Family loan release agreement
The loan is repaid. Keep the good feeling.
For a Chipkie loan repaid in full. Your Settlement Agreement and Mutual Release records what was borrowed and repaid, and the release of both parties from further claims over that loan.
US$7.95
One-off payment in USD.
No subscription.
Added to a Chipkie loan once it has been repaid in full.
Settlement Agreement and Mutual Release
A clear record of a loan repaid.
- The original loan
- What was borrowed and repaid
- The release
- Settlement recorded in writing
- Both parties
- Review and sign online
- For a loan repaid in full
- Signed document to keep
- Clear terms for both sides
What does a family loan release agreement do?
Repaying the money is an important moment. A Settlement Agreement and Mutual Release gives both parties a written record that the loan has been settled in full. Chipkie prepares it from your existing loan and repayment record, so you can close that chapter with a document you both sign and keep.
The loan is finished. Keep the record.
More than a document.
A record to keep.
Keep the end of the loan as clear as the beginning.
All included for US$7.95
A clear record of repayment
Bring together what was borrowed and what was repaid, using your Chipkie loan record.
Both parties sign
The lender and borrower review the release and complete the signing process online.
The completed document
Keep a signed PDF of your Settlement Agreement and Mutual Release with your original loan paperwork.
A repayment certificate
Your purchase also includes a repayment certificate for your own records.
A clear path from
repaid to recorded.
Start with the existing loan in your Chipkie account.
Finish repaying the loan
This release becomes available once your Chipkie loan has been repaid in full.
Open your Chipkie loan
Sign in, find the repaid loan and add the release from its loan page.
Review, sign and keep
Both parties review the details and follow the signing instructions. Keep the completed PDF and repayment certificate.
Before you begin
- An existing Chipkie loan that has been repaid in full
- Access to the Chipkie account holding your loan
- A check that the recorded borrowing and repayments are correct
- Both parties ready to review and follow the signing instructions
The right document.
At the right moment.
Settlement Agreement and Mutual Release
Record a Chipkie loan repaid in full and release the parties from further claims under the document.
Loan Agreement
Put the terms in writing before the repayments begin.
US$4.95 · one-off
A few questions,
answered.
Know what you’re getting before you begin.
When can I add a release to my family loan?
You can add a release to an existing Chipkie loan once it has been repaid in full. Sign in to your loan to find the release option.
Can I use this to cancel an outstanding balance?
No. This product is only for a Chipkie loan repaid in full. It cannot be used to forgive an outstanding balance or settle a loan for less than the amount owed.
What is the document called?
The document provided for United States is titled Settlement Agreement and Mutual Release. It records the fully repaid loan and the release of both parties from further claims over that loan.
Can I buy this for a loan outside Chipkie?
The release is prepared from an existing Chipkie loan and its repayment record. It is added from that loan after full repayment, rather than bought as a standalone template.
What do both parties need to do?
Both parties review the loan details and follow the document’s signing instructions, including any witness requirements that apply. Keep the signed PDF after the process is complete.
What is included in the purchase?
You receive the signed PDF of your Settlement Agreement and Mutual Release once signing is complete, a record of what was borrowed and repaid, and a repayment certificate.
Give your loan a clear finish.
Ready to close a fully repaid Chipkie loan? Sign in to find your loan and add the release.