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The Car Loan Release Letter is a crucial document in German vehicle financing that marks the successful completion of a car loan agreement. It is issued when a borrower has fulfilled all payment obligations under a vehicle loan agreement and the lender releases their security interest in the vehicle. This document is essential for updating vehicle registration records and confirming clear title under German law. The letter must comply with requirements set forth in the German Civil Code (BGB) and relevant banking regulations. It typically includes detailed information about the loan agreement, vehicle identification, confirmation of full payment, and formal release of security interests. This document is particularly important for borrowers who may need to prove unencumbered ownership for future vehicle sales or refinancing.

1. Letter Header: Including date, sender's details (financial institution), and recipient's details

2. Loan Reference Details: Specific reference to the loan agreement number, date, and original loan amount

3. Vehicle Information: Details of the vehicle including make, model, year, and Vehicle Identification Number (VIN)

4. Confirmation of Payment: Clear statement confirming that the loan has been paid in full and the date of final payment

5. Release Statement: Formal declaration releasing all security interests and liens on the vehicle

6. Return of Documents: Statement regarding the return of original security documents or vehicle papers

7. Signature Block: Authorized signature from the lending institution, including name and title of signatory