Dear [Account Holder's Name], Subject: Breakdown of Account Arbitrage We hope this letter finds you well. We are writing to provide you with a detailed breakdown of the account arbitrage for your convenience. Minnesota's law requires us to provide this information upon your request. The breakdown provided below outlines the various components of your outstanding balance along with their corresponding amounts: 1. Principal Balance: $[amount] This reflects the original amount borrowed or owed for a specific purchase or service. 2. Interest Accrued: $[amount] Interest is the additional charge applied to the outstanding balance over time. 3. Late Fees: $[amount] Late fees are incurred when payment is not made by the due date specified in the agreement. 4. Penalties: $[amount] Penalties are additional charges imposed for violation of specific terms and conditions. 5. Overdue Charges: $[amount] Overdue charges are levied in cases where payments have been missed or delayed. 6. Collection Costs: $[amount] These are the costs associated with collection efforts made by our organization to recover the arbitrage. Total Arbitrage: $[amount] Please note that the above breakdown includes all outstanding charges up to the date of this letter. It is essential to settle this arbitrage promptly to avoid any further consequences. We strongly encourage you to review the provided breakdown and reach out to our customer service team at [phone number] if you have any questions or require clarification regarding any specific charges. To facilitate the resolution of the arbitrage, we offer flexible payment options. You may choose to make a one-time payment for the total arbitrage or set up a payment plan based on your financial situation. Our representatives are here to assist you in finding the best solution that suits your needs. Please remember that addressing this arbitrage promptly will help in maintaining a positive financial standing and ensure the uninterrupted provision of our services. Thank you for allowing us to provide you with this breakdown of your account arbitrage. We appreciate your attention to this matter and remain at your service. Sincerely, [Your Name] [Your Title/Organization]