Affidavit of satisfaction: authorization to submit for recording

28 V.I.C. § 143b — under Satisfaction by Affidavit.

28 V.I.C. § 143b

(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 section 143c if:(1) the secured creditor has not, to the knowledge of the satisfaction agent, submitted for recording a satisfaction of a security instrument within thirty (30) days after the effective date of a notification complying with section 143a(a); or(2) the secured creditor authorizes the satisfaction agent to do so.

(1) the secured creditor has not, to the knowledge of the satisfaction agent, submitted for recording a satisfaction of a security instrument within thirty (30) days after the effective date of a notification complying with section 143a(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 section 143a(a)(5)(B) stating that the secured obligation remains unsatisfied.

(c) If a satisfaction agent receives a notification under section 143a(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 section 143a with respect to the identified assignee.

(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 section 143a with respect to the identified assignee.