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DEED OF DISCHARGE OF DEBT

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Basic Info

  • Applicable Region UAE
  • Available Languages
    English & Arabic
  • Document No 0000302
  • Version V 1.0
  • Last Updated 10-12-2022
  • Reviews 0

Description

This document can be used by a lender or creditor when a debtor pays all their debts in full, or when the creditor releases a debtor from any financial liability arising out of the loan transaction to which the document relates. After completing the document, at least two copies of this document should be printed and signed by the lender. The lender should deliver a signed copy of the document to the borrower, who is required to keep it for record purposes.

Jurisdiction

This template is intended for use in the United Arab Emirates.

Before Execution

- The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.

- Please delete this front page together with the information contained in the headers, footers and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.

- Please remove the square brackets and all highlighting prior to signature.