Posts tagged as:

Collateral

Demand by Secured Party For Possession of Collateral

by emily on June 23, 2012

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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Collateral Decision Request For Preparation of Loan Documents

by emily on June 4, 2012

Dear

 

It was a pleasure having the opportunity to meet with you yesterday to discuss the proposed loan on the ____.

After reviewing the alternatives you suggested, I believe that it would be best to collateralize this loan with (form of collateral)

I am instructing my assistant to prepare a package consisting of all necessary documents and to mail them to your attention today. I would be most appreciative if you would arrange to have the loan documents drawn as soon as possible, so that we can proceed further.  I really wish to thank you for your cooperation in this matter and am looking forward to the continuance of a long and mutually beneficial relationship between us.

 Collateral Decision Request For Preparation of Loan Documents

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