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Demand by Secured Party For Possession of Collateral
Categories: Business Letters

Demand by Secured Party For Possession of Collateral

DEMAND BY SECURED PARTY

FOR POSSESSION OF COLLATERAL

Date: _

 

To: _ (Debtor)

 

This is to guide you that you are in default under our security agreement dated _, 20_, for the below mentioned reason(s):

_

Accordingly, I demand that you surrender possession of the collateral to me at once as provided in the security agreement and Uniform Commercial Code.

 

Best Regards,

___________________________

Secured Party

Demand by Secured Party For Possession of Collateral

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