Towner County Assignment of Mortgage Form

Additional North Dakota and Towner County documents included at no extra charge:

Where to Record Your Documents

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Cities and Jurisdictions in Towner County

Properties in any of these areas use Towner County forms:

• Bisbee
• Cando
• Egeland
• Hansboro
• Perth
• Rocklake

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Use this form to assign a previously recorded mortgage to another party/assignee. (An assignment of a mortgage on real property which does not contain the post-office address of the assignee may not be received for record.) (35-03-04.)

35-03-05.1. Recording and filing assignment of mortgage - Notice to whom.
An assignment of a mortgage may be recorded or filed in the same manner as a mortgage, and the record thereof operates as notice to all persons subsequently deriving title to the mortgage from the assignor. When the mortgage is executed as security for money due or to become due on a promissory note, bond, or other instrument designated in the mortgage, the record of the assignment of the mortgage is not of itself notice to a mortgagor or a mortgagor's heirs or personal representatives so as to invalidate any payment made by them or either of them to the person holding such note, bond, or other instrument.

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 Mortgage" forms.

The Truth and lending act requires that borrowers be notified when their Mortgage 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 Dakota AOM Package includes form, guidelines, and completed example) For use in North Dakota only.

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

This Assignment of Mortgage meets all recording requirements specific to Towner County.

Our Promise

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