Alabama Code (Last Updated: November 28, 2014) |
Title35 PROPERTY. |
Chapter10. MORTGAGES. |
Article5. Alabama Residential Mortgage Satisfaction Act. |
§35-10-97. Effect of recording affidavit.
Latest version.
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(a) Upon recording, an affidavit complying with the requirements of this article constitutes a termination of the security interest described in the affidavit.
(b) The recording of an affidavit of satisfaction of a security instrument does not extinguish, offset, or otherwise affect any responsibility or liability of a person for payment or performance of the debt or other obligation secured by the security instrument.