View the list of Sample Business Letters Demand by Secured Party for Possession of Collateral Disclaimer: Be aware that some of these sample letters have legal, financial, or other implications. If you are not sure about the use of any letter, consult with an appropriate professional first. Demand by Secured Party for Possession of Collateral DEMAND BY SECURED PARTY FOR POSSESSION OF COLLATERAL Date: _ To: _ (Debtor) This is to advise you that you are in default under our security agreement dated _, 19_, for the following reason(s): _ Accordingly, I demand that you surrender possession of the collateral to me at once as provided in the security agreement and Uniform Commercial Code. Very truly, ___________________________ Secured Party