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Notice to Prior Secured Party of Purchase Money Security Interest letter Template







NOTICE TO PRIOR SECURED PARTY
OF PURCHASED MONEY SECURITY INTEREST


Date: [l-Date]

To:
[s-SecuredParties]

This is to notify you that the undersigned has or expects to acquire a purchase money security interest in and to the following described collateral:

[s-Description]


Said collateral shall be sold to:


___________________________________
Name

___________________________________
Address

___________________________________
Debtor


Insofar as you have an existing security interest on record as against the same type collateral, this notice shall inform you of our priority claim to the property being sold.

Best regards,
[s-Name]
[s-Phone]