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Back to Forms for 'Collections'.


NOTICE OF DEFAULT ON NOTE

NOTICE OF DEFAULT ON NOTE

TO ENDORSERS

 

 

Date:  __________________

 

Name:  ______________________

Address:  ____________________

 

 

Be hereby notified that, due to payments in arrears, ____________________, is now considered in default under a certain promissory note in the amount of ____________, dated ____________________.  Under the terms and conditions of the note, the entire amount of ________________________, including interest accrued to date, is now due and payable.  As endorser of said note, you are legally liable to pay this amount.

 

If said amount is not paid, or the default is not corrected within __________ days of this letter, collection proceedings will be instituted, the costs of which (including attorney fees) you will also be liable for.

 

 

 

________________________________                 ___________________

Signature                                                                                           Date



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