AR SB937

Allows recording of a "satisfaction affidavit" to release a mortgage, deed of trust, or lien if the mortgagee fails to acknowledge satisfaction within 60 days of being requested.

Permits licensed attorneys (who prepared the original instrument or represent the satisfied party) and licensed title agents to execute and record the satisfaction affidavit.

Requires the satisfaction affidavit to be sworn and notarized, clearly titled, and include the original parties' names, recording information, payment date and amount, and confirmation that 60+ days have elapsed since the satisfaction request.

Establishes a form template for the satisfaction affidavit and requires county recorders to record and index it the same manner as a standard acknowledgment of satisfaction.

Declares an emergency effective immediately due to low interest rates making mortgage refinancing favorable and delays in mortgage release causing substantial harm to borrowers.