Get Promissory Note Satisfaction - Evantage - Equity Trust Company

Filling out the Promissory Note Satisfaction form is an essential process for initiating a full or partial satisfaction of a note held within your IRA. This guide provides clear, step-by-step instructions to help users complete the form online, ensuring all necessary information is accurately submitted.

Follow the steps to complete the form successfully.

1. Use the ‘Get Form’ button to access the form and open it in your editor.
2. Provide your account holder information, including your name, account number, email address, and preferred daytime phone number.
3. Select a processing preference by checking either 'Expedited Processing Service' for quicker service or 'Normal Processing Service.'
4. Fill out the note information section, including the borrower's name, original loan amount, collateral description, and original percentage of ownership.
5. Indicate whether there will be a replacement by selecting 'Yes' or 'No' and provide the necessary details if applicable.
6. Choose the type of satisfaction by checking either 'Full Satisfaction of Note' or 'Partial Satisfaction of Note.' Provide relevant details including approximate sale price, expected payoff date, and approximate cash to be received.
7. If opting for partial satisfaction, specify the approximate payoff/sale amount, expected payoff date, and the new asset value, along with a brief description of the remaining asset.
8. List any documents requiring signatures by Equity Trust Company in the appropriate section, along with any processing fees.
9. Complete the delivery instructions section by providing the receiving address for the signed documents and select your preferred mailing option.
10. Review all entered information for accuracy and completeness before proceeding.
11. Save your changes and choose options to download, print, or share the completed form online.

Start filling out your Promissory Note Satisfaction form online today to ensure a smooth process.