The Demand Notice From Bank is a critical document in the UAE banking sector's debt recovery process. It is typically issued when a customer defaults on their banking facility or loan payments, serving as a formal notification and demand for payment. The notice must strictly comply with UAE Central Bank regulations, UAE Federal Law No. 18 of 1993 (Commercial Transactions Law), and other relevant banking regulations. It is commonly used before initiating legal proceedings and must include specific details such as the outstanding amount, payment terms, and consequences of non-payment. The document's format and content are influenced by UAE's civil law system and must consider both conventional and Islamic banking requirements where applicable. Banks must ensure the notice meets all regulatory requirements for it to be legally enforceable in UAE courts.

1. Bank Details and Reference: Full name and address of the bank, reference numbers, date, and any relevant account numbers

2. Debtor Information: Full name and address of the debtor/customer, including all relevant identification numbers

3. Outstanding Amount: Clear statement of the total outstanding amount, broken down into principal, interest, and any charges

4. Debt Origin: Reference to the original facility/loan agreement and its date

5. Default Statement: Clear statement of the default and reference to relevant clause(s) in the original agreement

6. Demand Statement: Formal demand for payment, including the total amount required

7. Payment Instructions: Clear instructions on how and where to make the payment

8. Compliance Notice: Statement of compliance with UAE Central Bank regulations regarding notice requirements

9. Legal Consequences: Statement of potential legal actions if payment is not received

10. Response Timeline: Clear deadline for response or payment