PRINTER'S NO. 654
No. 586 Session of 1983
INTRODUCED BY FRYER, STUBAN, A. C. FOSTER, JR., SWEET AND LEVI,
MARCH 23, 1983
REFERRED TO COMMITTEE ON LOCAL GOVERNMENT, MARCH 23, 1983
AN ACT
1 Amending the act of May 28, 1715 (1Sm.L.94, Ch.208), entitled
2 "An ACT for acknowledging and recording of deeds," further
3 providing for satisfaction of mortgages and modernizing
4 certain language.
5 The General Assembly of the Commonwealth of Pennsylvania
6 hereby enacts as follows:
7 Section 1. Section IX of the act of May 28, 1715 (1Sm.L.94,
8 Ch.208), entitled "An ACT for acknowledging and recording of
9 deeds," is amended to read:
10 IX. And be it further enacted, That any mortgagee of any
11 real or personal estates in [this province] the Commonwealth,
12 having received full satisfaction and payment of all such sum
13 and sums of money as are really due to him by such mortgage,
14 shall, at the request of the mortgagor, enter satisfaction
15 either upon the margin of the record of such mortgage recorded
16 in the said office or by means of a satisfaction piece, which
17 shall for ever thereafter discharge, defeat and release the
18 same; and shall likewise bar all actions brought, or to be
1 brought thereupon.
2 Section 2. This act shall take effect immediately.
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