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Demand By Secured Party For Possession Of Collateral
DEMAND BY SECURED PARTY FOR POSSESSION OF COLLATERAL
[Date]
[First Name of recipient] [Last Name of recipient]
[Company Name of recipient]
[Street Address of recipient]
[State of recipient] [Zip Code of recipient]
Dear [Mr./Mrs. recipient] [Last Name of recipient]:
Pursuant to the security agreement dated [Date of the original agreement], by and between us wherein you were obligated to deliver [Description of collateral] as collateral.
You are presently in default under said agreement. Therefore, demand is hereby made unto you to surrender possession of said collateral to me immediately at [Address where collateral should be delivered] pursuant to the terms of the Security Agreement and the Uniform Commercial Code.
Very truly yours,
Signature Date