Demand Letter - Leonor
Demand Letter - Leonor
Demand Letter - Leonor
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JOSE LEONOR
Eight Arms Security Agency
Mr. Leonor:
It was brought to our attention that despite repeated demands for payment of
your loan balance and to surrender your collateral on the loan as per the Loan
Agreement, you deliberately refused to pay the loan balance and surrender your
updated ATM as collateral. This act clearly violates the rights of our client and your
sworn creed as a security guard.
In view thereof, please consider this letter as our FORMAL DEMAND upon you
to pay your outstanding balance amounting to ONE HUNDRED SEVENTY EIGHT
THOUSAND ONE HUNDRED FIFTY THREE PESOS (Php178,153.00) within five (5)
days from receipt of this letter. Otherwise, we shall be constrained to take necessary
measures, including the filing of civil and/or criminal case/s against you including filing
of an administrative complaint before the PNP-SOSIA for the revocation of your license
as a Security Guard for violation of the Security Guard Creed and Section 2 of the Code
of Ethics for Security Guards which reads:
Deliberate refusal to surrender your ATM and non-payment of your loan is grave
dishonesty, serious disobedience of the law and a clear violation of the Security Guard
Creed and Code of Ethics and an intentional breach of your Agreement with our client.
Should you intend to negotiate with our client in relation with your outstanding
loan balance, you may call E&M Lending Corporation at (02) 843-3354 during
weekdays between 8:00am to 5:00pm.
Copy furnished:
Demand Letter