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Nab-discharge-authority NAB Discharge Authority

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Page 1 of 2
Please submit this form at least 15 business days before your settlement date.
For help completing this form and for all enquiries relating to fees and charges please visit nab.com.au or call us on 1300 552 688.
Once completed, please submit this form via email to discharge.authority@nab.com.au.
We will contact you or your agent to progress your request.
Please help me...
Tick Sections to complete
I have sold my property
1, 2, 3, 4, 5
I want to access the purchaser’s deposit funds (section 27, VIC only)
1, 2, 3, 4, 5
I am refinancing my loan from NAB to another finance provider
1, 2, 3, 4, 5
I want NAB to release one or more titles
1, 2, 3, 5
I want NAB to release the family guarantee on my loan
1, 2, 3, 5
I have sold my property and purchased another and they are settling on the same day
1, 2, 3, 4, 5
1. Customer contact details are...
Name Telephone
Email
Address
2. Property and security details...
Preferred Settlement Date
/ /
Address of Property 1
Sold*
Purchased*
$
Address of Property 2
Sold*
Purchased*
$
If releasing one or more titles, please complete the following: * Please include contract of sale
Branch for collection of title Title details
3. Account numbers and instructions...
BSB Account Number
Payout
& close Retain Debit Fees
1
Apply
surplus/
shortfall
2
Reduce limit to
$
$
$
$
IMPORTANT
1. Any home loan that you payout and close will no longer have an offset account. Please contact NAB on 13 13 12 if you wish to update the 100% offset
arrangement to another eligible NAB home loan that you retain.
2. Please nominate the account from which you wish all fees to be debited.
3. Please nominate the account you wish the surplus/shortfall to be applied to.
I wish to payout and close my entire Portfolio Facility
If the account for surplus funds is a non-NAB account please also provide the names of the account owners
Discharge Authority
Letter of Instruction – Discharges
Page 2 of 2
4. I am represented by...
I am acting on my own behalf
now go to 5
I am represented by my solicitor, conveyancer, broker or appointed representative
Name of Organisation Contact Name
Contact Number Fax Number
Email Address
If refinancing please complete the below:
Name of other financial institution Reference number of other financial institution (if known)
5. Authorisation...
I/we:
• authorise National Australia Bank Limited ABN 12 004 044 937 (“NAB”) to surrender the above detailed security, to the representatives detailed above,
in exchange for the settlement amount requested by NAB;
• authorise NAB to provide the Legal Representative or Financial Institution above (or their legally appointed representatives, if applicable) with any
information or documentation they require about this account and security in order to effect settlement;
• authorise NAB to deduct fees and charges, as requested in Section 3, and otherwise authorise NAB to deduct such fees and charges from the
settlement proceeds;
• agree that, at 06.00 am AEST on the business day before the preferred settlement date, NAB can cancel the right to redraw, the credit limit or any sub account
limit for any account which is to be closed and, if specified, any associated portfolio limit.
Customer 1
Full Name
Signature Date
✕
/ /
Customer 2
Full Name
Signature Date
✕
/ /
©2017 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686 A126810-0417
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Nab-discharge-authority NAB Discharge Authority

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Completed 10 May 2020

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