Wayne Michigan Sample Letter transmitting Cancellation and Satisfaction of Promissory Notes

• Category: Promissory Notes - Satisfaction
• State: Multi-State
• County: Wayne
• Control #: US-0904LTR
• 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 Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Subject: Sample Letter transmitting Cancellation and Satisfaction of Promissory Notes Dear [Recipient's Name], I am writing to formally transmit the Cancellation and Satisfaction of Promissory Notes in relation to the financial arrangement between [Lender's Name] and [Borrower's Name]. As per the terms agreed upon, attached you will find the necessary documentation to evidence the cancellation and satisfaction of the promissory notes. I hereby confirm that all monetary obligations and outstanding debt under the aforementioned promissory notes have been fully and unconditionally settled by the borrower, [Borrower's Name]. Therefore, it is crucial that you update your records accordingly. To provide clarity and avoid any confusion, the following details pertain to the relevant promissory notes: 1. Promissory Note Details: — Lender's Name: [Lender's Name— - Borrower's Name: [Borrower's Name] — Principal Amount: [Amount in Currency] — Interest Rate: [Rate in Percentage— - Maturity Date: [Date] 2. Promissory Note Details: — Lender's Name: [Lender's Name] — Borrower's Name: [Borrower's Name— - Principal Amount: [Amount in Currency] — Interest Rate: [Rate in Percentage— - Maturity Date: [Date] The borrower has fulfilled their obligation to repay the principal amount along with any accrued interest in a timely and satisfactory manner. As a result, all rights and entitlements associated with the promissory notes have been extinguished. Please make note of these details and take immediate action to update your systems and records pertaining to the cancellation and satisfaction of the promissory notes. Should you require any further information or have any questions regarding this matter, please do not hesitate to contact me at [Your Phone Number] or via email at [Your Email Address]. I will be more than willing to assist you. Thank you for your prompt attention to this request. Kindly acknowledge receipt of this letter and the attached documents. Yours sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Subject: Sample Letter transmitting Cancellation and Satisfaction of Promissory Notes Dear [Recipient's Name], I am writing to formally transmit the Cancellation and Satisfaction of Promissory Notes in relation to the financial arrangement between [Lender's Name] and [Borrower's Name]. As per the terms agreed upon, attached you will find the necessary documentation to evidence the cancellation and satisfaction of the promissory notes. I hereby confirm that all monetary obligations and outstanding debt under the aforementioned promissory notes have been fully and unconditionally settled by the borrower, [Borrower's Name]. Therefore, it is crucial that you update your records accordingly. To provide clarity and avoid any confusion, the following details pertain to the relevant promissory notes: 1. Promissory Note Details: — Lender's Name: [Lender's Name— - Borrower's Name: [Borrower's Name] — Principal Amount: [Amount in Currency] — Interest Rate: [Rate in Percentage— - Maturity Date: [Date] 2. Promissory Note Details: — Lender's Name: [Lender's Name] — Borrower's Name: [Borrower's Name— - Principal Amount: [Amount in Currency] — Interest Rate: [Rate in Percentage— - Maturity Date: [Date] The borrower has fulfilled their obligation to repay the principal amount along with any accrued interest in a timely and satisfactory manner. As a result, all rights and entitlements associated with the promissory notes have been extinguished. Please make note of these details and take immediate action to update your systems and records pertaining to the cancellation and satisfaction of the promissory notes. Should you require any further information or have any questions regarding this matter, please do not hesitate to contact me at [Your Phone Number] or via email at [Your Email Address]. I will be more than willing to assist you. Thank you for your prompt attention to this request. Kindly acknowledge receipt of this letter and the attached documents. Yours sincerely, [Your Name]