Connecticut Partial Release or Satisfaction of Mortgage by a Corporation

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Multi-State
Control #:
US-01499BG
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Word; 
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Description

Most states have statutes that provide that a mortgage or deed of trust may be partially discharged or released in the county land records by the recorder of deeds. Generally these statutes proved that a certificate must be filed with said recorder and executed by the mortgagee or on its behalf and acknowledged as prescribed by law.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Primary tabs. A satisfaction of mortgage is a document that proves the borrower has paid off the mortgage in full, freeing the loan's lien on the property and giving the title to the borrower.

Section 49-2a - Interest on funds held in escrow for payment of taxes and insurance, Conn. Gen. Stat. § 49-2a | Casetext Search + Citator.

49-9a. Validation of release of mortgage. Affidavit.

Ancient Mortgage - CGS 49-13a ? cites that a mortgage is invalid 20 years after a stated maturity date or 40 years after date of recording of mortgage if no due date is set forth in the mortgage. An affidavit must be recorded signed by owner of the property alleging these facts.

Section 49-37 - Dissolution of mechanic's lien by substitution of bond. Joinder of actions on claim and bond.

Section 49-8 - Release of satisfied or partially satisfied mortgage or ineffective attachment, lis pendens or lien. Damages.

A partial release is a mortgage provision that allows some of the collateral to be released from a mortgage after the borrower pays a certain amount of the loan. Lenders require proof of payment, a survey map, appraisal, and a letter outlining the reason for the partial release.

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Connecticut Partial Release or Satisfaction of Mortgage by a Corporation