Oakland Michigan Sample Letter for Reinstatement Agreement Executed to Bring Account Current

• Category: Letters - Legal - Agreements
• State: Multi-State
• County: Oakland
• 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] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Position] [Company Name] [Company Address] [City, State, ZIP] Subject: Reinstatement Agreement Executed to Bring Account Current — Account Number [Account Number] Dear [Recipient's Name], I am writing to request a Reinstatement Agreement to bring my account with [Company Name] current, as it has fallen behind on payments. I understand the importance of maintaining a good standing with your esteemed organization and I sincerely apologize for any inconvenience caused by the delay in payment. I would like to outline the proposed terms of the Reinstatement Agreement to ensure a successful resolution and the timely restoration of my account: 1. Outstanding Balance: As of [Date], the outstanding balance on my account stands at $[Amount]. I acknowledge this amount and am committed to paying it in full as per the agreed terms. 2. Payment Plan: In order to bring my account current, I propose a monthly payment plan of $[Amount] to be paid on the [Due Date] of each month, starting from [Start Date]. This payment plan will continue until the outstanding balance is paid in full. 3. Late Payment Charges: I understand that my account has accumulated late payment charges due to the missed payments. However, I kindly request that these charges be waived as a gesture of goodwill considering my commitment to promptly bring my account current. 4. Acceptance of Payment Methods: To facilitate timely payments, I request the acceptance of the following payment methods: [list accepted payment methods such as check, electronic transfer, credit card, etc.]. Please provide me with the necessary payment details, such as account numbers or payment portals, where the monthly payments can be made. 5. Confirmation of Reinstatement: Once the Reinstatement Agreement is executed and the first payment is received, I kindly request a written confirmation stating that my account has been reinstated and is in good standing. I understand the importance of adhering to the agreed-upon terms and assure you that I will fulfill my obligations accordingly. I believe this Reinstatement Agreement will help us resolve the outstanding balance in a mutually beneficial manner, enabling us to move forward with a positive working relationship. Furthermore, I kindly request that you review and consider my proposal at your earliest convenience. Should you have any questions or require further information, please do not hesitate to reach me via the contact details provided above. Thank you for your time and consideration. I look forward to your prompt response and the opportunity to bring my account current. Your attention to this matter is greatly appreciated. Sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Position] [Company Name] [Company Address] [City, State, ZIP] Subject: Reinstatement Agreement Executed to Bring Account Current — Account Number [Account Number] Dear [Recipient's Name], I am writing to request a Reinstatement Agreement to bring my account with [Company Name] current, as it has fallen behind on payments. I understand the importance of maintaining a good standing with your esteemed organization and I sincerely apologize for any inconvenience caused by the delay in payment. I would like to outline the proposed terms of the Reinstatement Agreement to ensure a successful resolution and the timely restoration of my account: 1. Outstanding Balance: As of [Date], the outstanding balance on my account stands at $[Amount]. I acknowledge this amount and am committed to paying it in full as per the agreed terms. 2. Payment Plan: In order to bring my account current, I propose a monthly payment plan of $[Amount] to be paid on the [Due Date] of each month, starting from [Start Date]. This payment plan will continue until the outstanding balance is paid in full. 3. Late Payment Charges: I understand that my account has accumulated late payment charges due to the missed payments. However, I kindly request that these charges be waived as a gesture of goodwill considering my commitment to promptly bring my account current. 4. Acceptance of Payment Methods: To facilitate timely payments, I request the acceptance of the following payment methods: [list accepted payment methods such as check, electronic transfer, credit card, etc.]. Please provide me with the necessary payment details, such as account numbers or payment portals, where the monthly payments can be made. 5. Confirmation of Reinstatement: Once the Reinstatement Agreement is executed and the first payment is received, I kindly request a written confirmation stating that my account has been reinstated and is in good standing. I understand the importance of adhering to the agreed-upon terms and assure you that I will fulfill my obligations accordingly. I believe this Reinstatement Agreement will help us resolve the outstanding balance in a mutually beneficial manner, enabling us to move forward with a positive working relationship. Furthermore, I kindly request that you review and consider my proposal at your earliest convenience. Should you have any questions or require further information, please do not hesitate to reach me via the contact details provided above. Thank you for your time and consideration. I look forward to your prompt response and the opportunity to bring my account current. Your attention to this matter is greatly appreciated. Sincerely, [Your Name]