Discharges of Securities
The PSG have also provided two letters of undertaking dealing with the most commonly encountered situations for delivery of a discharge of a standard security:
To distinguish the post 2012 Act letters from the pre 2012 Act letters we refer to the new letters as letters of undertaking.
The PSG has produced a letter of undertaking dealing with obligations by a Borrower to a Lender immediately following completion of a security transaction:
Letter of undertaking by Borrower’s solicitor to Lender’s solicitor about completion matters (v2)
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