2005 North Carolina Code - General Statutes § 45-36.15. Affidavit of satisfaction: authorization to submit for recording.

§ 45‑36.15.  Affidavit of satisfaction: authorization to submit for recording.

(a)       Subject to subsections (b) and (c) of this section, a satisfaction agent may sign and submit for recording an affidavit of satisfaction of a security instrument complying with G.S. 45‑36.16 if:

(1)       The secured creditor has not, to the knowledge of the satisfaction agent, submitted for recording a satisfaction of a security instrument or otherwise caused the security instrument to be satisfied of record pursuant to any of the methods provided in G.S. 45‑37(a) within 30 days after the effective date of a notification complying with G.S. 45‑36.14(a); or

(2)       The secured creditor authorizes the satisfaction agent to do so.

(b)       A satisfaction agent may not sign and submit for recording an affidavit of satisfaction of a security instrument if it has received a notification under G.S. 45‑36.14(a)(5)b. stating that the secured obligation remains unsatisfied.

(c)       If a satisfaction agent receives a notification under G.S. 45‑36.14(a)(5)c. stating that the security instrument has been assigned, the satisfaction agent may not submit for recording an affidavit of satisfaction of the security instrument without:

(1)       Giving a notification of intent to submit for recording an affidavit of satisfaction to the identified assignee at the identified address; and

(2)       Complying with G.S. 45‑36.14 with respect to the identified assignee. (2005‑123, s. 1.)