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Lien Release on an Assignment of a Life Insurance Policy

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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.

  • Due to the Privacy Act of 1974, the FDIC will not accept a copy of the borrower’s credit report as proof of payoff. PLEASE DO NOT INCLUDE ANY SOCIAL SECURITY NUMBERS WHEN SUBMITTING YOUR REQUEST.
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.
A request for a Release of Lien must be made in writing.

Mail, email or fax your request with the required documentation to the appropriate DRR Customer Service Center. Please do not do both. Hard to read documents should be mailed or sent overnight, rather than faxed. Unreadable documents cannot be processed. To avoid any duplication, please submit your request only once.

Be sure to include your address and phone number with your written request.

Please allow 20 business days for the completion of your request.

If you have any questions you may call the appropriate DRR Customer Service Center toll-free. A Customer Service Representative will be happy to answer your questions, OR, refer to our Frequently Asked Questions.

Back to How To Obtain a Lien Release

Last Updated 09/12/2013 cservicefdicdal@fdic.gov