This release may be used in those situations when the release is based on something other than payment in full of the underlying note. For example, the note may be satisfied by a gift from the bearer of the note of release from the obligation. Another situation may involve a release of the note based on a concurrent release of a claim that the maker of the note holds against the holder of the note.

You may also be interested in these additional forms:

?ú Promissory Note
?ú Security Agreement

This form can be used in all states.