Release of Loan Agreement Free

Under   2.7   minutes
Last updated   2020-04-01 16:37:10
Formats Word and PDF

A release of Loan Agreement is a receipt given to the Borrower by the Lender once the terms of the Promissory Note are satisfied.

Complete the wizard & download the document
Start wizard
Release of Loan Agreement preview
How does it work?
1
Answer questions
2
Complete the wizard
3
Download document

Template overview Template Overview

A release of Loan Agreement is a receipt given to the Borrower by the Lender once the terms of the Promissory Note are satisfied. This means that the borrower has already repaid the loan amount plus interest (if applicable) to the lender. This receipt is a written release record and can be used in court disputes. Note that it has to be sent through certified mail.

Tip: How to modify the template

You fill out a form. The document is created before your eyes as you respond to the questions.

At the end, you receive it in Word and PDF formats. You can modify it and reuse it.

How to use this template How to use this template

The lender can use this document to release the borrower from any obligations (made in the Promissory Note). Usually, this happens when the borrower repays the loan.

The document shall be completed by the lender and signed at the bottom of the document. Both parties should keep a copy in case any future disputes arise.

Applicable law Applicable law

In the US, Article III of the Uniform Commercial Code (the "UCC") governs Promissory Notes.
 

Ready to build your document from this template?

Not sure what you need?
Ask for support
Call and speak to one of our consultants or leave message:
Back to templates list
preloader