OR Notice of Intent to Record Release of Trust Deed 1
NOTICE OF INTENT TO RECORD RELEASE OF TRUST DEED
Pursuant to Oregon Revised Statues 86.720
TO: ____________________________ DATED: ____________________________
RETURN RECEIPT # _________________
RE:Trust Deed secured by 1-4 family residential property
THE TRUST DEED TO BE RELEASED IS DESCRIBED AS FOLLOWS:
GRANTOR'S SUCCESSORS IN INTEREST, IF ANY: __________________________
RECORDING #: ______________________________________ COUNTY RECORDS
LOAN # ______________________________________
LEGAL DESCRIPTION: ___________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________
NAME OF BENEFICIARY TO WHOM THE PAYMENT WAS MADE: _____________________________________________________________
Date of payment: _____________ Amount of payment: ____________
ORS 86.140 requires that the beneficiary shall provide the Trustee with a request to reconvey within 30 days of the date of payment in full.
If a full reconveyance of trust deed has not been executed and recorded within 60 calendar days of the date the obligation was fully satisfied, then a title or escrow company is authorized to record a release of such Trust Deed.
Pursuant to the provisions of ORS 86.720, this is notice that a release of the above described Trust Deed will be prepared, executed and recorded by the undersigned company unless a written objection as provided by law is received by the undersigned company within 30 days of the date of this notice.
(Title or Escrow Company)
Notice of Intent to Record Release of Trust Deed, Form 20
No guidelines are available for this form at this time.