Demand Letter for Release of Guarantee or Security

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Document Overview

A Demand Letter for Release of Guarantee / Security is a formal written request to a lender, bank, company, or other party asking them to return a guarantee or security they are still holding after the underlying obligation has ended.

Examples of guarantees/security:

1. Title deed deposited with a bank for a loan
2. Logbook of a vehicle pledged as collateral
3. Bank guarantee or performance bond issued for a contract
4. Personal/corporate guarantee signed to back up a loan or obligation.

Purpose:
1. To request return of property
2. The letter acts as proof that you demanded release before taking legal action.
3. To prevent wrongful holding — sometimes banks or companies delay returning collateral; the letter asserts your rights.
4. It gives the other party a chance to comply voluntarily before you file a case.
5. aving your guarantee/security released shows you have fully met your obligations.

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Demand Letter for Release of Guarantee or Security

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