View the list of Sample Business Letters

Letter of Default on Promissory Note

Disclaimer: Be aware that some of these sample letters have legal, financial, or other implications. If you are not sure about the use of any letter, consult with an appropriate professional first.

Letter of Default on Promissory Note

LETTER OF DEFAULT
ON PROMISSORY NOTE






Date: _








To: _








Reference is made to a certain promissory note under date
of _, 19_, in the original amount of $_.
You have defaulted under said note in that the
installment due on _, 19_, in the amount of $_ has not been
paid.
Accordingly, demand is hereby made upon you for full
payment of the entire balance on said note in the amount of
$_, including accrued interest to date.
In the event the entire balance is not paid within the
next seven days, I shall refer this matter to an attorney
resulting in additional costs of collection.




Very truly,








______________________________



   


 

Reprinted with the permission of 4hb.com . All Rights Reserved.