Demand Payment on Promissory Note
This letter informs the holder of a promissory note that you are demanding payment on the note.
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Description
{Date}
To: {Company Name}
{Address}
{City, State, Zip}
Dear {Recipient},
You signed a promissory note dated {date}, with an original principal amount of {amount}.
Because {the reason, such as late payments}, we are hereby demanding full payment, including accrued interest, in the amount of {amount}.
This payment must be made by {date}, or it will be sent to collections, and you will incur all related legal costs.
Sincerely,
{Sender}
