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Letter Of Default On Promissory Note
S A M P L E
[Date]
[Addressee]
Dear [Name]:
Reference is made to a certain promissory note
under date of [date], in the original amount of
$[dollar amount].
You have defaulted under said note in that the
installment due on [date], in the amount of $[dollar
amount] 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 $[dollar amount], including accrued
interest to date.
In the event the entire balance is not paid within the
next seven days, we shall refer this matter to an attorney
resulting in additional costs of collection.
Yours very truly,
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