21 Pa. Stat. § 721-5

Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 721-5 - Form of satisfaction piece

Mortgagees, whether individuals or legal entities other than individuals, shall satisfy mortgages by a satisfaction piece in substantially the following form:

SATISFACTION PIECE

Made this day of ,

Name of Mortgagor:

Name of Mortgagee:

Name of Last Assignee:

Date of Mortgage:

Original Mortgage Debt:

Mortgage Recorded on ,

in the Office of the Recorder of Deeds of

County, Pennsylvania,

in Book , Page /instrument

number .

Brief Description or Statement of Location of Mortgaged Premises:

The undersigned hereby certifies that the debt secured by the above- mentioned mortgage has been fully paid or otherwise discharged and that upon the recording hereof said mortgage shall be and is hereby fully and forever satisfied and discharged.

The undersigned hereby authorizes and empowers the recorder of said county to enter this satisfaction piece and to cause said mortgage to be satisfied of record.

Witness the due execution hereof with the intent to be legally bound. (signature(s) of individual mortgagee(s) or representative(s) of legal entity)

(acknowledgment)

21 P.S. § 721-5

2002, Dec. 9, P.L. 1530, No. 197, § 5, effective in 60 days.