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Mr. / Ms. / Mrs. Name
Business / Individual Name
Street address
City , State ZIP Code
BY REGISTERED MAIL
RE: Demand for Full Payment of Installment Promissory Note
Dear Recip Prefix Recip Name :
This letter relates to the promissory note dated Date , of which you are the maker, in the original principal amount of $$ Amount (the "Note"). I am the current holder of the Note.Yes / No
On Date , have not yet received payment of the outstanding amount, which is now significantly in arrears. In accordance with the Note, I now exercise my right to declare the full unpaid balance of the Note (together with all accrued interest) immediately due. Unless we receive your payment of $$ Amount , which includes administrative costs of $Costs amount , by Date , I will notify my attorneys to begin legal proceedings to collect this amount. You will be responsible for all collection costs, including attorneys' fees, court costs, and interest.
I strongly urge you to make this payment and avoid expensive and time-consuming collection efforts and litigation. If you have any questions about your account, please contact Name at Phone .
Sincerely,
__________________________
Business / Individual Name
Name
Name
Title