Minnesota Sample Letter for Return of Late Payment and Denial of Discount

• Category: Letters - Nonlegal - Customers
• State: Multi-State
• Control #: US-0188LR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. [Your Name] [Your Address] [City, State, ZIP] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Return of Late Payment and Denial of Discount — [Account Number/Invoice Number] Dear [Recipient's Name], I hope this letter finds you well. I am writing to address the late payment of the invoice issued on [Invoice Date] for the amount of [Invoice Amount]. Despite our initial agreement for prompt payment within [Payment Terms, e.g., 30 days], we are disappointed to inform you that the payment for the aforementioned invoice was received after the agreed-upon due date. Regrettably, late payment repercussions necessitate the enforcement of financial protocols. While your late payment has been acknowledged, our financial records require a return of the payment made for the invoice, as timely payment is essential to the smooth functioning of our business operations. Therefore, we kindly request you to process the return payment of [Late Payment Amount] to the following account: [Bank Account Details]. Moreover, I regret to inform you that based on the late payment, we are unable to honor the discount previously extended to you. As we strive to maintain fair and consistent practices with all our clients, late payments are not eligible for any discounts granted. Consequently, the discount originally applied to the invoice shall be nullified. We sincerely hope that this matter is resolved promptly and without any further inconvenience. Should you have any queries or concerns regarding this return of payment or the denial of discount, please do not hesitate to get in touch with our accounts department at [Accounts Department Contact Information]. Please consider this a final notice, and we urge you to make the necessary arrangements for the return payment promptly. In the future, we kindly request your compliance with the agreed-upon payment terms outlined in our initial agreement to maintain a mutually beneficial business relationship. Thank you for your prompt attention to this matter. We look forward to your cooperation and hope to serve you better in the future. Yours sincerely, [Your Name] [Your Title] [Company Name] [Contact Information]

[Your Name] [Your Address] [City, State, ZIP] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Return of Late Payment and Denial of Discount — [Account Number/Invoice Number] Dear [Recipient's Name], I hope this letter finds you well. I am writing to address the late payment of the invoice issued on [Invoice Date] for the amount of [Invoice Amount]. Despite our initial agreement for prompt payment within [Payment Terms, e.g., 30 days], we are disappointed to inform you that the payment for the aforementioned invoice was received after the agreed-upon due date. Regrettably, late payment repercussions necessitate the enforcement of financial protocols. While your late payment has been acknowledged, our financial records require a return of the payment made for the invoice, as timely payment is essential to the smooth functioning of our business operations. Therefore, we kindly request you to process the return payment of [Late Payment Amount] to the following account: [Bank Account Details]. Moreover, I regret to inform you that based on the late payment, we are unable to honor the discount previously extended to you. As we strive to maintain fair and consistent practices with all our clients, late payments are not eligible for any discounts granted. Consequently, the discount originally applied to the invoice shall be nullified. We sincerely hope that this matter is resolved promptly and without any further inconvenience. Should you have any queries or concerns regarding this return of payment or the denial of discount, please do not hesitate to get in touch with our accounts department at [Accounts Department Contact Information]. Please consider this a final notice, and we urge you to make the necessary arrangements for the return payment promptly. In the future, we kindly request your compliance with the agreed-upon payment terms outlined in our initial agreement to maintain a mutually beneficial business relationship. Thank you for your prompt attention to this matter. We look forward to your cooperation and hope to serve you better in the future. Yours sincerely, [Your Name] [Your Title] [Company Name] [Contact Information]