Business
Equipment, Business Property, etc. please provide us with the following required
document(s):
- A copy of the Collateral Assignment of Life Insurance Policy
for the policy that you are requesting to be released. The Life
Insurance Company that issued the policy should be able to provide
this. The copy must be readable and clearly show the Name
of the Insured Person, Date of Insurance Policy, the Policy Number,
Name of the Insurance Company that issued the policy, and the
address of the Insurance Company.
Please remember that FDIC can only accept a release request when
the lienholder is a Bank or Savings and Loan Institution that failed
and has been placed in FDIC receivership, OR, a Subsidiary of a
Failed Bank or Savings and Loan. If you're not sure, please call the
DRR Customer Service Center toll-free at 888-206-4662 (Dallas, TX) or for the western states 877-875-4744 (Irvine, CA).
It is highly suggested you also provide the following
documents, if available:
- Proof that the loan was paid in full. Proof of Payoff may
include such things as a copy of a "PAID" Note,
copies of payment checks, or anything else that would
indicate payment. This will greatly reduce the amount of research
time and expedite our handling of your request.
Where to send your request
-
A request for a Release of Lien must be made
in writing.
-
You can mail your request to:
FDIC
1601 Bryan Street
Dallas TX 75201
Attention: DRR Customer Service Center
Or for the western states
FDIC
40 Pacifica
Irvine, CA 92618
Attention: DRR Customer Service Center
-
OR it can be faxed to
703-812-1082 (Dallas, TX) or for the western
states 703-465-4320 (Irvine, CA)
-
We ask that you either fax your request OR
mail it in. Please do
not do both. Hard to
read documents should be mailed or sent overnight, rather than
faxed. Unreadable documents cannot be processed.
Be sure to include your address and phone number with
your written request.
Because of the large volume of release requests we get,
it may take up to 30 business days to obtain a release of lien so you may want to plan accordingly.
If you have any questions you may call DRR Customer
Service toll-free at 888-206-4662 (Dallas, TX) or for the western states 877-875-4744 (Irvine, CA) between the hours of 8:00 am
and 5:00 pm Central Standard Time, Monday
through Friday (except Holidays). A Customer Service Representative will
be happy to answer your questions, OR, check out our Frequently
Asked Questions.
Back to How
To Obtain a Lien Release
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