Add Image Fields Legal Indiana Satisfaction of Mortgage Forms For Free

Indiana Code requires that deeds being recorded must include the following: Acknowledgement: To entitle any conveyance, mortgage, or instrument of writing to be recorded. Legibility of Names: Typed or printed under each signature exactly as signed.

Legibility of Names: Typed or printed under each signature exactly as signed. Name of Person Preparing Instrument: Each document executed or notarized in Indiana. Notarized Documents: Requires county residence of notary and commission expiration. Transfer of Deeds of Taxation: Endorsement by Auditor before recording.

The transfer stamp from their office is required before it can be recorded. If the document is prepared accurately and appropriate fees included, your deed will be processed by the Assessor then recorded by the Recorder's Office. Once it has been recorded, it will be returned to you.

Name of Person Preparing Instrument: Each document must have the name of person who prepared the document (IC 36-2-11-15c); Social Security Redaction: A document may not be submitted for recording if the document contains the Social Security number of an individual, unless required by law. (IC 36-2-7.5-4);

Recording Form & Legibility Statutes Legibility of Names: Typed or printed under each signature exactly as signed. (IC 36-2-11-16) (c)(1-4); Margin Requirements: First and last pages must have a minimum 2" margin on top & bottom, and ½" on each side. Interior pages must have a minimum of ½" margin all around.

The satisfaction of mortgage document will contain: The names of all parties, including the borrower and the lender. The details of the loan. Payments made. The collateral property details. A release from the lien against the property. The transfer of the property title.

The general rule is that the satisfaction must be in proper written format and recorded to provide notice of the satisfaction. If the lender fails to record a satisfaction within set time limits, the lender may be responsible for damages set by statute for failure to timely cancel the lien.

The daily responsibilities of a mortgage broker include: Establishing professional relationships with mortgage lenders. Gathering documents, credit history and employment verification of prospective homebuyers. Providing the borrower with lending options that best suit their financial situation.

Federal Trade Commission ? The Federal Trade Commission (FTC) is an independent government agency whose primary role is to ensure the protection of consumers. The commission regulates mortgage companies engaging in deceptive and unfair practices that affect their consumers.