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NOTICE OF AND TENDER BY DEBTOR

We’ve prepared a bundle of letter templates to be used in general business situation. Feel free to use them with our compliments. However we ask that you do not reproduce these templates on any medium for public display or re-sale.

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NOTICE AND TENDER BY DEBTOR

TO:_____________________________

_________[address]___________

You are hereby notified that the undersigned elects to redeem the [collateral] that is currently in your possession pursuant to that certain security agreement, the date of which is, for which said collateral was pledged to secure performance. Election is hereby made in accordance with the rights afforded under ______________ State and Federal law requirements.

Therefore, the undersigned hereby tenders fulfillment of all obligations pursuant to said security agreement and secured by said collateral, in addition to the amount of ($——) for your expenses in repossessing, holding, preparing the collateral for disposition through sale, arranging for sale, solicitor fees and legal expenses.

Demand is hereby made that you make the said collateral available for retaking by the undersigned.

Dated:__________________

/S/___________________________

 

© R. P. Emery & Associates – www.rpemery.com

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