Categories: Business Letters

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 _, 20_, in the original amount of $_. You have defaulted under said note in that the installment due on _, 20_, in the amount of $_ is outstanding.

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 ten days, I shall refer this matter to an attorney resulting in additional costs of collection with interest and fees.

 

Warm Regards,

_____________________________

Letter of Default on Promissory Note

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