Section 479:7 Discharge; Record.
I. When a mortgage upon real estate is satisfied, the mortgagee shall give the mortgagor a discharge thereof. Said discharge shall be in the form of a written document and shall be signed by the mortgagee, his executor, administrator, successor, or assign whose signature shall be witnessed or acknowledged and shall be sufficient when substantially in the following form:
(Form for Mortgage Discharge)
For value received, __________, holder of a mortgage from __________ to __________, dated __________ and recorded in __________ County Registry of Deeds at Book __________, Page __________, hereby discharges the said mortgage.
(1) Witness my hand this __________ day of __________, 20__________ Witness:
____________________ ____________________
or
(2) Subscribed, sworn to and acknowledged before me by __________, the mortgagee, this __________ day of __________, 20__________.
| (Signed) __________ |
| ____________________ |
| (Notary Public/Justice of the Peace) |
II. The mortgagee, within 60 days after said mortgage is satisfied and having reasonable charges tendered to the mortgagee, shall cause the discharge of the mortgage to be recorded in the registry of deeds where the land lies. The recording fees associated with the discharge of mortgage may be charged to the mortgagor, if the mortgagor received written disclosure that such fees would be so charged. The mortgagee shall provide written confirmation of the discharge within the 60-day period to the payor of the final payment in satisfaction of the mortgage.
Source. 1905, 37:1. PL 215:6. RL 261:6. RSA 479:7. 1975, 462:1. 1986, 48:1. 1989, 171:1. 1997, 84:1, eff. Jan. 1, 1998.