The Lien Release Request Form is a crucial document in Indian property and security interest transactions, used when a borrower or property owner seeks to clear encumbrances from their assets. This document becomes necessary when the underlying debt or obligation secured by the lien has been fully satisfied, and the property owner requires formal documentation to clear the title. The form must comply with Indian legal requirements, particularly the Transfer of Property Act 1882, Registration Act 1908, and relevant state laws. It typically includes detailed information about the parties involved, property description, original lien details, and evidence of debt satisfaction. The document may require registration with local authorities and often needs to be accompanied by supporting documentation proving the satisfaction of the underlying obligation.
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1. Requester Information: Full legal name, address, and contact details of the party requesting the lien release
2. Lienholder Information: Complete details of the lienholder including name, address, and any reference numbers
3. Property/Asset Description: Detailed description of the property or asset subject to the lien, including registration numbers, addresses, or identifying details
4. Lien Details: Information about the original lien including date of creation, amount, and any reference numbers
5. Release Request Statement: Formal request statement for the release of lien, confirming that all obligations have been satisfied
6. Declaration: Statement confirming the truth of information provided and authorization to submit the request
7. Signature Block: Space for date, signature, and details of the requesting party
1. Multiple Lienholder Section: Additional section when there are multiple lienholders involved in the release
2. Partial Release Details: Used when requesting release of only a portion of the property or asset from the lien
3. Attorney Authorization: Required when the request is being made through a legal representative
4. Notarization Block: Required in jurisdictions where the form needs to be notarized
5. Consideration Details: Section detailing any payment or consideration given for the release of lien
1. Property Details Schedule: Detailed legal description of the property, including survey numbers, boundaries, and measurements
2. Payment Evidence: Copies of payment receipts, satisfaction of debt proof, or other relevant financial documentation
3. Original Lien Documentation: Copies of the original lien registration documents or agreements
4. Identity Proof: Copies of required identity documents of the requesting party
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Credit Administration
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Property Manager
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Company Secretary
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Mortgage Specialist
Property Rights Attorney
Asset Manager
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