Release by Financial Institution (La. R.S. 9:5172) — Full Release – Jefferson Parish, LA

The Release by Financial Institution (La. R.S. 9:5172) — Full Release is the Jefferson Parish Clerk of Court form, printed as "Request for Cancellation of Mortgage or Privilege and Release by Licensed Financial Institution Pursuant to R.S. 9:5172," that asks the Clerk of Court and Ex-Officio Recorder of Mortgages to cancel a recorded mortgage or privilege.

In the form, the institution declares that it is a licensed financial institution as defined in R.S. 9:5172 et seq. and that one of two statements is true. Either (1) it was the obligee, or the authorized agent of the obligee, of the secured obligation when the obligation was extinguished, and the obligation has been paid, satisfied or extinguished; or (2) it is the obligee or authorized agent of the obligee and it releases the mortgage or privilege.

The form then identifies the inscription to be cancelled: who granted the mortgage or privilege, in whose favor, the date of the instrument, the parish of recordation (printed as JEFFERSON), the recording data and the legal description, which may be written in or attached as Exhibit "A". A statement printed on the form provides that the recorder of mortgages is not liable for damages resulting from cancelling a mortgage or vendor's privilege under this form.

The Clerk's forms page lists this document among the Releases (Cancellations of Mortgage Inscriptions) under Mortgage & Conveyance / UCC. It is the full-release version; the Clerk lists a separate Partial Release by Financial Institution (La. R.S. 9:5172) — Partial Release, and other releases for different situations, such as Release by Obligee of Record (La. R.S. 9:5169) and Release by Lost Note Affidavit (La. R.S. 9:5167(A)).

The main user is a licensed financial institution, as defined in R.S. 9:5172 et seq., that is the obligee or the authorized agent of the obligee of an obligation secured by a mortgage or privilege recorded in Jefferson Parish and wants the whole inscription cancelled. The institution acts through its duly authorized officer or officers, who sign the form.

The form offers two signature routes: one authorized officer signing before a Notary Public, or two authorized officers of the institution signing. The Clerk's forms page adds that cancellations filed in Jefferson Parish must be in authentic form, executed before a Notary Public and signed by the affiant and two witnesses of lawful age, so confirm with your notary or attorney which route fits your document.

Do not use this form for a partial release: the Clerk lists a separate Partial Release by Financial Institution form. Other releases, such as release by prescription, by lost note affidavit or by obligee of record, have their own forms.

The Clerk publishes its forms as samples for qualified notaries or attorneys only, and Clerk of Court employees are prohibited from providing legal advice or assistance with completing any form.

Use the form when a licensed financial institution that is the obligee, or the obligee's authorized agent, needs a recorded mortgage or privilege in Jefferson Parish cancelled: either because the secured obligation has been paid, satisfied or extinguished, or because the institution chooses to release the mortgage or privilege. The form prints no deadline of its own, and the Clerk's forms page sets none for it. The release is submitted whenever the institution is ready to request cancellation, accompanied by the Request to Cancel Inscription(s) form that the Clerk requires with all cancellation documents.

The form is addressed to the Clerk of Court and Ex-Officio Recorder of Mortgages for Jefferson Parish. The form and the Clerk's forms page at https://jeffparishclerk.gov/forms/ name no mailing address, portal or appointment rule, so confirm the delivery method with the Clerk of Court's office.

What the package must contain, according to the Clerk's forms page:

• The completed and signed release, in authentic form as described there.
• A Request to Cancel Inscription(s) form, complete with MOB & Folio and/or Instrument Number and the name and address of the party requesting cancellation.
• The appropriate fees. The Clerk's Fees page lists the applicable charges; the amount is not on this form.

The Clerk's page also says forms may be retyped to suit specific circumstances, but all language and required information must be preserved. FillingPDF lets you fill out and download the PDF; submission follows the Clerk of Court's channels.