§ 1779.96 - Termination of Loan Note Guarantee.

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The Loan Note Guarantee under this part will terminate automatically:

Upon full payment of the guaranteed loan; or

Upon full payment of any loss obligation or negotiated loss settlement except for future recovery provisions; or

Upon written request from the lender to the Agency, provided that the lender holds all of the guaranteed portion and the original Loan Note Guarantee is returned to the Agency.