This form is one of the Uniform Conveyancing Blanks developed by Minnesota Uniform Conveyancing Blanks Commission pursuant to Minnesota Code Section 507.09. These forms, which pertain to the transfer of legal title of property from one person to another, or the granting of an encumbrance such as a mortgage or a lien, have been approved by the Commissioner of Commerce. The form is available here in PDF format.
The Hennepin Minnesota Satisfaction of Mortgage by Business Entity with Change of Name or Identity — Minn. Stat507.411— - UCBC Form 20.5.3 is a legal document used in Hennepin County, Minnesota, to record the satisfaction of a mortgage by a business entity that has undergone a change of name or identity. This form fulfills the requirements set forth by Minnesota Statute 507.411. When a business entity goes through a change of name or identity, it is essential to update the mortgage records to reflect this change accurately. The Hennepin Minnesota Satisfaction of Mortgage by Business Entity with Change of Name or Identity form ensures that the satisfaction of the mortgage is correctly recorded in the public records. This document acts as proof that the business entity has fulfilled its mortgage obligation on the property. The Hennepin Minnesota Satisfaction of Mortgage by Business Entity with Change of Name or Identity — Minn. Stat507.411— - UCBC Form 20.5.3 may have different types based on the specific circumstances of the name or identity change. Some possible types may include: 1. Voluntary Name Change: This type of satisfaction of mortgage occurs when a business entity voluntarily changes its name without any legal compulsion. It could be due to rebranding, mergers, acquisitions, or any other strategic business decision. 2. Legal Name Change: When a business entity changes its name through a legal process, such as court approval or governmental action, a satisfaction of mortgage with this specific type is required to update the property records with the new name. 3. Identity Change: This type of satisfaction of mortgage is used when the identity of the business entity undergoes a substantial change, such as a change in ownership, restructuring, or transformation from one legal entity type to another (e.g., from a corporation to a limited liability company). Regardless of the type, the Hennepin Minnesota Satisfaction of Mortgage by Business Entity with Change of Name or Identity — Minn. Stat507.411— - UCBC Form 20.5.3 must include relevant details such as the original mortgage information (mortgagee, mortgagor, property description), new business entity name or identity, effective date of the change, and signatures of authorized individuals. This document provides clarity and transparency in real estate transactions and protects the rights and interests of all parties involved. In conclusion, the Hennepin Minnesota Satisfaction of Mortgage by Business Entity with Change of Name or Identity — Minn. Stat507.411— - UCBC Form 20.5.3 is a crucial legal document used in Hennepin County to accurately record the satisfaction of a mortgage by a business entity that has undergone a name or identity change. It ensures transparency and acts as evidence that the mortgage obligation has been fulfilled. Various types of satisfaction of mortgage may exist, depending on the nature and circumstances of the name or identity change.The Hennepin Minnesota Satisfaction of Mortgage by Business Entity with Change of Name or Identity — Minn. Stat507.411— - UCBC Form 20.5.3 is a legal document used in Hennepin County, Minnesota, to record the satisfaction of a mortgage by a business entity that has undergone a change of name or identity. This form fulfills the requirements set forth by Minnesota Statute 507.411. When a business entity goes through a change of name or identity, it is essential to update the mortgage records to reflect this change accurately. The Hennepin Minnesota Satisfaction of Mortgage by Business Entity with Change of Name or Identity form ensures that the satisfaction of the mortgage is correctly recorded in the public records. This document acts as proof that the business entity has fulfilled its mortgage obligation on the property. The Hennepin Minnesota Satisfaction of Mortgage by Business Entity with Change of Name or Identity — Minn. Stat507.411— - UCBC Form 20.5.3 may have different types based on the specific circumstances of the name or identity change. Some possible types may include: 1. Voluntary Name Change: This type of satisfaction of mortgage occurs when a business entity voluntarily changes its name without any legal compulsion. It could be due to rebranding, mergers, acquisitions, or any other strategic business decision. 2. Legal Name Change: When a business entity changes its name through a legal process, such as court approval or governmental action, a satisfaction of mortgage with this specific type is required to update the property records with the new name. 3. Identity Change: This type of satisfaction of mortgage is used when the identity of the business entity undergoes a substantial change, such as a change in ownership, restructuring, or transformation from one legal entity type to another (e.g., from a corporation to a limited liability company). Regardless of the type, the Hennepin Minnesota Satisfaction of Mortgage by Business Entity with Change of Name or Identity — Minn. Stat507.411— - UCBC Form 20.5.3 must include relevant details such as the original mortgage information (mortgagee, mortgagor, property description), new business entity name or identity, effective date of the change, and signatures of authorized individuals. This document provides clarity and transparency in real estate transactions and protects the rights and interests of all parties involved. In conclusion, the Hennepin Minnesota Satisfaction of Mortgage by Business Entity with Change of Name or Identity — Minn. Stat507.411— - UCBC Form 20.5.3 is a crucial legal document used in Hennepin County to accurately record the satisfaction of a mortgage by a business entity that has undergone a name or identity change. It ensures transparency and acts as evidence that the mortgage obligation has been fulfilled. Various types of satisfaction of mortgage may exist, depending on the nature and circumstances of the name or identity change.
