Notice to Guarantor Demanding Payment

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This Notice to Guarantor Demanding Payment is to an individual who has guaranteed a loan and the debtor has defaulted in making payments. This notice demands that guarantor immediately pay the balance on the loan.

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This Notice to Guarantor Demanding Payment is from a creditor to an individual who has guaranteed a loan for a debtor. This notice effectively sets forth that the debtor has defaulted on the obligation and creditor now demands that guarantor pay the outstanding amount of the loan. It also sets out the name of the debtor, total amount of the loan, balance due and interest rate payable on this balance. It is imperative that this notice be clearly set forth in writing. A written Notice to Guarantor Demanding Payment will ensure that the guarantor is aware that the debtor has defaulted on the obligation and that payment in full is now demanded. This notice can easily be modified to meet your unique situation.

This Notice to Guarantor Demanding Payment contains:
  • Parties: Sets forth the names of the guarantor and the original debtor;
  • Demand: Sets forth that debtor has defaulted on the obligation, balance amount now due and the interest rate on this balance.

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

This attorney-prepared packet contains:
  1. General Instructions
  2. Notice to Guarantor Demanding Payment
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.
 
 
Notice to Guarantor Demanding Payment

 

 

Date (ie. July 31, 2000)
 
 
 
 
Name of Guarantor of Debt
Address of Guarantor of Debt
 
Dear Sir or Madam:
 
We are the holder of your Guaranty of the debts and obligations of Name of Person's whose debts are being Guaranteed (the "Debtor") to us in the amount of $Total Amount of Guaranty (leave blank if unlimited), a copy of which is enclosed.
 
The Debtor has defaulted in payment to us. In accordance with the terms of the Guaranty, we hereby demand payment in full of the outstanding debt in the amount $Total Amount of Debt being Demanded, together with interest thereon at the rate of Rate of Interest (ie. 8.0%) per annum from the date of this letter.
 
Yours truly,
 
 
 
                  
Your Name
Number of Pages3
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28671
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.
 
 
Notice to Guarantor Demanding Payment

 

 

Date (ie. July 31, 2000)
 
 
 
 
Name of Guarantor of Debt
Address of Guarantor of Debt
 
Dear Sir or Madam:
 
We are the holder of your Guaranty of the debts and obligations of Name of Person's whose debts are being Guaranteed (the "Debtor") to us in the amount of $Total Amount of Guaranty (leave blank if unlimited), a copy of which is enclosed.
 
The Debtor has defaulted in payment to us. In accordance with the terms of the Guaranty, we hereby demand payment in full of the outstanding debt in the amount $Total Amount of Debt being Demanded, together with interest thereon at the rate of Rate of Interest (ie. 8.0%) per annum from the date of this letter.
 
Yours truly,
 
 
 
                  
Your Name

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