Salem County Release of Mortgage Form

Additional New Jersey and Salem County documents included at no extra charge:

Where to Record Your Documents

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Cities and Jurisdictions in Salem County

Properties in any of these areas use Salem County forms:

• Alloway
• Deepwater
• Elmer
• Hancocks Bridge
• Monroeville
• Norma
• Pedricktown
• Penns Grove
• Pennsville
• Quinton
• Salem
• Woodstown

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Use this form to release a previously recorded mortgage document when it is (paid and satisfied.) the lender/releasor to avoid penalty, generally has 30 days after notification that the loan has been paid to release a mortgage document. For use by lender/mortgagee, (a bank, savings bank, savings and loan association, credit union or other corporation engaged in the business of making or purchasing mortgage loans.) (46:18-11.2 (1a))

((2) The mortgagee shall have the right to receive from the mortgagor the amount of the fee charged by the county recording officer to cancel the mortgage plus an additional service fee from the mortgagor, which service fee shall not exceed $25 or such higher amount which the Commissioner of Banking and Insurance may approve by regulation, provided the mortgagor has received notice of the fees required by the mortgagee. The mortgagee may collect the service fee at the time of the mortgage transaction or at the time the mortgage is redeemed, paid and satisfied. The fee charged by the county recording officer to cancel the mortgage of record shall be collectible at the time the mortgage is redeemed, paid and satisfied.) ((46:18-11.2 (2))

(c. If the final payment is made in cash, by certified check or cashier's check, the mortgage shall be deemed paid, satisfied and redeemed upon receipt of the cash, certified check or cashier's check by the mortgagee, his agents or assigns.) ((46:18-11.2 (2c))

(New Jersey ROM Package includes form, guidelines, and completed example) For use in New Jersey only.

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

This Release of Mortgage meets all recording requirements specific to Salem County.

Our Promise

The documents you receive here are guaranteed to meet or exceed the applicable Salem 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.

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