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The Request Letter For Release Of Mortgage Property is a crucial document in Saudi Arabian real estate transactions, used when a property owner has fully repaid their mortgage and needs to formally request the removal of the bank's lien on their property. This document is essential in the Saudi Arabian jurisdiction, where property transactions must comply with both civil law and Sharia principles. The letter is typically submitted after the final mortgage payment has been made and serves as the formal trigger for the bank to initiate the mortgage release process. It must contain specific information including property details, mortgage account information, and proof of full repayment. The document's format and content are influenced by Saudi Arabian banking regulations, Real Estate Mortgage Law, and SAMA (Saudi Central Bank) requirements. Property owners or their authorized representatives use this letter to begin the process of clearing the title of their property, making it free from any encumbrances.

1. Sender's Details: Full name, address, and contact information of the requestor/mortgage holder

2. Date and Reference Number: Current date and any relevant reference numbers (mortgage account, property ID, etc.)

3. Recipient's Details: Bank/financial institution's name, department, address, and relevant contact person

4. Subject Line: Clear indication that this is a mortgage release request

5. Property Details: Complete details of the mortgaged property including address, title deed number, and property registration details

6. Mortgage Information: Details of the mortgage including account number, original mortgage amount, and confirmation of full repayment

7. Request Statement: Formal request for the release of the mortgage and return of property documents

8. Closing: Formal closing, signature, and contact information for follow-up