A Demand Letter From Mortgage Company is a crucial document in the mortgage servicing and collections process, typically issued when a borrower has fallen behind on mortgage payments. This formal communication serves multiple purposes under U.S. law: it establishes an official record of the demand for payment, complies with federal requirements under the FDCPA and RESPA, and often serves as a prerequisite to further legal action. The letter must include specific information required by federal and state regulations, such as the exact amount owed, itemization of charges, payment instructions, and statements about the borrower's rights. It's often used as a final attempt to resolve payment issues before initiating foreclosure proceedings, though it may also be used at earlier stages of default. The timing and content of the letter must adhere to both federal guidelines and state-specific requirements, which vary by jurisdiction.

1. Letterhead and Date: Company letterhead with full contact information and current date

2. Recipient Information: Borrower's full name and current address

3. Loan Information: Loan number, property address, and original loan details

4. Demand Statement: Clear statement that this is a demand for payment and the amount due

5. Payment Breakdown: Itemized list of amounts owed including principal, interest, late fees, and other charges

6. Payment Instructions: How and where to make the payment, including deadline

7. Legal Disclosure: Required FDCPA disclosure stating this is an attempt to collect a debt

8. Rights Statement: Statement of borrower's rights under federal and state law