Release of Collateral Requirement Letter for disaster loan servicing action request packages. About this document and download.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. San Jose, California 95134. Attn: Chief Financial Officer. It is estimated that the construction cost of the Project will be funded with: (i) the.