Letter of Default on Promissory Note

A Letter of Default on Promissory Note sample letter.










Date: _

 

 

To: _

 

 

Reference is made to a certain promissory note under date of _, 19_, in the original amount of $_.

You have defaulted under said note in that the installment due on _, 19_, in the amount of $_ has not been paid.

 

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 seven days, I shall refer this matter to an attorney resulting in additional costs of collection.

 

 

                                   Very truly,

 

 

 

 

______________________________

 

 

 

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