Notice to Guarantor Demanding Payment

This Notice to Guarantor Demanding Payment is from a creditor to an individual who has guaranteed a loan for a debtor. This notice effectively sets forth that the debtor has defaulted on the obligation and creditor now demands that guarantor pay the outstanding amount of the loan. It also sets out the name of the debtor, total amount of the loan, balance due and interest rate payable on this balance. It is imperative that this notice be clearly set forth in writing. (continued ...)