Sample Demand Letter And Notice Of Acceleration And Repossession (Page 2 of 3) in pdf

Sample Demand Letter And Notice Of Acceleration And Repossession Page 2

Certified Return Receipt Request Number:

[If this collection letter relates to a consumer debt, add: Please read the Fair Debt Collection

Practices Act notice which is attached to this letter as Exhibit A].

EXHIBIT "A"

FAIR DEBT COLLECTION PRACTICES ACT; CONSUMER NOTICE

The following notice is provided pursuant to the Fair Debt Collection Practices Act (ACT),

Public Law 95-109, 15 USC § 1601 et seq.

[CREDITOR’S NAME] BY AND THROUGH [ATTORNEY’S NAME], AS ITS LEGAL

COUNSEL, IS SENDING YOU THIS LETTER IN AN ATTEMPT TO COLLECT A DEBT.

YOU ARE ADVISED THAT ANY INFORMATION OBTAINED WILL BE USED FOR

THAT PURPOSE.

THE AMOUNT OF THE DEBT IS $[AMOUNT].

THE NAME OF THE CREDITOR TO WHOM THE DEBT IS OWED IS

[NAME].

PLEASE BE ADVISED THAT UNLESS YOU DISPUTE THE VALIDITY OF THE

ABOVE-DESCRIBED DEBT OR ANY PORTION OF THE DEBT WITHIN

THIRTY (30) DAYS AFTER RECEIPT OF THIS NOTICE, THE ATTORNEY AND

THE CREDITOR WILL ASSUME THAT THIS DEBT IS VALID AND THE

CREDITOR MAY PROCEED IN ACCORDANCE WITH THE ACT (PUBLIC

LAW 95-109) TO LEGALLY RECOVER MONIES OWED TO THE CREDITOR.

FURTHERMORE, YOU ARE ADVISED THAT YOU HAVE THE RIGHT TO

CONTACT THE CREDITOR, ATTORNEY OR DEBT COLLECTOR TO

DISPUTE THE DEBT.

IF YOU DISPUTE THE VALIDITY OF THE DEBT, YOU SHOULD NOTIFY THE

ATTORNEY WHO SENT THIS LETTER TO YOU, OF YOUR DISPUTE IN

WRITING WITHIN THIRTY (30) DAYS FROM THE RECEIPT OF THIS

NOTICE. IF YOU DISPUTE THE DEBT, THE ATTORNEY WILL OBTAIN A

VERIFICATION OF THE DEBT OR A COPY OF THE JUDGMENT AND MAIL

IT TO YOU.

UPON YOUR WRITTEN REQUEST WITHIN THE ABOVE-DESCRIBED

THIRTY (30) DAY TIME PERIOD, THE ATTORNEY OR DEBT COLLECTOR

WILL PROVIDE YOU WITH THE NAME AND ADDRESS OF THE ORIGINAL

CREDITOR, IF THE CREDITOR SEEKING TO COLLECT THE DEBT IS

DIFFERENT FROM THE ORIGINAL CREDITOR.

Sample Demand Letter And Notice Of Acceleration And Repossession Page 2