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Notice of Default Promissary letter Template






[l-Date]

To:
[r-Name]
[r-Company]
[r-Address]

From:
[s-Name]
[s-Company]
[s-Address]
[s-Phone]


Re: Promissory Note dated [s-Date] in the original amount of [s-CheckAmount]
(___________[s-WrittenAmount]______________).

You are hereby notified of being in default under the terms of the above-referenced Note in that the installment due on [s-InstallSate] in the amount of [s-InstallCheckAmount] (___________[s-InstallWrittenAmount]______________) has not been paid.

As per the terms of the Note, demand is hereby made upon you for full payment of the entire outstanding balance in the amount of [s-OutCheckAmount] (___________[s-OutWrittenAmount]______________)
inclusive of interest accrued to date and any other outstanding fees.

If payment of the entire amount is not received on or before the ______day of ____________________ 20____, legal proceedings shall be instituted against you and costs of collection and attorney's fees shall be added to your outstanding balance.

Thank you for your prompt attention and cooperation in this matter.

Sincerely,


Name of Note Holder: ___________________________


Signature: ________________________________________