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    Discharge Authority BankWest 5.10.12

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    ganguly147147
    This document is a request form to release security, such as discharging a mortgage on a property, from a bank called Bankwest. It requires information about the borrower, details of the security being released, and authorization from all parties on the loan. The form collects information about the reason for release such as a property sale or refinancing, settlement details, and instructions for distribution of any funds from the transaction. Signatures are required from all borrowers to authorize the bank to collect fees and ensure debts are paid in full or reduced from settlement proceeds.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    Discharge Authority BankWest 5.10.12

    Uploaded by

    ganguly147147
    336 views2 pages
    This document is a request form to release security, such as discharging a mortgage on a property, from a bank called Bankwest. It requires information about the borrower, details of the security being released, and authorization from all parties on the loan. The form collects information about the reason for release such as a property sale or refinancing, settlement details, and instructions for distribution of any funds from the transaction. Signatures are required from all borrowers to authorize the bank to collect fees and ensure debts are paid in full or reduced from settlement proceeds.

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    Discharge Authority

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    This document is a request form to release security, such as discharging a mortgage on a property, from a bank called Bankwest. It requires information about the borrower, details of the security being released, and authorization from all parties on the loan. The form collects information about the reason for release such as a property sale or refinancing, settlement details, and instructions for distribution of any funds from the transaction. Signatures are required from all borrowers to authorize the bank to collect fees and ensure debts are paid in full or reduced from settlement proceeds.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    336 views2 pages

    Discharge Authority BankWest 5.10.12

    Uploaded by

    ganguly147147
    This document is a request form to release security, such as discharging a mortgage on a property, from a bank called Bankwest. It requires information about the borrower, details of the security being released, and authorization from all parties on the loan. The form collects information about the reason for release such as a property sale or refinancing, settlement details, and instructions for distribution of any funds from the transaction. Signatures are required from all borrowers to authorize the bank to collect fees and ensure debts are paid in full or reduced from settlement proceeds.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Release of Security

    Request Form
    Bankwest, a division of Commonwealth Bank of Australia ABN 48 123 123 124 AFSL / Australian credit licence 234945

    Important Information If you are a Relationship Managed customer please send this form to your Relationship Manager. For Retail discharges only please fax form to 1300 130 885. Please note: Incomplete instructions may cause a delay in settlement.

    Section 1 - Borrower/Guarantor/Company/Trust Information


    Important: All parties to the loan must sign this request, including guarantors. Title Surname Given name/s Contact number
    (
    ( (

    )
    ) )

    )
    )

    Full name of Company/Trust

    Contact number
    (

    Section 2 - Security/ies to be released


    Address 1 State Address 2 State Postcode Postcode

    Section 3 Details of release


    Discharge is required due to: Property Sale Please provide details of Settlement Agent/Conveyancer/Solicitor below. $ Anticipated Settlement Date Contact number
    ( )

    Is the sale unconditional/contracts exchanged? Yes No Are proceeds required for new lending with Bankwest? Yes No Sale Price (to ensure no shortfall at settlement) Company name Address Customer Address after settlement (if changing) Refinancing Company name Address Debt has been repaid Company name Address Please tick where applicable: Anticipated Settlement Date Contact number
    ( )

    DD/MM/YYYY

    Please provide details of Other Financial Institution below. Anticipated Settlement Date Contact number
    DD/MM/YYYY

    The title is required for a pending settlement. Please provide details of Settlement Agent/Conveyancer/Solicitor below.*
    DD/MM/YYYY

    I no longer have a debt with Bankwest. Please return my unencumbered title to the address below.* Address Change in Property Ownership Swapping Securities - I wish to maintain my current lending but change the security.* *The bank will contact you to confirm further instructions. Important Information I/We authorise you to collect a settlement fee plus any additional fees such as early termination fee or prepayment break cost and government fees for the monies received at settlement. I/We understand that the Bank will advise me/us of any fees applicable prior to settlement.

    Page 1 of 2 BWE-1178 011012

    Section 4 Funds Distribution


    Important: In exchange for the release of security referred to in Section 1, the Bank is to receive sufficient monies to clear/reduce all debts in the following accounts: Loan account number Paid in full? Yes No Yes No Yes No Any surplus funds, please credit to: Bankwest account number OR Other Financial institution Account name Special instructions BSB Account number If not, reduce debt to:

    Important Information If you nominate for surplus funds to be paid to a non-Bankwest-branded account it is your responsibility to ensure that the details (including account name, BSB and account number) are correct or your transfer may be unsuccessful or may be paid to an unintended account. We do not check that the details provided by you are correct. Any error in payment details may result in a loss of funds.

    Section 5 Authorisation - to be signed by all parties listed in Section 1


    I/We acknowledge that if more than one property secures my/our loans, the total loan amount advanced to me may be reduced to a level acceptable to the Bank Full name of customer 1 Date DD/MM/YYYY Date DD/MM/YYYY Date DD/MM/YYYY Date DD/MM/YYYY Signature

    Signature

    Full name of customer 2

    Signature

    Full name of customer 3

    Signature

    Full name of customer 4

    Important Information If you are discharging a property that secures multiple loan accounts, and if any of those loan accounts are remaining open, the Bank may require additional information to perform a serviceability assessment

    Office Use Only


    Approved: Relationship Manager (if applicable) Regional Sales Manager (if applicable)

    Page 2 of 2 BWE-1178 011012

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