1. (a) By its signed notice, a financing party of record may release, and an assignee of record may retransfer all or a part of its interest in transition property described in a filed transition property notice. The filing officer has promulgated a form for an amendment to a transition property notice that may be used to indicate a release or retransfer of interest in transition property. A filing party may use the form or submit a document identified as a notice of release or retransfer that contains:

   1. (1) A description of the transition property being released or retransfered;
   2. (2) The name and address of the grantor or assignor;
   3. (3) The name and address of the financing party or assignee of record;
   4. (4) The file number of the transition property notice to which the release or retransfer relates;
   5. (5) The financing order docket number for the financing order from which the transition property is derived.
2. (b) A notice of release or retransfer signed by a person other than the financing party or assignee of record is to be accompanied by a separate written notice of assignment of the interest in transition property signed by the financing party or assignee of record.

Source Note:The provisions of this §96.64 adopted to be effective January 20, 2000, 25 TexReg 268.