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A Guarantee Cancellation Letter to Bank is utilized when a guarantor wishes to formally terminate their guarantee obligations to a bank under New Zealand law. This document is commonly required when the original loan has been repaid, when refinancing occurs, or when there's a change in security arrangements. The letter must comply with New Zealand banking regulations and the Property Law Act 2007, containing specific reference information, clear identification of the guarantee being cancelled, and formal cancellation request language. Banks in New Zealand typically require this formal written request before processing a guarantee cancellation, and the letter serves as documentary evidence of the cancellation request. The document should reference any relevant guarantee agreements, loan facilities, and include all necessary identifiers to ensure proper processing by the bank.

1. Sender Details: Full name, address, and contact information of the guarantor

2. Bank Details: Name and address of the bank branch, specific department if applicable

3. Reference Information: Guarantee reference number, associated loan/facility numbers, and any other relevant identifiers

4. Guarantee Identification: Clear details of the guarantee being cancelled, including date of original guarantee and amount

5. Principal Debtor Details: Information about the primary borrower whose obligations were guaranteed

6. Cancellation Request: Formal request for cancellation of the guarantee, citing any relevant terms from original guarantee document

7. Return of Original Documents: Request for return of original guarantee documents if applicable

8. Confirmation Request: Request for written confirmation of the guarantee cancellation