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The Second Letter of Demand is a critical document in Hong Kong's debt recovery process, typically issued after an initial demand letter has failed to elicit satisfactory response or payment from the debtor. This document serves as the final written warning before the creditor initiates legal proceedings, making it a crucial step in demonstrating reasonable attempts at debt collection before court action. The Second Letter of Demand must include specific elements such as updated debt calculations, accrued interest according to Hong Kong regulations, explicit reference to previous correspondence, and clear deadlines for payment. It should be drafted in compliance with Hong Kong's legal framework, including the Limitation Ordinance, Money Lenders Ordinance, and Personal Data (Privacy) Ordinance. The document's tone is more assertive than the first demand letter, clearly stating the creditor's intention to pursue legal remedies while maintaining professional standards and adhering to local debt collection practices.

1. Sender's Details: Full company/individual name, address, and contact information of the creditor or their legal representative

2. Recipient's Details: Full name and address of the debtor, including any reference numbers

3. Date: Current date and any relevant reference numbers

4. Subject Line: Clear indication this is a Second and Final Demand Letter with reference to the debt

5. Debt Details: Precise amount owed, origin of debt, and date it was incurred

6. Previous Correspondence: Reference to the first demand letter, including date sent and lack of satisfactory response

7. Interest and Charges: Details of additional interest and charges accrued since the first demand

8. Payment Deadline: Clear final deadline for payment (typically 7-14 days) with specific date

9. Legal Consequences: Explicit statement of legal action to be taken if payment is not received by the deadline

10. Payment Instructions: Clear payment methods and bank details for settlement