§ 2-11. Confirmation and promissory note when the claim has been paid

The Financial Contracts Act (Finansavtaleloven)·LOV-2020-12-18-146

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The text of the law (unofficial translation)

§ 2-11. Return of promissory notes etc.

When the monetary claim has been repaid or has lapsed in some other way, the debtor (skyldner) and the guarantor (kausjonist) shall be given a confirmation of this in a written document, cf. § 3-2 fourth paragraph. Negotiable promissory notes shall be cancelled and returned to the debtor.
Source: Lovdata — Finansavtaleloven (the Financial Contracts Act) § 2-11

What does this mean?

If a monetary claim has been paid or has lapsed for other reasons, both the debtor and the guarantor are entitled to written confirmation of this. Written means a document under § 3-2 fourth paragraph, that is, paper or another durable medium that stores the information unchanged. If the claim has a negotiable promissory note (omsetningsgjeldsbrev) (a promissory note that can be sold on), it must be cancelled and given back to the debtor.

This section follows on from § 2-9 on repayment, and § 2-12 gives the creditor (kreditor) a corresponding duty to clear up collateral (pant) and other security.

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