Fill and Sign the This Letter is to Confirm Our Telephone Conversation of Form

Instruction: This is a model letter. Adapt to fit your facts and circumstances. Re:_____________________ Civil Action No.: _________ Dear : This letter is to confirm our telephone conversation of , 20 wherein we discussed the amount necessary to reinstate _____________________ loan with _____________________ . As I told you, _____________________ is in receipt of ฀฀฀ payments from _____________________ . However, _____________________ is not obligated to accept partial payments after it has accelerated the entire indebtedness. As a result, _____________________ has not applied the payments from _____________________ . Accordingly, _____________________ records reflect that _____________________ is payments past due. Our records indicate that _____________________ paid July, skipped August and September, paid October, and has not paid November, December, and January. Hence, our calculation of the amount necess ary to reinstate the loan is as follows: _____________________ . If _____________________ desires to reinstate his loan, _____________________ is willing to accept the two payments in the amount of $ which it has in its possession (rather than returning them to _____________________), leaving a balance due of $ , which must be submitted to us in certified funds. _____________________ is willing to forgo its demand for a day "drop dead" provision, but is not willing to compromise its attorneys fees. _____________________ believes that the contract with _____________________ provides for the payment of such fees. Moreover, this is not a collection action but rather a repossession a nd therefore, _____________________ does not believe that the Court will impose any percentage limitation on the fees recoverable. If fees are to be based on a percentage, t hen _____________________ believes that the full amount of the accelerated debt would be the proper starting point. Please discuss this with your client and let me know if we need to set a trial date.Sincerely, BY: : cc: