memorandum of Purchase and Sale Agreement Certificate of Trust Lis Pendens Lis Pendens Discharge Disclaimer of Interest

Important: County-Specific Forms

Our assignment of security deed forms are specifically formatted for each county in Georgia.

After selecting your county, you'll receive forms that meet all local recording requirements, ensuring your documents will be accepted without delays or rejection fees.

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