

																								,

,

BY REGISTERED MAIL

RE: Demand for Full Payment of Installment Promissory Note

Dear :

This letter relates to the promissory note dated , of which you are the maker, in the original principal amount of $ (the "Note"). I amMy company is the current holder of the Note.

On , I we notified you that you had defaulted in your payments under the Note. IWe have not yet received payment of the outstanding amount, which is now significantly in arrears. In accordance with the Note, Iwe now exercise myour right to declare the full unpaid balance of the Note (together with all accrued interest) immediately due. Unless we receive your payment of $, which includes administrative costs of $, by , Iwe will notify myour attorneys to begin legal proceedings to collect this amount. You will be responsible for all collection costs, including attorneys' fees, court costs, and interest.

IWe strongly urge you to make this payment and avoid expensive and time-consuming collection efforts and litigation. If you have any questions about your account, please contact at .

Sincerely,

__________________________

How-to guides, articles, and any other content appearing on this page are for informational purposes only, do not constitute legal advice, and are no substitute for the advice of an attorney.

What's a demand for full payment on an installment promissory note?

Every lender hopes that the repayment of their loan money will come on time. But sometimes, it doesn’t happen. As the lender, you want to make sure you are paid back. Often, all it takes is to send a notice reminding the payment of the loan amount. This is called a demand for full payment. If an installment promissory note has been issued, it’s called a demand for full payment on an installment promissory note. Collect the full amount of loan money that is due to you.

Demand for full payment on installment promissory note template by LegalZoom. Create and download promissory notes with confidence!

Here's the information you'll need to have handy to complete your demand for full payment on an installment promissory note:

Who it's going to: Know who this document is going to and have the individual or business name and contact information ready
Date: Have the date the original promissory note was issued handy

ATTORNEY-DRAFTED

Demand for Full Payment on Installment Promissory Note

Secure your loan repayment with a demand for full payment (on installment promissory note). Help lenders to collect outstanding amounts efficiently.

Start creating at $59/document or $99/year for unlimited documents

Fill your responses and complete your document

Personalize with a rich editor

eSign document easily and securely

Recover what you're owed with attorney help

Get attorney advice

Related templates

Demand for Payment on Demand Promissory Note

Demand for Payment on Demand Promissory Note

Make sure your demand for payment is worded right when it's time for the borrower to pay you back. Ensure timely repayment of a loan with a demand promissory note.

Notice of Default on Installment Promissory Note

Notice of Default on Installment Promissory Note

Facing a missed payment on a loan you extended? Send a notice of default on the installment promissory note. Prompt your borrowers to fulfill their commitment and get your finances back on track.

Secured Demand Promissory Note

Secured Demand Promissory Note

Make sure your demand for payment for collateral-backed loans is worded right when it's time for the borrower to pay you back. Ensure timely repayment of a loan with a secured demand promissory note.

Secured Promissory Note (Installment with Balloon Final Payment)

Secured Promissory Note (Installment with Balloon Final Payment)

Looking to secure a non-bank loan to be paid back in installments? A secured promissory note helps to protect your financial interests and officiate lending agreements.

Unsecured Demand Promissory Note

Unsecured Demand Promissory Note

Safeguard your financial arrangement with an unsecured demand promissory note. Define loan terms clearly for borrowers and lenders.

Unsecured Promissory Note (Installment with Balloon Final Payment)

Unsecured Promissory Note (Installment with Balloon Final Payment)

Make your loan official and maintain a healthy borrower-lender relationship with a promissory note. Establish clear loan terms, secure repayments, and ensure a secure financial arrangement.

ATTORNEY ADVERTISEMENT: Attorneys advertised on this site are independent attorneys. in your area who’s responsible for this advertisement. LegalZoom.com, Inc. is not an "attorney referral service" or a law firm. The information you provide to LegalZoom is not protected by attorney-client privilege. about this advertisement if you live in Alabama, Missouri, or New York.