Texas Pagaré - Satisfacción y Liberación - Promissory Note - Satisfaction and Release

• Category: Pagarés - Cancelaciones - Satisfacción
• State: Multi-State
• Control #: US-00600
• Format: Word

Description

This form is a Promissory Note. The form provides notification that the lender has issued a satisfaction and release to the borrower. All claims against the borrower and his/her heirs have been permanently discharged. Texas Promissory Note — Satisfaction and Release is a legal document executed by a lender (the payee) who holds a promissory note against a borrower (the maker) in the state of Texas. This document serves as evidence that the underlying debt has been fully repaid, releasing the borrower from any further obligations under the promissory note. Keywords: Texas, Promissory Note, Satisfaction, Release, lender, borrower, legal document, debt, obligations. In Texas, there are primarily two types of Promissory Note — Satisfaction and Release: 1. Full Satisfaction and Release: This type of promissory note is used when the borrower has fully repaid the debt owed to the lender, including any principal amount, interest, and possible fees. Once the lender receives the complete payment, they release the borrower from all liabilities mentioned in the original promissory note. 2. Partial Satisfaction and Release: This type of promissory note is employed when the borrower has made a partial payment towards the debt but not the entire outstanding amount. It acknowledges the partial payment received by the lender and releases the borrower from the specific portion paid, while the remaining debt and obligations remain in effect until fully satisfied. These promissory note — satisfaction and release documents in Texas contain important elements such as: 1. Names and Contact Details: The legal names and addresses of both the lender (payee) and borrower (maker) are clearly stated in the document. 2. Date: The date of execution, specifying when the promissory note — satisfaction and release is being created. 3. Original Promissory Note Details: The key details of the original promissory note, including its execution date, principal amount, interest rate, repayment schedule, and any other terms specific to the original agreement. 4. Payment Details: The exact amount paid towards the debt by the borrower is mentioned, including dates and method of payment. 5. Full or Partial Satisfaction: Clearly indicating if the satisfaction and release are full or partial, ensuring the borrower understands the remaining outstanding balance, if any. 6. Release of Obligations: An explicit statement by the lender that, upon receipt of payment outlined in the promissory note — satisfaction and release, they release the borrower from any further liabilities, claims, or demands associated with the original promissory note. 7. Governing Law: Stating that the promissory note — satisfaction and release is subject to the laws of the state of Texas, ensuring legal validity. It is essential to consult an attorney or legal professional to ensure the Texas Promissory Note — Satisfaction and Release complies with all applicable laws and accurately reflects the agreement between the lender and borrower.

Texas Promissory Note — Satisfaction and Release is a legal document executed by a lender (the payee) who holds a promissory note against a borrower (the maker) in the state of Texas. This document serves as evidence that the underlying debt has been fully repaid, releasing the borrower from any further obligations under the promissory note. Keywords: Texas, Promissory Note, Satisfaction, Release, lender, borrower, legal document, debt, obligations. In Texas, there are primarily two types of Promissory Note — Satisfaction and Release: 1. Full Satisfaction and Release: This type of promissory note is used when the borrower has fully repaid the debt owed to the lender, including any principal amount, interest, and possible fees. Once the lender receives the complete payment, they release the borrower from all liabilities mentioned in the original promissory note. 2. Partial Satisfaction and Release: This type of promissory note is employed when the borrower has made a partial payment towards the debt but not the entire outstanding amount. It acknowledges the partial payment received by the lender and releases the borrower from the specific portion paid, while the remaining debt and obligations remain in effect until fully satisfied. These promissory note — satisfaction and release documents in Texas contain important elements such as: 1. Names and Contact Details: The legal names and addresses of both the lender (payee) and borrower (maker) are clearly stated in the document. 2. Date: The date of execution, specifying when the promissory note — satisfaction and release is being created. 3. Original Promissory Note Details: The key details of the original promissory note, including its execution date, principal amount, interest rate, repayment schedule, and any other terms specific to the original agreement. 4. Payment Details: The exact amount paid towards the debt by the borrower is mentioned, including dates and method of payment. 5. Full or Partial Satisfaction: Clearly indicating if the satisfaction and release are full or partial, ensuring the borrower understands the remaining outstanding balance, if any. 6. Release of Obligations: An explicit statement by the lender that, upon receipt of payment outlined in the promissory note — satisfaction and release, they release the borrower from any further liabilities, claims, or demands associated with the original promissory note. 7. Governing Law: Stating that the promissory note — satisfaction and release is subject to the laws of the state of Texas, ensuring legal validity. It is essential to consult an attorney or legal professional to ensure the Texas Promissory Note — Satisfaction and Release complies with all applicable laws and accurately reflects the agreement between the lender and borrower.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.