Creditor Release Form

Credit release form is a legitimate document being commenced between a creditor and a debtor in order to declare certain official terms validated by both the parties for owing some amount of money. A creditor may be a finance firm/ individual or a bank, whereas the debtor can be an individual/ firm/ organization.

Sample Creditor release form:

Details of the creditor:

Name of the finance company/ individual creditor: _________________________

Name of the concerned department: _______________

Name of the H.O.D: _____________________________

Authorized Address: _____________________________

Official contact number: _________________________

E-mail id: _____________________________________

Website: ______________________________________

Company registration number: ____________________

Details of the debtor:

Name of the company/ firm/ unit: individual: ______________________

Name of the concerned person: __________________________________

Designation: __________________________________________________

Authorized Address: ___________________________________________

Contact number: ______________________________________________

E-mail id: _____________________________________________________

Social security number/ TIN number: ______________________________

Terms & clauses of creditor release form:

Date of release: ____/ ____/ ____

The creditor has owned a total sum of $ _____________ at a rate of internet _______% per month to the above mentioned debtor for a duration of ____ years which ends at ____/ ____ / ____

Any sort of non- payment of instalments or any violation noticed to the above mentioned clause can breach this creditor release document. In such a case, the property (as a guarantee of the debtor) total cost of $ __________ will be sold out by the creditor to recover the remaining sum including interest.

For office use only:

Signed by the creditor: ________________

Signed by the debtor: __________________

Date: ___/ ____/ ___

Legitimate seal: _______________

Category: Release Forms