Louisiana Mortgage Cancellation Instrument
What this document covers
The Mortgage Cancellation Instrument is a legal document used to officially cancel a Multiple Indebtedness Mortgage or Home Equity Mortgage after the debt has been fully satisfied. This form is essential for preventing negative implications for the borrower, such as the lingering obligation of a mortgage that has already been paid off. It is commonly used in Louisiana and must be notarized and recorded by the parish Clerk of Court, ensuring that the mortgage is removed from public records.
What’s included in this form
- Identification of the Mortgagor(s) and Mortgagee, including names and identification numbers.
- Date of the original mortgage and its recording information.
- Address of the mortgaged property.
- Certification by the Mortgagee confirming the mortgage debt has been fully paid.
- Instruction to the Clerk of Court for the cancellation of the mortgage record.
- Signatures of the Mortgagee and the authorized representative.
Common use cases
This form should be used when a borrower has fully paid off a Multiple Indebtedness Mortgage or Home Equity Mortgage. It is vital to complete this process promptly to ensure that all legal obligations related to the mortgage are settled, protecting the borrower from any future claims or misunderstandings regarding their mortgage status.
Intended users of this form
- Homeowners who have paid off their home equity loans.
- Individuals who have completed payments on a Multiple Indebtedness Mortgage.
- Mortgage lenders seeking to cancel the record of a mortgage after satisfaction.
How to complete this form
- Identify all parties involved: the Mortgagor(s) and Mortgagee.
- Fill in the date of the original mortgage and the mortgage recording information.
- Provide the full address of the property linked to the mortgage.
- Ensure the Mortgagee certifies that all indebtedness has been satisfied.
- Secure the Mortgagee's signature and title, followed by notarization.
- File the completed form with the Clerk of Court in the appropriate parish.
Notarization guidance
This form needs to be notarized to ensure legal validity. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available anytime.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Avoid these common issues
- Failing to properly notarize the document before submitting it.
- Omitting essential details such as identification numbers or property address.
- Not ensuring the Mortgagee's certification is complete and accurate.
Benefits of using this form online
- Convenient access to professionally drafted legal forms.
- Ability to download and complete the form at your own pace.
- Reliable templates that comply with current legal standards.
