NAB Mortgage and Business Security Discharge Authority
The NAB Discharge Authority is the letter of instruction you complete to ask National Australia Bank to discharge or release a mortgage or business security. Fill in the official PDF below and download it.
This is the genuine NAB PDF, unmodified. Source: NAB official page.
What is NAB Discharge Authority?
You complete this form to request a discharge or release of a mortgage or business security, to authorise NAB to attend settlement, to prepare the release documents, and to disburse funds received. It is used when you are selling a property, refinancing to another financial institution, or otherwise paying out and releasing security held by NAB. The property owner or security owner, and the borrower where these differ, must sign to authorise the request.
The form has four sections: Section A for customer and nominated authority details, Section B for the discharge reason and the property or security details with settlement dates, Section C for the NAB account used for fees, shortfall or surplus funds, and Section D for the authorisation and signatures. NAB asks for at least 10 business days to process a discharge request, and states that a discharge fee may apply along with government fees that vary by state, so check the current fees with NAB.
Who files NAB Discharge Authority?
- NAB home loan customers selling a property secured by a NAB mortgage
- Customers refinancing a NAB loan to another financial institution
- Property owners or security owners releasing a property or business security held by NAB
- Borrowers paying out and closing a NAB loan and releasing the security
How to fill out NAB Discharge Authority
- Complete Section A with the customer details, and add a nominated authority such as your broker, conveyancer or solicitor if someone else will deal with NAB on your behalf.
- In Section B, tick the reason for discharge, sale, release or refinance, name the incoming financial institution if you are refinancing, and list each property or security with the proposed settlement date.
- In Section C, give a NAB transaction account for any fees, shortfall or surplus funds, and set out how the funds received should be applied to your loan or deposit accounts.
- In Section D, read the authorisation, then have every property or security owner, and any borrower where different, sign and date the form. Wet and digital signatures are accepted.
- Email the completed and signed form to NAB at the discharge authority address shown on the form, and provide your Contract of Sale if you are selling, to avoid delays.
Quick fill NAB Discharge Authority on this page
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Frequently asked questions
How long does NAB need to process a discharge?
NAB asks for at least 10 business days to process a discharge request. To meet a settlement date, the form advises sending your accurately completed and signed authority as soon as you know you intend to discharge the mortgage or security.
Are there fees to discharge?
The form notes that a discharge fee may apply to cover preparing the discharge and attending settlement, and that government fees can also apply and vary by state. Your banker discloses the applicable fees, so check the current amounts with NAB.
Who has to sign the form?
The property owner or security owner listed in Section A must sign. For a loan closure, any borrower who is not the property or security owner must also sign. Company signatories authorised to sign must complete their section as well.