Event 25 Sample Letters |
  
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Navigation: Appendix A - Merge Field Descriptions (Loans) > Event 25, Prenotification of Loan Maturity >
Event 25 Sample Letters |
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See the following examples of prenotification of loan maturity letters:
Example 1: Loan Maturity
<<EVENT_DATE>>
<<ACCOUNT_FIRST_MIDDLE_LAST_NAME_1>> <<ACCOUNT_FIRST_MIDDLE_LAST_NAME_2>> <<MAIL_ADDRESS_LINE1>> <<MAIL_ADDRESS_CITY_STATE_ZIP>>
RE: Matured Loan Number <<FORMATTED_LOAN_NUMBER>>
Dear Customer:
Your loan matured Month X, 200X and is now in default. We ask that you contact us by Month X, 200X so that this problem can be resolved.
At present, the following is the amount due, and interest is assessed daily at the rate of <<PER_DIEM>> per diem.
I would appreciate your immediate attention to this matter, and ask that you contact me at (555) 555-5555 on or before Month X, 200X between the hours of #:## am and #:## pm Monday through Friday.
Sincerely,
John Doe Loan Officer
TAH/mc
E25/L## |
Example 2: Loan Maturity
MATURING NOTICE
<<EVENT_DATE>>
<<ACCOUNT_FIRST_MIDDLE_LAST_NAME_1>> <<ACCOUNT_FIRST_MIDDLE_LAST_NAME_2>> <<MAIL_ADDRESS_LINE1>> <<MAIL_ADDRESS_CITY_STATE_ZIP>>
Principal Balance $<<PRINCIPAL_BALANCE>>
Dear <<ACCOUNT_FIRST_MIDDLE_LAST_NAME_1>>:
A payment on your note referenced above will mature on <<MATURITY_DATE_ALPHA>>. In the event that you are unable to pay the full amount due and to assure full consideration for renewal of your note, please provide us with the following:
- Updated Loan Application (enclosed) - Current Financial Statements (personal and/or business) - Proposed principal reduction - Interest payment to maturity
If you require additional information or have any questions on any of the foregoing, please call me.
Very truly yours,
John Doe Assistant Vice-President
E25/L## |
Example 3: Loan Maturity
<<EVENT_DATE>>
<<ACCOUNT_FIRST_MIDDLE_LAST_NAME_1>> <<ACCOUNT_FIRST_MIDDLE_LAST_NAME_2>> <<MAIL_ADDRESS_LINE1>>
Property Address: <<PROPERTY_ADDRESS_LINE1>> <<PROPERTY_ADDRESS_CITY_STATE_ZIP>>
Dear Account Holder,
Please be advised that the above referenced loan is due to mature on <<MATURITY_DATE_ALPHA>>.
You will receive an itemized payoff statement approximately thirty (30) days prior to the maturity date.
If you have any questions, please contact us at (555) 555-5555.
Sincerely,
LOAN SERVICING DEPARTMENT
E25/L## |
Example 4: Loan Maturity
<<EVENT_DATE>>
<<IRS_OWNER_FIRST_MIDDLE_LAST_NAME>> <<MAIL_ADDRESS_LINE1>> <<MAIL_ADDRESS_CITY_STATE_ZIP>>
Property Address: <<PROPERTY_ADDRESS_LINE1>> <<PROPERTY_ADDRESS_CITY_STATE_ZIP>>
Dear <<IRS_OWNER_FIRST_MIDDLE_LAST_NAME>>,
Your loan on the above referenced property will mature and be due and payable on <<MATURITY_DATE_ALPHA>>. The amount due on that date will be the outstanding principal balance plus accrued interest, late charges, advances and appropriate fees plus or minus any impound balance, if applicable.
Please contact this office for the total amount due prior to sending your final payment. You should initiate loan application promptly if refinancing will be necessary to pay this loan off.
If you have any questions, please contact our Loan Servicing Department at (555) 555-5555.
Sincerely,
Loan Servicing
E25/L## |
Example 5: Loan Maturity
<<EVENT_DATE>>
<<IRS_OWNER_FIRST_MIDDLE_LAST_NAME>> <<MAIL_ADDRESS_LINE1>> <<MAIL_ADDRESS_CITY_STATE_ZIP>>
Property Address: <<PROPERTY_ADDRESS_LINE1>> <<PROPERTY_ADDRESS_CITY_STATE_ZIP>>
Dear <<IRS_OWNER_FIRST_MIDDLE_LAST_NAME>>,
Our records indicate that the loan referenced above matures on <<MATURITY_DATE_ALPHA>>. The payoff amount will include a principal balance of $<<PRINCIPAL_BALANCE>>, interest as of the quoted payoff date and other fees.
Please contact our Loan Servicing Department at (555) 555-5555 as soon as possible for the total amount required to payoff your loan.
Thank you.
Sincerely,
Loan Servicing
E25/L## |