Lincoln County Assignment of Mortgage Forms (South Dakota)

Form Package

Assignment of Mortgage

State

South Dakota

Area

Lincoln County

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$27.97

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Included Forms

All Lincoln County specific forms and documents listed below are included in your immediate download package:

Included Supplemental Documents

The following South Dakota and Lincoln County supplemental forms are included as a courtesy with your order.

Frequently Asked Questions:

Areas Covered by These Assignment of Mortgage Forms:

• Lincoln County

Including:

• Canton
• Fairview
• Harrisburg
• Hudson
• Lennox
• Sioux Falls
• Tea
• Worthing

What is the South Dakota Assignment of Mortgage

Use this form to assign a previously recorded mortgage to another person or entity.

Assignment of Mortgages-must include the following:
(1) the name of mortgagor
(2) the name of mortgagee
(3) the name of the assignee and its post office address
(4) the date, and book and page of recorded mortgage
(5) county and state
(6) the legal description
(7) execution and acknowledgment in front of a notary,
(8) corporate seal, especially if assignor is a bank, if no seal, state on the assignment "NO SEAL".

44-8-13 Assignment of mortgage on real property--Recording--Acknowledgment or proof--Contents--Record as notice. An assignment of a mortgage on real property may be recorded in like manner as a mortgage when it is acknowledged or proved according to the statutes relating to proof of instruments for record and contains the name of the mortgagor, the mortgagee, the assignee and the assignee's post-office address, the date of the mortgage, the date, county, state, book, and page of record of the mortgage and full description of the premises as described in the mortgage. This record serves as notice to all parties in interest or parties subsequently dealing with the property. No more than one assignment may be listed on the 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.

(South Dakota AOM Package includes form, guidelines, and completed example) For use in South Dakota only.

Our Promise

The documents you receive here will meet, or exceed, the Lincoln County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

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