Use this form to assign a previously recorded mortgage to another party.

Vt. Statute 1158 Assignment or discharge of mortgage or judgment lien

An assignment or discharge of a mortgage or judgment lien shall be duly recorded in the records of the town. A mortgage or judgment lien may be discharged by the mortgagee, judgment creditor, or assignee of such mortgage or judgment lien in writing on the margin of the mortgage record or judgment lien notice. A satisfaction or assignment of the mortgage or judgment lien recorded elsewhere shall bear a marginal notation of the book and page of the mortgage or judgment lien record and a corresponding cross-reference shall be made on the margin of the mortgage or judgment lien notice record.

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 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.

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

How to Use This Form

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

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Common Uses for Assignment of Mortgage

Release a lender's claim on rental income after loan payoff
Release an assignment of rents back to the property owner
Transfer loan servicing rights to a new company
Record a release of assignment after debt satisfaction
Assign a deed of trust as part of a loan portfolio sale
Assign leases and rental income to a lender as loan security
Assign commercial lease income as security for a loan

Compare other Vermont deed forms and documents

Quitclaim Deed Gift Deed Warranty Deed Enhanced Life Estate Warranty Deed Special Warranty Deed Grant Deed Correction Deed Easement Deed Termination of Easement Trustee Deed Administrator Deed Executor Deed Disclaimer of Interest Certificate of Trust Mortgage Security Agreement and Promissory Note Discharge of Mortgage Power of Attorney for the Sale of Real Estate Power of Attorney for the Purchase of Real Estate

Important: County-Specific Forms

Our assignment of mortgage forms are specifically formatted for each county in Vermont.

After selecting your county, 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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