Demand by Secured Party for Possession of Collateral Template

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Take control of assets proclaimed as collateral for any loan or transaction. Use this Demand by Secured Party for Possession of Collateral template in getting any collateral item due for collection. Present a strong stand pursuant to any contract made having any asset mentioned as collateral. Provide a specified date and location for which said collateral will be collected. Get an immediately useable document where you simply insert your information and the details of the contract and collateral. Have a smooth collection process with the use of this print ready template that you can download now and gain immediate access.

Demand by Secured Party for Possession of Collateral Template

[DATE]

Dear [RECIPIENT NAME],

This letter is to remind you regarding the security agreement created and signed on [DATE 1] between you, [NAME], and myself, [YOUR NAME].

The security agreement specifically states that you are obliged to make the delivery of a collateral, which in this case is [DETAIL].

Because you are currently in default under this agreement, this letter serves as a formal demand for you to kindly surrender the collateral to me from your possession as per the security agreement’s terms and conditions and following the [LAW/ACT] of [COUNTRY/STATE/PROVINCE].

For any further information or queries regarding the same, please feel free to call me at [YOUR PHONE NUMBER] or email me at [YOUR EMAIL ID].

I am looking forward to your cooperation and prompt action on this matter.

Regards,

[YOUR SIGNATURE]

[YOUR NAME]