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by LegalZoom staff
Updated on: February 13, 2024 · 2 min read
Some promissory notes, by their nature, require that the lender demand full payment of a loan before it will receive any amounts. Such notes are called demand promissory notes. Under demand promissory notes, the borrower will not be obliged to pay any amounts until the lender provides notice that those amounts are due.
The enclosed document demands that full payment be made of the note. It is constructed to help you get what is rightfully yours, with a tone designed to be both professional and firm. In the end, you know your borrowers better than anyone else: you may want to alter the correspondence to best suit your personal and business needs.
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