Release of Promissory Note Form is devised to annul the promissory note previously signed by the borrower upon the full and final settlement of the principal loan amount and interest as applicable. This document issued by the lender discharges the borrowers from obligations towards the loan repayment if any.

The customer satisfaction survey at Uber works just like feedback, in the fact that you’re rating the driver and your experience. These guys have made it extremely easy for you to let them know how satisfied you were as a passenger, using a scale question in the form of stars. SATISFACTION LETTER This is to certify that the vehicle bearing registration No. Has been fully repaired up to my under policy No. Satisfaction and also is confirmed that the parts allowed by RICBL for replacement has been replaced. Therefore I have no objection to the workshop as well as to RICBL for my repaired vehicle. Signed on dated. Promissory note release form is also known as release of debt form, satisfaction and release form, satisfaction of debt form and loan release letter. A vendor satisfaction survey is intended to help suppliers and vendors evaluate their client's satisfaction with regards to their business dealings. This survey template aims to identify the requirements of the client and the factors that can strengthen the vendor-customer relationship.

Notarization of the release form is not mandatory; however, doing so provides peace of mind and inhibits the claims if any. Signature of one neutral witness is required. Review the original promissory note to figure out any means of the termination of the same prescribed in it. It is necessary to carry out such mode in addition to the release form. Furnish particulars in every blank space offered in the form. The lender must sign and issue the Release of Promissory Note Form only upon the receipt of the payment towards full and final settlement of the principal loan and interest.

Before Commencing

• Read the promissory note carefully for any procedural action necessary for the release.
• Furnish all details carefully for the legal standing of the Release of Promissory Note Form.
• Signature of neutral witness is necessary; however, notarization of the form limits the possibilities of claims if any.
• The lender must acknowledge the full receipt of payment and sign the release form to discharge the obligations.
• Furnish particulars pertaining to the previously signed promissory notes descriptively to quantify the Release of Promissory Note Form and its contents.

Begin by providing the names and addresses of the borrower/s and lender/s. Specify particulars of each party involved in the transaction and use a separate line for each person. All the names and addresses of the parties signing and executing the promissory note must appear in the Release of Promissory Note Form. Specify the roles of the parties as borrower/s and lender/s by providing the name/s in the appropriate spaces.

In the next section, the lender acknowledges the receipt of the full and final payment towards the promissory note. Specify the date of issuance of the promissory note followed by the amount of the principal loan amount and accrued interest in words and figure. The lender further releases the borrower from obligations of all sorts by signing the release form.

The last portion of the release form has space reserved for furnishing the date of issuance of the release form followed by the space provided for the lender’s signature. Insert the date and the lender/s must sign in the space allocated for the same. The witness must sign in conformity to the lender signing the release form.

Text Version of this Form

Full Names _______________________________________________
Address__________________________________________________

Full Names _______________________________________________
Address__________________________________________________
(Hereinafter referred to as the Borrower/s)

Full Names _______________________________________________
Address__________________________________________________
(Hereinafter referred to as the Lender)

The Lender hereby acknowledges receipt of the full payment of the Promissory Note dated ______________________20____ in the principal loan amount of __________________ Dollars ($_________) as well as receipt of full payment of any interest accrued.

The Lender therefore releases the Borrower(s) from all obligations under this Note and this release shall be binding upon the Lender’s successors, legal representatives and assigns.

The Lender warrants that the Note referenced has not been assigned, ceded, transferred or sold to a third party and warrants his/her authority as Noteholder to issue this Promissory Note Release.

Signed on this _______day of _____________________20______.

____________________________________
Lender

____________________________________
Witness

Release of Promissory Note Form Reviews

owner

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.

Promissory Note Satisfaction

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.

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

Customer Satisfaction Note Format

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.