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The Loan Termination Letter is a crucial document used when a loan has been fully repaid and parties wish to formally conclude their lending relationship under Hong Kong law. It is typically issued after the borrower has satisfied all obligations under the loan agreement, including payment of principal, interest, and any other charges. The letter serves multiple purposes: it confirms the loan's termination, acknowledges receipt of full payment, releases any securities or guarantees, and discharges all parties from further obligations. This document is particularly important in Hong Kong's financial landscape, where clear documentation of debt discharge is essential for both regulatory compliance and business certainty. The Loan Termination Letter should be carefully drafted to ensure all aspects of the lending relationship are properly concluded and any specific requirements under Hong Kong banking and contract law are met.

1. Sender and Recipient Details: Full legal names and addresses of both the lender and borrower

2. Loan Agreement Reference: Clear identification of the original loan agreement including date, parties, and any reference numbers

3. Confirmation of Loan Repayment: Statement confirming full repayment of the loan including principal, interest, and any other charges

4. Termination Declaration: Clear statement terminating the loan agreement and specifying the effective date

5. Mutual Release: Statement releasing both parties from further obligations under the loan agreement

6. Return of Documents: Confirmation of return or cancellation of any loan documentation