Release of Promissory Note

Release of Promissory Note

End your obligations under a Promissory Note (IOU form) after a debt is paid with this release form and  reduce the likelihood of future legal issues arising.

In Nolo's signature plain-English style, you'll get thorough instructions for completing the release, as well as instructions for signing the form.

See below for a full product description.

 

 

In consideration of full payment of the debt evidenced by the promissory note dated , which set out terms for repayment of a loan of $, Noteholder, releases and discharges ,  Borrower, from any claims or obligations on account of this note.

Noteholder intends that this release bind and benefit both Noteholder and any successors.

 

 

Signature: ________________________________________
Date: ____________________________________________
Noteholder: 

 

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1-Year Subscription

Price: $34.99

End your obligations under a Promissory Note (IOU form) when the debt's been paid with a release form

Once a borrow has paid off a debt to you under a Promissory Note, you'll want to definitively end both parties' obligations under the note. This clear and straightforward form, Nolo's Release of Promissory Note, will help reduce the likelihood of future legal issues arising from the repayment of a debt. 

In Nolo's signature plain-English style, you'll get thorough instructions for completing the release, as well as instructions for signing the form.

Plus, you'll receive instructions for how to cancel liens on property that the borrower used to secure the property, and how to have your document notarized to avoid later challenges to its validity.

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