Promissory Note Demand Letter Template for Indonesia

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Key Requirements PROMPT example:

Promissory Note Demand Letter

"I need a Promissory Note Demand Letter for collecting an overdue business loan of IDR 500,000,000 from PT Sejahtera Industries, which was due on March 15, 2025, with the original promissory note executed by their CEO."

Document background
A Promissory Note Demand Letter is a crucial document in Indonesian debt collection practices, used when a borrower has failed to meet their payment obligations under a promissory note (surat sanggup). This document type is governed by Indonesian civil and commercial law, particularly the Indonesian Commercial Code (KUHD) and Civil Code (KUHPerdata). It serves as a formal prerequisite to legal action, documenting the creditor's attempt to collect the debt through official channels. The letter must clearly state the original terms of the promissory note, current amount due including any applicable interest, and provide a reasonable timeframe for payment. It's commonly used by financial institutions, businesses, and individuals who need to formally demand payment on a defaulted or mature promissory note before pursuing further legal remedies under Indonesian law.
Suggested Sections

1. Sender Details: Full legal name and address of the creditor or their authorized representative

2. Date: Current date of the demand letter

3. Recipient Details: Full legal name and address of the debtor

4. Subject Line: Clear indication that this is a formal demand for payment of promissory note

5. Reference to Promissory Note: Details of the original promissory note including date, parties, and amount

6. Statement of Default: Clear statement of the default or missed payment

7. Payment Demand: Specific amount demanded, including any interest and fees

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

9. Deadline: Specific deadline for payment response

10. Legal Consequences: Statement of legal actions that will be taken if payment is not received

11. Closing: Formal closing and signature block

Optional Sections

1. Payment History: Include when there is a history of partial payments or previous defaults to establish pattern

2. Interest Calculation: Detailed breakdown of interest calculations when significant interest has accrued

3. Prior Demands: Reference to previous demand letters if this is not the first notice

4. Settlement Options: Include if the creditor is willing to discuss payment plans or settlements

5. Power of Attorney Reference: Include when the letter is sent by a legal representative rather than the original creditor

Suggested Schedules

1. Copy of Original Promissory Note: Authenticated copy of the original promissory note

2. Payment Calculation Schedule: Detailed breakdown of principal, interest, and any penalties

3. Payment History Record: Documentary evidence of any partial payments made

4. Authorization Documents: Power of attorney or other authorization documents if sent by a representative

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Banking & Financial Services

Legal Services

Real Estate

Commercial Trading

Manufacturing

Retail

Construction

Import/Export

Professional Services

Small and Medium Enterprises

Relevant Teams

Legal

Finance

Credit Control

Collections

Risk Management

Compliance

Treasury

Accounts Receivable

Corporate Secretariat

Debt Recovery

Relevant Roles

Credit Manager

Collections Officer

Legal Counsel

Corporate Lawyer

Finance Director

Accounts Receivable Manager

Risk Manager

Compliance Officer

Chief Financial Officer

Treasury Manager

Debt Recovery Specialist

Company Secretary

Banking Officer

Credit Analysis Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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