Demand Letter for Security Release after Loan Repayment

Name: Demand Letter for Security Release after Loan Repayment
Brand: SheriaPlex
SKU: DOC-691
Price: 200 KES
Availability: InStock

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Microsoft Word (Editable)

Pages

Price: KES 200

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Document Overview

A Demand for Security Release after Loan Repayment Demand Letter is a formal written request sent by a borrower (individual or company) to a lender demanding the return or release of security (such as a logbook, title deed, or share certificate) that was pledged for a loan, after the loan has been fully repaid.

Key Components:
1. Sender’s Details
2. Recipient’s Details
3. Date of the Letter
4. Subject/Reference Line
5. Reference to the Loan Agreement
6. Description of the Security Provided
7. Statement of Non-Release
8. Formal Demand for Immediate Release
9. Deadline for Compliance
10. Consequences of Non-Compliance
11. Polite but Firm Closing
12. Signature Block

Purpose:
1. To formally notify the lender of their obligation to return the security or discharge any encumbrances.
2. To give the lender a final opportunity to comply voluntarily without being sued.
3. To create a documented record of your attempt to resolve the issue amicably.
4. To protect your ownership rights over your property (e.g., reclaim your logbook or land title).
5. To strengthen your legal case if court action becomes necessary.

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Demand Letter for Security Release after Loan Repayment

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