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Demand For Collateral
DEMAND FOR COLLATERAL
Date: [Date of the demand]
To: [First name of the person being demanded]
[Last name of the person being demanded]
Dear [Mr./Mrs.] [Last name of the person being demanded]:
Under an agreement dated [Date of the original agreement], you pledged certain collateral as security for the prompt repayment of a note of even date. Presently, you are in default under the note because:
As the holder of the note, and agreement, demand is hereby made of you to forthwith deliver up and surrender the collateral attached in Schedule "A" to this letter at: [Address where collateral should be delivered].
Very truly yours,
Signature Date