[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Cancellation and Satisfaction of Promissory Note Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to officially transmit the cancellation and satisfaction of the promissory note(s) associated with our previous agreement. Please consider this letter as a formal notification of the complete settlement of the outstanding debt. I, [Your Name], hereby confirm that I have fulfilled all the terms and conditions mentioned in the promissory note(s) executed on [date(s)] for the purpose of the loan granted by [Lender's Name]. The original principal amount of the loan was [loan amount] with an interest rate of [interest rate], as stated in the promissory note. I am elated to inform you that the outstanding balance has been paid in full, including all interest charges as per the agreed-upon terms. The payment was made on [date of payment] and originated from my [bank name] account with the account number [account number]. A copy of the payment receipt has been enclosed with this letter for your reference. Furthermore, I request you to undertake the necessary actions to cancel and release any liens, mortgages, or other encumbrances that might have been placed on my properties or assets as collateral for the aforementioned loan. Additionally, kindly provide me with the necessary documentation confirming the cancellation and discharge of the promissory note(s). I would also appreciate it if you could forward a copy of this letter to any relevant credit bureaus or entities to ensure that accurate information is reflected on my credit report. Lastly, I would like to express my gratitude for your cooperation throughout the loan duration. It has been a pleasure doing business with you, and I am grateful for your faith in my ability to fulfill the financial obligations according to the agreed terms. Should you require any further clarification or documentation, please do not hesitate to contact me at [phone number] or via email at [email address]. Thank you for your prompt attention to this matter. I eagerly await your confirmation of the cancellation and satisfaction of the promissory note(s). Sincerely, [Your Name]