paid in full receipt letter

Use this sample demand letter for money owed as a template for your formal notification.

​ A clear description of the situation should be stated in the beginning of the letter. Next the letter should state exactly what the borrower wants. If the letter is to get a loan repaid, the lender should state a specific amount of money and give a reasonable due date when they expect the amount to be paid. At this point, it can be stated that if the demands aren’t met, the lender will take the next step and go to court.