Permittee’s Instruction Letter to Water Authority
[Date]
[Name and address of water authority]
Re: Lender’s Consent Required for a Transfer, Termination, or Modification of Permit No. [number]
[Salutation]
I am the owner of the water rights described in Permit No. [number] (the “Permit”) and the holder of the Permit. I have obtained a loan from [name] (“Lender”) in the original principal amount of $[amount], which is secured by a [first-lien] deed of trust and security interest in the water rights and Permit. Under these loan documents, as long as the loan is outstanding, Lender’s consent is required for a transfer, termination, or modification of the water rights and Permit.
You are hereby directed not to authorize or approve a transfer, termination, or modification of the Permit unless the [name of water authority] has received the written consent of Lender to the transfer or modification or a copy of a written release of the lien and security interest. The consent may be evidenced by the signature of Lender on the application for transfer, termination, or modification submitted to you or by separate written authorization signed by Lender. Alternatively, no consent will be required if you receive a copy of a release or partial release of the lien and security interest in the water rights and Permit signed by Lender.
Questions regarding this matter should be directed to Lender at the following address:
[Name of lender]
[Contact person]
[Address]
Re: [loan number]
Phone:
E-mail:
Please include a copy of this letter with your file and records on the water rights and Permit.
Thank you for your cooperation.
Sincerely,
[Name of permittee]