Alabama § 35-10-95 Conditions for Satisfaction Agent to Sign and Submit Affidavit for Recording

Alabama Statutes

§ 35-10-95 — Conditions for Satisfaction Agent to Sign and Submit Affidavit for Recording

Alabama § 35-10-95

Title 35Property

Ch. 10Mortgages

Art. 5Alabama Residential Mortgage Satisfaction Act

This text of Alabama § 35-10-95 (Conditions for Satisfaction Agent to Sign and Submit Affidavit for Recording) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 35-10-95 (2026).

Text

(a)Subject to subsections (b) and (c), a satisfaction agent may sign and submit for recording an affidavit of satisfaction of a security instrument complying with this article if either of the following occurs:

(1)There does not appear of record a satisfaction of a security instrument within 30 days after the receipt by the secured creditor of the notification.

(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 stating that the secured obligation remains unsatisfied or information that the security instrument has been assigned.

(c)If a satisfaction agent receives information that the security instrument has been assigned

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(a) Subject to subsections (b) and (c), a satisfaction agent may sign and submit for recording an affidavit of satisfaction of a security instrument complying with this article if either of the following occurs:
(1) There does not appear of record a satisfaction of a security instrument within 30 days after the receipt by the secured creditor of the notification.
(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 stating that the secured obligation remains unsatisfied or information that the security instrument has been assigned.
(c) If a satisfaction agent receives information that the security instrument has been assigned, the satisfaction agent may not submit for recording an affidavit of satisfaction of the security instrument without giving a notification of intent to submit for recording an affidavit of satisfaction to the assignee.