It should be noted that after the due date of the promissory note, the holder of the promissory note must present the promissory note for payment on the last day of the payment term or two following business days. You must send the demand to repay the note to the borrower by registered mail no later than in two days since the end of the payment term. Always save a copy of the notice with a copy of a postal receipt.
If your debtor has not repaid the debt, you must send the following notice of non-payment under the promissory note in two days after sending the demand to repay under the promissory note. Always save a copy of the notice with a copy of a postal receipt.
If you did not get your money back regardless of the actions taken, don’t hesitate and contact the notary to issue an executive record. Note, that a notary will issue an executive record only if all other steps have been properly taken and you will be able to submit the promissory note, copies of the demand to pay with the post office receipt, and copies of the notice regarding non-payment with a post office receipt.
If the notary refused to issue an executive record, don't be dismayed and contact Eskolos – we’ll help to recover your debt even in such case.
You can find all debt document templates, i.e. promissory note, demand to pay according to the promissory note, notice of non-payment, and loan agreement, by clicking here.