Letter of Default on Promissory Note

About this template:

Do you need to notify a person that they have defaulted? Try this template. See other finance and accounting templates here https://www.templateguru.co.za/templates/finance-accounting/

Excerpt:

letter of default. In relation to the Promissory Note dated [DATE] in the original amount of [AMOUNT]. The instalment due on [DATE] to the amount of [AMOUNT] has not been paid. You have therefore defaulted under said Note. Accordingly demand is hereby made upon you for full payment of the entire balance on said Note in the amount of [AMOUNT] including accrued interest to date. In the event the entire balance is not paid within the next [NUMBER] days I shall refer this matter to an attorney resulting in additional costs of collection.

Download