Interest to be discharged

You access the Previous Lender section by clicking the arrow to the left of Previous Lender section under the Interest to be discharged tab.

The Interest to be discharged section allows you to research select and add information about the previous lender. This information will be useful to prepare and process your Discharge file.

•Registered Lender: allow you to get the name and details of the current Lender by researching and selecting the name of the lender as written on the discharge document.

•Details : allow you to select and enter information that will be forwarded to the Lender when sending the Request for Payout Statement.

•Status: allow you to follow the steps related to the management process of Discharge.

Fields	Description
Registered Lender	Allows to research the name of the lender as written on the discharge document. (This information is displayed after you research the Lender using the Research button to right field)
Lender Info	Displays the Info of the lender (name and current address of the Lender) concerned by the Payout Request
Payout Request Sent	Allows to select and indicate that Payout Request was forwarded to the Lender
Certified Payout Statement received	Displays that the Certified Payout Statement was received
Reimbursement	Allows to select and indicate that the reimbursement was made.
No Outstanding Balance	Allow to indicate that there is no amount due to the Lender
Money sent to Lender, reference	Allow to indicate that the repayment has been made to the Lender
Reference # (check #, eft # …)	Allows to enter the reference number regarding the payment method
Amount sent to Lender	Allows to enter the refund amount given to the Lender
Authorization to Discharge	Indicates that the Authorization to Discharge has been received
Discharge Registered	Allows to select and indicate that the Discharge has been registered
Discharge Registration #	Allows to indicate the Discharge Registration number
Publish Date	Allows to indicate the Discharge Publish Date
Type	Pull-down menu allowing you to choose the type of Discharge document (full or partial)
Statement required for	Allows to indicate the date for which the statement is required
Comment to Lender	Allows to enter additional information to the Lender (text field)
Legal Description	Allows to select the Legal Description of the property referred by the Payout Request
Previous Borrower(s)	Allows to select Previous Borrower referred by the Payout Request
Nature of Document	Pull-down menu allowing you to choose the nature of Document
Registered Amount	Allows to indicate the amount of the guaranty as written on discharge document
Registration #	Allows to indicate the Discharge Registration number
Registration Date	Allows to indicate the Discharge Registration date
Registration Division	Pull-down menu allowing you to select the Registration Division where the Discharge was registered

The arrow to the left of the name allows showing or hiding information about Previous Lender.

The Add button top right of the page Previous Lender allows you to add a Previous Lender. You can add up to 10 Previous Lender.

Information about Legal Description and Current Registered Owner(s) previously entered in the Legal Description and Current Registered Owner(s) pages are automatically displayed in the new Previous Lender section. You can select Legal Description and Current Registered Owner concern by this request.

You must also research and select a new Lender in the Registered Lender section.