A Release of Collateral Letter is a legal template that sets out the terms and conditions for the release of collateral used as security for a loan or debt. 1. At the top of the request form, insert Requesting Bank Name, Bank Tax ID, and the.Delivery Date Requested. 2. This collateral agreement template is what you need to secure an item of value as collateral for monetary debt. This document is a collateral release request and acknowledgement form for an auto or housing loan. It requests the release of collateral documents. For guidance on the release of information from the RIL, refer to the NC Child Welfare manual. 3. What is New Hire Reporting?