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The Loan Recovery Letter is a crucial document in the Belgian debt recovery process, typically used when a borrower has defaulted on loan payments or significantly breached loan agreement terms. It serves as a formal written demand for payment and often represents a critical step before initiating legal proceedings. The document must strictly adhere to Belgian regulations, particularly the Law of 20 December 2002 on Amicable Recovery of Consumer Debts, and relevant EU directives. The letter should include specific details about the loan, outstanding amounts, payment history, and clear instructions for settling the debt. When dealing with consumer debtors, special attention must be paid to consumer protection regulations and the tone of communication must remain professional and non-threatening, as aggressive collection practices are prohibited under Belgian law.

1. Sender Details: Full legal name, address, and any relevant registration numbers of the creditor or collecting agency

2. Date and Reference: Current date and unique reference number for the debt recovery case

3. Recipient Details: Debtor's full name and address, ensuring GDPR compliance in handling personal data

4. Subject Line: Clear indication that this is a formal notice regarding loan recovery

5. Loan Details: Original loan amount, date, reference numbers, and current outstanding balance

6. Payment History: Summary of payments made and missed payments

7. Legal Basis: Reference to relevant loan agreement and Belgian legal provisions

8. Payment Demand: Clear statement of amount due and payment deadline

9. Payment Instructions: Detailed information on how to make the payment

10. Consequences of Non-Payment: Legal implications if payment is not received by the deadline

11. Contact Information: How the debtor can contact you to discuss the matter

12. Signature Block: Official signature, name, and title of the authorized representative