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Notice To Guarantor Of Default On Note
NOTICE TO GUARANTOR OF DEFAULT ON NOTE
Date: [Date of Notice]
[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]:
PURSUANT to the terms of a certain promissory note dated [Date of Note], the borrower has failed to make the required payment. Failure to pay constitutes a default of the Note.
PURSUANT to the Note, the entire amount, including interest, dollars $ [Amount Due] is now due and payable. You are the guarantor of the Note. Should you not pay the entire outstanding amount in the following [Days to Pay] days, this matter will be forwarded for appropriate collection actions.
Sincerely,
Signature Date