Legal Forms
To search for a particular term please use the following search box.
Important Notice : Lawyerintl.com strongly recommends that you seek independent legal advice from a qualified lawyer before using any of the forms on this site, in order that you can verify the forms are suitable for your needs.
Notice Of Default
NOTICE OF DEFAULT
[First Name of Recipient] [Last Name of Recipient]
[Company Name of Recipient]
[Street Address of Recipient]
[City of Recipient], [State of Recipient]
[Zip Code of Recipient]
[Country of Recipient]
Dear [Mr./Mrs.] [Last Name of Recipient]:
HEREBY BE ADVISED that the undersigned Lender is the holder of a promissory note made by you dated [Date of Note], in the amount of $ [Amount of Note].
Under the terms and conditions of said note, you were required to make a payment on [Date to make payment] or be considered in default.
This office has not received said payment. Therefore, you are hereby considered to be in default of said note. The Lender hereby exercises the reserved right to demand payment in full on the entire remaining balance due, namely $ [Amount of Total Balance], including interest accrued to date. This amount is due by [Date payment is due], after which time official collection proceedings will begin. According to the terms of the note, be advised that you, the Borrower, have assumed liability to pay costs and expenses of these proceedings, including attorney fees.
Please resolve this matter immediately to avoid further action.
Sincerely,
[Name of Lender]