North Dakota Sample Letter for Reinstatement Agreement Executed to Bring Account Current

• Category: Letters - Legal - Agreements
• State: Multi-State
• Control #: US-0402LTR
• 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: Reinstatement Agreement Executed to Bring Account Current Dear [Recipient's Name], I hope this letter finds you well. I am writing to discuss the execution of a reinstatement agreement to bring my account [Account Number] in good standing with [Your Company/Organization Name]. Having recently faced unforeseen financial difficulties, I deeply regret the lapse in payment and sincerely request your consideration for the reinstatement of my account. As a resident of North Dakota, I have been a loyal customer of your esteemed organization for [duration of account]. The services provided by your company have always been exceptional, and I value the relationship we have built over the years. Due to [briefly explain the reason for financial difficulties, such as loss of employment, health issues, or other relevant circumstances], I had encountered difficulties in making timely payments. However, I am happy to inform you that my circumstances have improved, and I am now in a position to rectify the outstanding payments on my account. Attached to this letter, you will find a copy of the proposed reinstatement agreement, outlining the mutually agreed-upon terms and conditions for bringing the account current. The proposed reinstatement agreement includes the following key terms: 1. Total outstanding balance: $[amount] 2. Repayment schedule: Monthly installments of $[amount] commencing on [start date] and continuing until the outstanding balance is fully settled. 3. Method of payment: I have enclosed a voided check for automatic deduction from my bank account on the agreed-upon dates. Alternatively, I am open to exploring other suitable payment methods as per your convenience. 4. Late fees and penalties: I kindly request the waiver of any late fees or penalties incurred during the period of non-payment as a gesture of goodwill. Should you find the terms and conditions proposed within the agreement acceptable, I kindly request your signature on the enclosed duplicate copy and its return to me by [date]. This will serve as confirmation of our mutual commitment to bringing the account current. I understand that regaining your trust and rectifying this matter is of utmost importance. Therefore, I assure you that I will adhere strictly to the agreed-upon payment schedule and aim to clear the outstanding balance as promptly as possible. Please note that I am available at [your phone number] or [your email address] should you require any additional information or wish to discuss the terms further. Furthermore, allowing me the opportunity to rebuild my account standing with your organization would be greatly appreciated. Thank you for your understanding and consideration. I look forward to resolving this matter amicably and restoring our positive business relationship. Sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Reinstatement Agreement Executed to Bring Account Current Dear [Recipient's Name], I hope this letter finds you well. I am writing to discuss the execution of a reinstatement agreement to bring my account [Account Number] in good standing with [Your Company/Organization Name]. Having recently faced unforeseen financial difficulties, I deeply regret the lapse in payment and sincerely request your consideration for the reinstatement of my account. As a resident of North Dakota, I have been a loyal customer of your esteemed organization for [duration of account]. The services provided by your company have always been exceptional, and I value the relationship we have built over the years. Due to [briefly explain the reason for financial difficulties, such as loss of employment, health issues, or other relevant circumstances], I had encountered difficulties in making timely payments. However, I am happy to inform you that my circumstances have improved, and I am now in a position to rectify the outstanding payments on my account. Attached to this letter, you will find a copy of the proposed reinstatement agreement, outlining the mutually agreed-upon terms and conditions for bringing the account current. The proposed reinstatement agreement includes the following key terms: 1. Total outstanding balance: $[amount] 2. Repayment schedule: Monthly installments of $[amount] commencing on [start date] and continuing until the outstanding balance is fully settled. 3. Method of payment: I have enclosed a voided check for automatic deduction from my bank account on the agreed-upon dates. Alternatively, I am open to exploring other suitable payment methods as per your convenience. 4. Late fees and penalties: I kindly request the waiver of any late fees or penalties incurred during the period of non-payment as a gesture of goodwill. Should you find the terms and conditions proposed within the agreement acceptable, I kindly request your signature on the enclosed duplicate copy and its return to me by [date]. This will serve as confirmation of our mutual commitment to bringing the account current. I understand that regaining your trust and rectifying this matter is of utmost importance. Therefore, I assure you that I will adhere strictly to the agreed-upon payment schedule and aim to clear the outstanding balance as promptly as possible. Please note that I am available at [your phone number] or [your email address] should you require any additional information or wish to discuss the terms further. Furthermore, allowing me the opportunity to rebuild my account standing with your organization would be greatly appreciated. Thank you for your understanding and consideration. I look forward to resolving this matter amicably and restoring our positive business relationship. Sincerely, [Your Name]