Section 384:16-g Payment of Note. - New Hampshire Statutes

Upon payment in full of the outstanding principal, interest and other charges due on any loan made by any bank or subsidiary, the bank or subsidiary, or the assignee or successor in interest thereto, if any, shall mark plainly the note or a copy thereof with the words ""PAID IN FULL'' or ""CANCELLED'' and release or provide the borrower evidence to release any mortgage or security instrument no longer securing any indebtedness to the bank or subsidiary, or the assignee or successor in interest thereto, if any. If the original is retained by the lender, the original shall be returned within a reasonable period of time upon the written request of the borrower.

Source. 1995, 215:4, eff. Jan. 1, 1996.