COLLECTIONS DEMAND LETTER
State of Colorado
SECTION A: BUSINESS-TO-BUSINESS (B2B) COLLECTIONS
[LAW FIRM NAME / CREDITOR NAME]
[ADDRESS]
[CITY], Colorado [ZIP]
Tel: [TELEPHONE]
[DATE]
[DEBTOR COMPANY NAME]
[ADDRESS]
[CITY, STATE ZIP]
Re: DEMAND FOR PAYMENT
Account Number: [NUMBER]
Total Amount Due: $[TOTAL]
Dear [RECIPIENT NAME]:
This constitutes FINAL DEMAND FOR PAYMENT before legal action.
| Invoice | Date | Amount | Balance |
|---|---|---|---|
| [#] | [DATE] | $[AMT] | $[BAL] |
| Interest (8%) | $[AMT] | ||
| TOTAL | $[TOTAL] |
Colorado Law: Interest at 8% per annum (C.R.S. section 5-12-102). Contract claims must be filed within 3 years.
DEMAND: Pay $[TOTAL] within [15/30] days.
[LAW FIRM NAME]
By: _______________________________
SECTION B: BUSINESS-TO-CONSUMER (B2C) COLLECTIONS
FDCPA AND COLORADO FDCPA COMPLIANCE REQUIRED
[DEBT COLLECTOR NAME]
[ADDRESS]
[CITY], Colorado [ZIP]
[DATE]
[CONSUMER NAME]
[ADDRESS]
[CITY], Colorado [ZIP]
Account Number: [NUMBER]
NOTICE OF DEBT
THIS IS AN ATTEMPT TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE.
Amount: $[AMOUNT]
Creditor: [CREDITOR NAME]
YOUR RIGHTS
Federal and Colorado Rights:
- Dispute within 30 days for verification
- Colorado Fair Debt Collection Practices Act (C.R.S. section 5-16-101) provides additional protections
Colorado Exemptions:
- Homestead: $75,000 (C.R.S. section 38-41-201)
- 75% of earnings protected
- Retirement accounts fully exempt
- Personal property exemptions
[DEBT COLLECTOR NAME]