This sample form, a detailed Termination Statement document, is for use in the computer, internet and/or software industries. Adapt to fit your circumstances. Available in Word format.
If you skip filing a termination statement, creditors might think the debt is still active, which could lead to a world of headaches down the road.
Yes, many times you can file it online, which is a real time-saver and a convenient option for busy folks.
Processing times may vary, but generally, it shouldn't take too long. Just be patient; good things come to those who wait.
You can usually find the form on the official website of the Tennessee Secretary of State or at your local clerk's office.
Typically, the creditor or the party that filed the original lien needs to file a termination statement to clear the record.
A termination statement is a document that officially cancels a prior financing statement, letting everyone know that a debt has been settled or a lien has been removed.