Security Interest, Acknowledgment of Release provided to inform you about this document in question and assist you in its preparation. This letter is important housekeeping. Many Security Interest’s are not properly and formally released and acknowledged upon their extinguishment. You need to get after the problem, should you have it, and get all Security Interests related to your personal and corporate affairs released promptly, and filed accordingly, should that be necessary.The above multiple part communication keeps all matters together in one letter, signed off by the various parties. When you get signed copies back, file them to extinguish UCC filings against any of the equipment or property. We advise you have your lawyer do it because it is a procedural matter they are best qualified to handle. You can modify this document to get similar releases for your inventory, accounts receivable, and other kinds of property.
- Keep multiple copies. One should be in the specific file or files relating to your property where the release is being given. Another copy should be kept in your financial records. And a third in your corporate records.