Title 28, Property

(a) An entitled person, or an agent authorized by an entitled person to request a payoff statement, may give to the secured creditor a notification requesting a payoff statement for a specified payoff date not more than thirty (30) days after the notification is given. The notifi…

(a) If a secured creditor determines that the payoff amount it provided in a payoff statement was understated, the creditor may send a corrected payoff statement. If the entitled person or the person’s authorized agent receives and has a reasonable opportunity to act upon a corre…

(a) A secured creditor shall submit for recording a satisfaction of a security instrument within thirty (30) days after the creditor receives full payment or performance of the secured obligation and shall send a copy of the recorded satisfaction of a security instrument to the l…

(1) A secured creditor is not liable under this chapter if it:(1) established a reasonable procedure to achieve compliance with its obligations under this chapter;(2) complied with that procedure in good faith; and(3) was unable to comply with its obligations because of circumsta…

(a) In this article, “title insurance company” means an organization authorized to conduct the business of insuring titles to real property in this state. (b) The following may serve as a satisfaction agent under this article:(1) a title insurance company, acting directly or thro…

(a) If a secured creditor has not submitted for recording a satisfaction of a security instrument within the period specified in section 142b(a), a satisfaction agent acting for and with authority from the landowner may give the secured creditor a notification that the satisfacti…

(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 recordin…

(1) An affidavit of satisfaction of a security instrument must:(1) identify the original parties to the security instrument, the secured creditor, the recording data for the security instrument, and, if necessary for proper indexing of the affidavit, a legal description of the re…

No particular phrasing of an affidavit of satisfaction is required. The following form of affidavit, when properly completed, is sufficient to satisfy the requirements of section 143c(a). _____________________________________. (Date of Affidavit) AFFIDAVIT OF SATISFACTION 1. The …

(a) Upon recording, an affidavit substantially complying with the requirements of section 143c constitutes a satisfaction of the security instrument described in the affidavit. (b) The recording of an affidavit of satisfaction of a security instrument does not by itself extinguis…

(a) Except as otherwise provided in subsection (b), a satisfaction agent that records an affidavit of satisfaction of a security instrument erroneously or with knowledge that the statements contained in the affidavit are false is liable to the secured creditor for any actual dama…

In applying and construing this uniform act, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it.

This chapter modifies, limits, and supersedes the federal Electronic Signatures in Global and National Commerce Act (15 U.S.C. § 7001 et seq.) but does not modify, limit, or supersede section 101(c) of that act (15 U.S.C. § 7001(c)) or authorize electronic delivery of any of the …