The Louisiana Release of Obliged of Record of a Mortgage or Privilege (Non-Paraphed Obligation) La. R.S. 9:5169 is an official document that must be filed by the obliged of record with the Clerk of Court in order to terminate the lien of a mortgage or privilege. This document can be filed in one of two forms: a release by the obliged of record or a release by a third party on behalf of the obliged of record. The release must contain the name of the mortgagor, the name of the obliged of record, the date of the mortgage or privilege, and the book and page number of the mortgage or privilege. The release must also be notarized and signed by the obliged of record or a third party acting on behalf of the obliged of record.
Louisiana Release by Obligee of Record of a Mortgage or Privilege (Non-Paraphed Obligation) La. R.S. 9:5169
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Release by Obligee of Record of a Mortgage or Privilege (Non-Paraphed Obligation) La. R.S. 9:5169
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FAQ
R.S. 7 Paraphed Obligation ? An act of release executed before a notary who certifies in the act that the obligation. was presented to him by the holder and owner and that he paraphed it for identification with the act of release.
Satisfactions Generally: Once a mortgage or deed of trust is paid, the holder of the mortgage is required to satisfy the mortgage or deed of trust of record to show that the mortgage or deed of trust is no longer a lien on the property.