[Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, Zip Code] Subject: Request for Execution of Receipt and Release of Payment Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to formally request the execution of the Receipt and Release of Payment for the outstanding balance owed to me by [Debtor's Name]. As per our prior agreement on [Date of Agreement], which is attached herewith for your reference, [Debtor's Name] owes me a total amount of $[Total Amount]. The purpose of this document is to acknowledge the receipt of payment and release [Debtor's Name] from any further liabilities or claims related to the aforementioned outstanding balance. By executing this Receipt and Release of Payment, both parties will have clarity and legal protection regarding the settlement of the debt. To facilitate a smooth and expeditious process, please find enclosed the following documents: 1. Completed Receipt and Release of Payment form. 2. Proof of payment, such as a copy of the cleared check or wire transfer confirmation, for the amount of $[Total Amount]. 3. Copy of the original agreement signed by both parties. I kindly request you to carefully review the enclosed documents and ensure that all necessary signatures are affixed in the designated areas. Once signed, please return the original documents to my address mentioned above by [Desired Deadline], using the enclosed self-addressed stamped envelope. Please be advised that failure to execute the Receipt and Release of Payment within the specified timeframe will result in further legal actions to enforce the settlement agreement. Should you have any questions or require any additional information, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. I appreciate your prompt attention to this matter and your cooperation in resolving this financial obligation. Thank you for your understanding and assistance. I look forward to receiving the executed Receipt and Release of Payment promptly. Sincerely, [Your Name]