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The Lien Satisfaction Form is a crucial document in German real estate and lending transactions, used when a secured debt has been fully repaid or otherwise satisfied. This document is required by German law to formally release a property from a registered security interest and must be filed with the land registry (Grundbuchamt) to remove the encumbrance from the property's title. The form must include specific information about the property, the lien being released, and the creditor's formal consent to the lien's removal. As a formal legal document, it must comply with the requirements of the German Civil Code (BGB) and Land Registry Law (Grundbuchordnung), including proper notarization. The Lien Satisfaction Form is typically used following loan repayment, property sale, or refinancing transactions where existing liens need to be cleared from the property's title.

1. Header Information: Title of document (Löschungsbewilligung), date, and reference number of the land register entry

2. Creditor Details: Full legal name and address of the lienholder/creditor, including any registration details for legal entities

3. Property Information: Detailed property description as recorded in the land register, including plot number (Flurstück), folio number (Grundbuchblatt), and district

4. Lien Details: Specific details of the lien being satisfied, including its amount, registration date, and rank in the land register

5. Satisfaction Declaration: Formal declaration that the lien has been satisfied and consent to its removal from the land register

6. Authorization: Express authorization for the land registry to remove the lien from the register