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Promissory Note Release Form |
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The promissory note release form is a document that had allowed a lender whether in business but, this particular form, would generally be used between two individual parties, to provided a loan in an agreement that the borrower would promise to return the funds back to the lender.
This document shall provide proof from the lender, that the borrower has made payment in full to the and that the borrower (and any of their successors) would be now fully released of any further responsibility to the lender and the agreement.
How to Write
Step 1 – Download in Adobe PDF (.pdf).
Step 2 – Lender (Noteholder) and Borrower – The lender must enter the following information:
- Date of the release in mm/dd/yy format
- The amount of the note
- The name of the Noteholder (lender)
- The noteholder’s complete address
- AND
- Enter the name of the borrower (who shall be released from the note)
Step 3 – Noteholder’s (lender’s) Signature –
- Date the lender’s signature in mm/dd/yy format
- The Noteholder, must provide their signature
- The Lender must provide, their printed name
Once the release has been completed and signed, by the lender, the lender must make a copy of the document for their own records, providing the borrower, now released , the original copy of the document.
