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Promissory Note RELEASE Form – Adobe PDF & Microsoft Word |
The promissory note release form is a document that is completed by a lender and provided to a borrower, when the final payment on the note has been paid. Once the document has been completed, the borrower would then be released from any further obligations and/or liabilities to the lender. If, in fact, the note had been secured at it’s inception, the lender would then be obligated to return any secured property (as well as the title or deed, if any) to the borrower, as in accordance with the original agreement.
How to Write
Step 1 – Download the Form – Submit the following:
- The borrower’s name
- Borrower’s mailing address
- Enter the amount that has been paid
- Submit the date that the note was paid in full in dd/m/yy format
- AND
- Enter the lender’s name
- Lender’s mailing address
- Submit the date of the release in dd/m/yy format
Step 2 – Signature – The lender must sign and date the form as follows:
- Lender’s Signature
- Date of signature in mm/dd/yyyy format
- Lender’s printed name
Both parties should retain a copy of the completed form, for their respective records. The lender should simply copy the document and hand the original to the borrower.
Promissory Note Release Form – Adobe PDF – Microsoft Word
