The Lien Satisfied Legal Owner Title Holder Release is a critical document in Canadian secured transactions, used when a debtor has fully satisfied their obligations under a security agreement or lien. This document is essential in various contexts, including vehicle financing, equipment leases, construction liens, and other secured transactions where property or assets have been used as collateral. It must comply with provincial Personal Property Security Act (PPSA) requirements and other relevant legislation, varying slightly by province or territory. The document typically includes detailed information about the original lien, the property involved, confirmation of payment satisfaction, and formal release language. It serves multiple purposes: providing legal evidence of lien satisfaction, enabling the debtor to obtain clear title, and protecting the lien holder from future claims regarding the discharged security interest.
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1. Date and Parties: Full legal names and addresses of the Lien Holder and Title Holder/Debtor
2. Property Description: Detailed description of the property that was subject to the lien, including all relevant identification numbers, registration details, or serial numbers
3. Lien Details: Reference to the original lien, including registration number, date of registration, and amount
4. Confirmation of Payment: Statement confirming that all obligations have been satisfied and payment has been received in full
5. Release Statement: Formal declaration releasing all claims and interests in the property
6. Authorization: Statement authorizing the removal/discharge of the lien from relevant registries
7. Execution Block: Signature blocks for all required parties, including witness provisions if required
1. Notarization Block: Required in jurisdictions where notarization is mandatory or when requested by the receiving party
2. Additional Secured Party Release: Required when there are multiple lien holders or secured parties
3. Partial Release Statement: Used when only a portion of the property or collateral is being released
4. Surviving Obligations: Statement of any obligations that survive the release, if applicable
5. Return Instructions: Instructions for returning the original title or documentation to the owner
1. Schedule A - Property Description: Detailed technical description of the property when too lengthy to include in main document
2. Schedule B - Payment Confirmation: Details of payment including date, amount, and method when complex payment history needs to be documented
3. Appendix 1 - Original Lien Documentation: Copies of original lien registration or security agreements being released
4. Appendix 2 - Supporting Documents: Any additional supporting documentation such as title searches or registration confirmations
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Automotive
Real Estate
Construction
Manufacturing
Equipment Leasing
Transportation and Logistics
Agriculture
Mining and Resources
Commercial Lending
Asset Finance
Industrial Equipment
Relevant Teams
Legal
Finance
Credit and Collections
Risk Management
Compliance
Operations
Document Management
Corporate Services
Property Administration
Asset Management
Relevant Roles
Legal Counsel
Finance Manager
Credit Manager
Collections Manager
Loan Officer
Contract Administrator
Risk Manager
Corporate Secretary
Compliance Officer
Property Manager
Asset Manager
Title Clerk
Legal Administrator
Security Registration Specialist
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