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December 3, 2014
Overdrafts: Latest Regulatory Feedback, Guidance & Best Practices Webinar
David Dickinson and Jerod Moyer

December 4, 2014
Freebies, Bonuses and Contests
John Burnett and Andy Zavoina

December 9, 2014
Bankruptcy: Creditor Do's and Don'ts
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December 10, 2014
Branch Audits: What Is Going On Out There?
Patricia Cashman

December 11, 2014
Setting up New Accounts for Trusts
Mary Beth Guard

December 17, 2014
Integrated Disclosures - An Implementation Strategy
Mary Beth Guard and Jack Holzknecht

December 18, 2014
Loan Review Best Practices for a Community Bank
Bob Fritzlan

December 19, 2014
PREPAID PRODUCTS - Understanding the CFPB Proposal
John Burnett



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#699312 - 03/09/07 01:06 PM Form - Partial Release of mortgage
Banker Sue Offline
100 Club

Registered: 05/20/04
Posts: 149
Does anyone have a form they would be willing to share when they do a partial release of mortgage?

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General Discussion
#699776 - 03/12/07 11:31 AM Re: Form - Partial Release of mortgage [Re: Banker Sue]
Truffle Royale Offline

10K Club

Registered: 07/09/03
Posts: 14360
We don't use a specific form for a partial release. It's all in how you word it. After stating the recording information of the original mortgage in the spaces provided on your release form, just state something like "That portion of (the original legal) more particularly described as (the description of the portion you're releasing.)
_________________________
Your life is an occasion. Rise to it! Suzanne Weyn

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#700041 - 03/12/07 03:36 PM Re: Form - Partial Release of mortgage [Re: Truffle Royale]
Banker Sue Offline
100 Club

Registered: 05/20/04
Posts: 149
We have a standard release form used to be recorded. I was looking for a form that would be sent to loan operations to maintenance the loan. We have issues with the system not being updated and the file not being real evident of the value and release information. I was hoping someone had an internal form I could use to start from.

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#700077 - 03/12/07 04:00 PM Re: Form - Partial Release of mortgage [Re: Banker Sue]
Truffle Royale Offline

10K Club

Registered: 07/09/03
Posts: 14360
Wouldn't putting a copy of the recorded partial release in the file suffice? It has all the information you need. The mortgage amount isn't going to change due to the release unless there's a pay down amount involved and the system MUST show that.

Personally I'm against extra forms and documents that require information to be transfered correctly in order for them to be effective. Just another chance for error, imho.
_________________________
Your life is an occasion. Rise to it! Suzanne Weyn

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