NOTICE OF DEFAULT ON INSTALLMENT PROMISSORY NOTE
[Your Street Address] [City, State, and Zip Code] [Insert Date] [Recipient’s Name] [Recipient’s Company, if applicable] [Recipient’s Address] [Recipient’s City, State, and Zip Code]
RE: Default on Installment Promissory Note Dear ___________________: Reference is made to that certain Promissory Note dated _____________, 20___, of which you are the maker, in the original principal amount of $____________________ (the “Note”). The undersigned is the current holder of the Note. This letter is to inform you that you have defaulted on the installment payment under that Note due on _____________, 20___, in the amount of $___________. Demand is hereby made for payment of this past-due installment. Unless we receive your payment for______________ dollars ($__________) [, which amount includes the additional fees of _______________,] by _____________, 20__, we will proceed to enforce our rights under the Note for collection of the entire balance.
Yours Truly,
[Insert Your Name, Title]
Notice of Default on Installment Promissory Note
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