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Financial Services Law Insights and Observations

North Carolina Amends Methods for Recording Satisfaction of a Security Instrument

State Issues

On June 23, North Carolina House Bill 312 (Bill) was approved, which amends the methods for recording a satisfaction of a security instrument with the register of deeds, clarifies the requirements for electronically registering plats with the register of deeds, and amends restrictions on access to military discharge documents recorded with the register of deeds. The section of the Bill regarding access to military discharge documents became effective when the Bill became law, and the remainder of the Bill will become effective October 1, 2011.