When a promissory note secured by a Deed of Trust is paid off, the beneficiary/lender contacts the trustee and notifies him/her to reconvey title to the Trustor/borrower. If the original Trustee is unavailable or can't act, a substitute trustee is typically chosen. This form allows the lender to choose a new trustee and authorizes the new trustee to reconvey title by recording the form. This form can be exercised by the original beneficiary/lender or a secondary beneficiary/lender who may have purchased/inherited the promissory note.

Use this document when the subject "Deed of Trust" has been recorded formatted Pursuant to Nev. Rev. Stat. Sect. 107.073 (If the deed of trust has been recorded by a microfilm or other photographic process, a marginal release may not be used and an acknowledged reconveyance of the deed of trust must be recorded.) (NRS 107.073(2))

Typically, within 21 day after satisfaction of debt, the lender delivers to the (trustee or trustor/) borrower (the original note and deed of trust), (if the beneficiary)/lender (is in possession of those documents). The lender will also (execute a request to reconvey the estate in real property conveyed to the trustee by the grantor)/trustor/borrower. (NRS107.077(1))

If the Promissory Note secured, (by a Deed of Trust is made on or after October 1, 1991), (is paid or otherwise satisfied or discharged, and a properly executed request to reconvey is received by the trustee, the trustee shall cause to be recorded a reconveyance of the deed of trust.). This is required (within 45 days.) (NRS107.077(2))

(If the beneficiary fails to deliver to the trustee a properly executed request to reconvey pursuant to subsection 1, or if the trustee fails to cause to be recorded a reconveyance of the deed of trust pursuant to subsection 2, the beneficiary or the trustee, as the case may be, is liable in a civil action to the grantor, his or her heirs or assigns in the sum of $1,000, plus reasonable attorney's fees and the costs of bringing the action, and the beneficiary or the trustee is liable in a civil action to any party to the deed of trust for any actual damages caused by the failure to comply with the provisions of this section and for reasonable attorney's fees and the costs of bringing the action.) (NRS107.077(3))

(Nevada SOT and DOR Package includes form, guidelines, and completed example) For use in Nevada only.

How to Use This Form

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

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Common Uses for Substitution of Trustee and Deed of Reconveyance (For Deed of Trust)

Subordinate an existing mortgage to a new loan
Record a partial reconveyance to release a portion of collateral
Release a property from a deed of trust after loan payoff
Record a partial release of a mortgage or deed of trust
Release collateral after a commercial loan is paid off

Compare other Nevada deed forms and documents

Quitclaim Deed Gift Deed Warranty Deed Special Warranty Deed Grant Deed Easement Deed Termination of Easement Correction Deed Mineral Deed Mineral Quitclaim Deed Transfer on Death Deed Transfer on Death Revocation Transfer on Death Affidavit Special Power of Attorney for Real Property Affidavit of Death of Joint Tenant Affidavit of Death of Spouse Holding Community Property Personal Representative Deed of Distribution Personal Representative Deed of Sale Disclaimer of Interest Certificate of Trust Deed of Trust Assignment of Deed of Trust Deed of Full Reconveyance Contract of Sale Memorandum of Contract of Sale Release of Memorandum of Contract of Sale Notice of Right to Lien Notice of Mechanics Lien Notice of Completion Discharge of Lien Release of Notice of Lien by Surety Bond Release of Prospective Lien by Surety Bond Unconditional Waiver upon Progress Conditional Waiver upon Progress Unconditional Final Waiver of Lien Conditional Final Waiver of Lien Lis Pendens Lis Pendens Release

Important: County or Independent City-Specific Forms

Our substitution of trustee and deed of reconveyance (for deed of trust) forms are specifically formatted for each county or independent city in Nevada.

After selecting your county or independent city, 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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