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B URE AU OF E NG RAVING AND P PRINTING DEPARTMENT OF THE TREASURY Prepared by the Historical Resource Center Last Updated April 2013 BEP HISTORY FACT SHEET DEMAND NOTES The Demand Note was the first

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How to Fill Out Demand Notes:

01

Start by gathering all the necessary information such as the recipient's name, address, and contact details.

02

Clearly state the purpose of the demand note, including the amount owed and any specific details or conditions related to the debt.

03

Include the due date for payment, ensuring it is reasonable and allows the recipient enough time to fulfill their obligation.

04

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Who Needs Demand Notes:

01

Businesses: Demand notes are commonly used by businesses to formally request payment from their customers or clients. It helps establish a clear timeline and expectation for payment.

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Individuals: Individuals who have lent money to someone, either friends, family members, or acquaintances, may also use demand notes to document the debt and request repayment.

03

Legal Entities: Demand notes can be used by legal entities such as landlords, who may need to request outstanding rent payments from their tenants.

04

Financial Institutions: Banks or other financial institutions may utilize demand notes to communicate outstanding loan payments or to collect any outstanding debts from their customers.

Overall, demand notes serve as a formal and documented request for payment and can be used by various individuals and entities to ensure timely repayment of debts.

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What is demand notes?

Demand notes are financial documents that specify the amount of money owed by one party to another, typically used in business transactions.

Who is required to file demand notes?

Any party who has lent money or provided goods/services on credit and wants to formalize the repayment terms may file demand notes.

How to fill out demand notes?

Demand notes should include information such as the amount owed, due date, payment instructions, and contact details of both parties.

What is the purpose of demand notes?

The purpose of demand notes is to establish a written record of the debt owed and the repayment terms agreed upon by both parties.

What information must be reported on demand notes?

Demand notes should include details such as the date of issuance, name and address of debtor, itemized list of debt, and signature of the creditor.

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