Objection to Proposal to Accept Collateral in [Full/Partial] Satisfaction of Obligation
[Date]
[Name and address of lender]
Security Agreement
Date:
Debtor:
Lender (Secured Party):
Collateral:
Note
Date:
Amount:
Borrower (Obligor):
[Secondary Obligor:]
Lender (Secured Party):
[Salutation]
This letter is to notify you of an objection to your proposal to accept the collateral dated [date of lender’s proposal].
[Name of debtor or person objecting]