[Your Street Address]
[City, State, and Pin Code]
[Insert Date]
[Recipient’s Name]
[Recipient’s Company, if applicable]
[Recipient’s Address]
[Recipient’s City, State, and Pin 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 Rs.____________________ (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 Rs.__________….
Note: This is just the part of the agreement. To get it drafted completely by legal experts, kindly contact the expert team of Aapka Consultant by clicking here
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