Gates County Assignment of Deed of Trust Form

Additional North Carolina and Gates County documents included at no extra charge:

Where to Record Your Documents

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Cities and Jurisdictions in Gates County

Properties in any of these areas use Gates County forms:

• Corapeake
• Eure
• Gates
• Gatesville
• Hobbsville
• Roduco
• Sunbury

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This form is used by a beneficiary/lender who can be a corporation or individual to assign deed of trust and promissory note to another entity/corporation or individual. This is commonly done when a deed of trust has been sold. (The assignee of the note shall have the right to enforce all obligations contained in the promissory note or other agreement, and all the rights of the assignor in the deed of trust, mortgage, or other security instrument, including the right to substitute the trustee named in any deed of trust, and to exercise any power of sale contained in the instrument without restriction.) (47-17.2)

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 Deed of Trust" forms.

The Truth and lending act requires that borrowers be notified when their Deed of Trust debt 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.

(North Carolina Assignment of DOT Package includes form, guidelines, and completed example) For use in North Carolina only.

Important: Your property must be located in Gates County to use these forms. Documents should be recorded at the county recording office listed above.

This Assignment of Deed of Trust meets all recording requirements specific to Gates County.

Our Promise

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