This form is a memorandum detailing the release of a financing obligation and should be filed with the state filing office to clear the records once the obligation has been satisfied. This attorney-prepared packet contains: Information on Release of UCC Financing Statements. Release of UCC Financing Statement form.
What is MANDATE? In practice. A Judicial command or precept proceeding from a court or judicial officer, directing the proper officer to enforce a judgment, sentence, or decree. Seaman v. Clarke, 60 App. Div. 416, 69 N. Y. Supp. 1002; Horton v. State, 63 Neb. 34, 88 N. W. 146.
This mandate is a binding agreement between you as the seller and the estate agent. The two common mandates are either open or sole mandates. An open mandate signed with the estate agent means that they do not have exclusivity in selling your property. This means you are not restricted to using only one.