A New York Demand Letter (Commercial Claim Arising Out of A Consumer Transaction) is a type of legal document used to demand payment for goods or services that are owed under a contract or agreement. It is typically sent when a business or individual has not responded to repeated requests for payment from the creditor. The Demand Letter outlines the claim, the amount of money owed, and the consequences of not paying the debt. The letter also often includes an offer to settle the debt for a lesser amount than what is owed. The Demand Letter is legally binding in the state of New York and can be used to enforce a commercial claim arising out of a consumer transaction. It must include specific information and language in order to be valid. The Demand Letter must include the name of the creditor, the date of the transaction, the amount owed, a statement that the creditor has taken all reasonable steps to recover the debt, and a request for payment. The creditor must also provide the consumer with written notice of their right to dispute the debt in writing within thirty days. There are two main types of New York Demand Letters (Commercial Claim Arising Out of A Consumer Transaction): the pre-litigation demand letter and the post-litigation demand letter. The pre-litigation demand letter is sent before the creditor begins any legal action against the debtor, whereas the post-litigation demand letter is sent after the creditor has already initiated legal action. Both types of letters must contain specific information and language in order to be valid.