Letter of Default on Promissory Note

About this template:

This particular legal document or agreement of assignment is used to assist in a letter of default on a promissory note . See other legal documents that you may be interested in at https://www.templateguru.co.za/templates/legal/

Excerpt:

DEFAULT ON PROMISSORY NOTE Dear [CONTACT NAME] Reference is made to the promissory note dated [DATE] in the original amount of [AMOUNT]. You have defaulted under said note in that the instalment due on [DATE] in the amount of [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 [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.

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