REQUEST TO REMOVE A CO-BORROWER
To __________, __________. Primary/remaining borrower: __________, __________. Loan: __________; original/relevant amount __________.
REASON
CREDIT CAPACITY
TITLE AND SECURITY
RELEASE / REPORTING
Please assess and issue the formal release/restructure documentation. Until the lender's written effective release, this request does not alter the existing co-borrower liability.
PERSONAL DATA NOTICE
This notice is given under the Digital Personal Data Protection Act, 2023.
Personal data in this document is collected only to request and administer lender-approved removal of the identified co-borrower, communicate about that purpose, verify expressly supplied lending, identity and property information, and retain an evidentiary transaction record.
If the transaction is withdrawn, refused or cancelled, personal data will be retained for 90 days and then erased. If the transaction proceeds, the record will be retained for the loan/security term plus 12 months, except where a named statutory or regulatory record-retention period requires longer retention.
Data minimisation: this document does not collect full Aadhaar numbers, Aadhaar-card copies, passwords, PINs, OTPs or unrelated bank credentials, and none should be written into it. Use masked account/identity references where an identifying reference is genuinely necessary.
SIGNATURE
______________________________
Signature
Remaining borrower: __________
Place: ____________________
Date: ____________________