Demand for Payment on Demand Promissory Note

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This Demand for Payment on Demand Promissory Note is from a lender to a borrower and demands full payment within a certain time period. This demand letter can easily be modified to fit your needs.

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This Demand for Payment on Demand Promissory is from a creditor or lender to an individual who has signed a promissory note which is due and payable on demand. This demand sets forth the date and amount of the note and the party to whom the note is payable. It also sets forth a formal demand that payment of all monies due, including interest, be made within ten days of receipt (this timeframe can easily be changed in order to accommodate the individual). It also sets forth that if payment is not received within the given time period that the note will be forwarded for institution of collection proceedings. A written Demand for Payment on Demand Promissory Note will be beneficial in the event the note is not paid and legal action must be taken.

This Demand for Payment on Demand Promissory Note contains:
  • Promissory Note Information: Sets forth the date and amount of the note, name of borrower and to whom the note should be paid;
  • Formal Demand: Sets forth a formal demand that the promissory note be paid within a certain timeframe or further collection and/or legal action will be taken.

Protect yourself and your rights by using our attorney-prepared forms.

This attorney-prepared packet contains:
  1. Information
  2. Demand for Payment on Demand Promissory Note
State Law Compliance: This form complies with the laws of all states
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.





Demand for Payment on Demand Promissory Note







This Packet Includes:
1. Information
2. Demand for Payment on Demand Promissory Note
 





Information
Demand for Payment on Demand Promissory Note




This document should be used when you hold a promissory note which is payable on demand and you wish to demand full payment. Realistically, you should generally allow the maker of such a note a reasonable amount of time to gather enough funds to make the payment.  This form allows a period of 10 days.  However, you may wish to modify this period after consulting with the debtor.







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DEMAND FOR PAYMENT
ON DEMAND PROMISSORY NOTE

Date: _________________________

To:


RE: Demand for Payment on Note

Dear _________________________ :

I am currently the holder of your Promissory Note dated _________________________ , 20 ____ , in the amount of $ _________________________ , which is payable to _____________________ , or to the holder on demand.

By this notice, I am making a formal demand for payment by you of the full unpaid balance of this Note, together with all accrued interest, within 10 (ten) days of receipt of this letter. The total amount due at this time is $ _________________________ .

Please contact me at the following address and phone number in order to initiate the payment process:

If full payment is not received within 10 (ten) days from the date of this Demand, the Note shall be forwarded to our attorneys for legal collection proceedings and you will be immediately liable for all costs of collection, including any additional legal and court costs. Thank you very much for your prompt attention to this serious matter.

Very truly,

________________________
Signature

________________________
Name
Number of Pages2
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#22020

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The forms purchased where very helpful to me as I am self emplyed i was able to use the form to collect on my outstanding debt owed to me. Thank you


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