The Acknowledgement Receipt Of Full Payment Of Loan is a crucial document in Malaysian financial and legal practice, used when a borrower has completely satisfied their loan obligations. This document serves as conclusive evidence that all debt obligations have been fulfilled and protects the borrower from future claims related to the same loan. Under Malaysian law, particularly the Contracts Act 1950 and relevant financial regulations, this document should clearly identify the parties, reference the original loan agreement, specify the settlement details, and include appropriate execution formalities. It's particularly important in both consumer and commercial lending contexts, as it provides legal certainty for both parties and facilitates the release of any security or collateral held against the loan. The document may also be required for regulatory compliance and record-keeping purposes.

1. Header Information: Date, reference numbers, and document title

2. Creditor Details: Full name, address, and identification details of the person/entity that provided the loan

3. Debtor Details: Full name, address, and identification details of the person/entity that borrowed the money

4. Loan Reference: Original loan agreement details including date, amount, and any reference numbers

5. Acknowledgment Statement: Clear statement confirming receipt of full payment and settlement of the loan

6. Payment Details: Final payment amount, date, and method of payment

7. Release Statement: Statement releasing the debtor from all further obligations related to the loan

8. Execution: Signature blocks for all parties with date and witness provisions