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A permissive note release is a document given to a borrower to confirm that their debt, including interest, has been fulfilled. Signed by the lender, it legally releases the borrower from the lending relationship. Key elements of this release include the names of the borrower and lender, dates of the original note and the release, the total paid debt, and the lender's signature. It does not require a witness or notary's signature. Copies of the signed release should be distributed to both parties for record-keeping. It's advisable to retain the release with the original promissory note to have proof of the loan's repayment, as clerical errors can occur at credit bureaus.