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#1980351 - 12/02/14 07:32 PM Paid Note Mailed to Customer X 2
Ginlyn, CRCM Offline
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Ginlyn, CRCM
Joined: Nov 2003
Posts: 300
Oklahoma
I posted this in the Oklahoma Forum but thought I would try here, also. This question was asked in that forum on 06/25/2010: Does Oklahoma state law require us to send a copy of a paid note to the customer?
A response was never given. In lieu of the original note papers (stamped "paid" with the date of payoff), our bank would like to begin sending a one page notification that the note has been paid -- less private information being mailed, more cost effective, etc. Of course, if a lien release is involved it would be included. Also, let the customer know we will retain the original for a certain time in the event it is wanted. Four years later, can any Okie banker or someone familiar with Oklahoma rules and regulations assist?

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Lending Compliance
#1981681 - 12/08/14 08:36 PM Re: Paid Note Mailed to Customer X 2 Ginlyn, CRCM
tuma Offline
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Joined: Feb 2003
Posts: 368
Here & There
Different forum, but this prior post may help.
Click HERE.

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