Requirements upon satisfaction of indebtedness (Section 38-35-124, C.R.S.)
Whenever all indebtedness secured by a lien on real property has been satisfied, Unless the debtor requests in writing that the lien not be released, the creditor or holder of the indebtedness shall within 90 days after the satisfaction of the indebtedness and receipt from the debtor the reasonable costs of procuring and recording the release documents necessary to release or satisfy the lien of record or, in the case of an indebtedness secured by a Deed of Trust to a Public Trustee, file with the Public Trustee the documents required for a release as prescribed by Section 38-39-102, C.R.S.
To execute a release of Deed of Trust, it is necessary to submit the following to the Public Trustee's Office:
- Request for Release of Deed of Trust Form signed by all holders of the Evidence of Debt (normally a Promissory Note) or their attorney or agent. Lenders' signatures must be acknowledged by a Notary Public.
- The original Evidence of Debt (Promissory Note) marked "Paid in Full," signed by holder(s) of the Evidence of Debt
- Copy of recorded Deed of Trust
- Public Trustee fee of $15.00 plus Clerk & Recorder's recording fee (NEW RECORDING FEE STARTING 1/1/17) of $13.00 for one page Release plus $5.00 for each additional page; check (for total of $28.00 for one-page Release or $33.00 for a two-page Release) should be made out to "Mesa County Public Trustee"