REQUEST FOR A SATISFACTION/RELEASE OF LIEN
REQUEST FOR A SATISFACTION/RELEASE OF LIEN
Lender: _________________________________________________
Borrower: _________________________________________________
Loan No.: _________________________________________________
Title File No.: _________________________________________________
Enclosed please find a check for $____________________________, which represents payment in full of the above-referenced loan according to the payoff letter provided by your loan payoff department. Please send a satisfaction of mortgage in recordable form, to the address above within 30 days of payment as required by §706.05(10)(a) of the Wisconsin statutes.
IF THIS AMOUNT IS INSUFFICIENT TO PAY THE LOAN IN FULL, PLEASE APPLY IT TO ANY CHARGES, FEES AND INTEREST DUE, AND THEN AS A PARTIAL PREPAYMENT OF THE PRINCIPAL BALANCE. PLEASE ALSO CONTACT THE CLOSING DEPARTMENT IN THE OFFICE LISTED BELOW IMMEDIATELY.
Send the satisfaction and a copy of this letter with your satisfaction to:
_________________________________
(title company)
_________________________________
(address)
_________________________________
(city, state, zip)
_________________________________
(phone)
NOTICE TO LENDER
If this payment is for a HOME EQUITY LOAN or a REVOLVING CREDIT LINE, the undersigned hereby acknowledges that no additional funds have been disbursed since the date of the payoff letter, that all checks and charge cards have been destroyed, and hereby authorizes and instructs the lender to close and terminate the credit line immediately.
|____________________________________ |____________________________________ |
|Print Name: __________________________ |Print Name: __________________________ |
| | |
|Address of borrower, if moved: | |
| | |
|___________________________________________ | |
|___________________________________________ | |
|___________________________________________ | |
|___________________________________________ | |
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