(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.
Structure Code of Alabama
Article 5 - Alabama Residential Mortgage Satisfaction Act.
Section 35-10-90 - Short Title; Application; Definitions.
Section 35-10-91 - Payoff Statement; Notice.
Section 35-10-92 - Submission of a Satisfaction of a Security Instrument for Recording.
Section 35-10-93 - Service as a Satisfaction Agent.
Section 35-10-94 - Notification by Satisfaction Agent to Secured Creditor.
Section 35-10-95 - Conditions for Satisfaction Agent to Sign and Submit Affidavit for Recording.
Section 35-10-96 - Affidavit of Satisfaction Requirements.