Creating a notice of default on an installment promissory note

When a borrower fails to pay an installment promissory note, the lender can use a notice of default to begin the collection process. Find out how to use a notice of default.

Get your notice of default on installment promissory note

Brette Sember, J.D.

by Brette Sember, J.D.

Brette is a former attorney and has been a writer and editor for more than 25 years. She is the author of more than 4...



Updated on: December 14, 2023 · 2 min read

Twitter logoFacebook logoLinkedIn logoReddit logo
This article is for informational purposes. This content is not legal advice, it is the expression of the author and has not been evaluated by LegalZoom for accuracy or changes in the law.

You may also like

Legal Forms

How to demand full payment on an installment promissory note

Are you the holder of an installment promissory note? Do you know what you need to do if the borrower misses a payment? Learn about demanding full payment of an installment promissory note.

December 13, 2023 · 3min read

Last Wills

How to write a will: A comprehensive guide to will writing

Writing a will is one of the most important things you can do for yourself and for your loved ones, and it can be done in just minutes. Are you ready to get started?

May 20, 2024 · 11min read

Power of Attorney

What is a power of attorney (POA)? A comprehensive guide

Setting up a power of attorney to make your decisions when you can't is a smart thing to do because you never know when you'll need help from someone you trust.

May 7, 2024 · 15min read