Below is the  Demand To Pay Promissory Notetemplate body. If necessary, please put the personal information, company information, such as text to replace the specific content you need. you can download the .doc template file on the end of the article by click download link. 



March 11, 2014


Contact Name
Address
Address2
City, State/Province
Zip/Postal Code



OBJECT: DEMAND TO PAY PROMISSORY NOTE


Dear [CONTACT NAME],

This is to notify you that payment is past due under your Promissory Note (the Note) dated [DATE].

The following payments have not been received:

Payment Due Date
Amount of Principal Due
Amount of Interest Due
Late Charge












Thus, as of the date of this letter, you are in arrears in the total amount of [AMOUNT OF ARREARS].

[OPTIONAL]
In accordance with the terms of the Note, this constitutes a major default under the Note, and demand is hereby made for the total amount in arrears together with the entire principal balance of [AMOUNT] outstanding under the Note.

Demand is hereby made for payment in full, that is [AMOUNT + ARREARS], which must be received by us by a cashiers check by [DEADLINE DATE], at the following address:

      [COMPANY]
      [ADDRESS]
      [CITY, STATE ZIP]
 
In the event we do not receive full payment from you by the required date, we will proceed to commence legal proceedings against you under the Note and will additionally assess you legal fees and costs for such legal proceedings.


Sincerely,


[YOUR NAME]
[YOUR TITLE]
[YOUR PHONE NUMBER]
[YOUREMAIL@YOURCOMPANY.COM] 


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