Subject: Tennessee Sample Letter for Return of Overpayment to Client Dear [Client's Name], I hope this letter finds you in good health and high spirits. We recently conducted an audit of your account and identified an overpayment made on [specific date] for [specific product/service]. I am writing to inform you that you have accidentally overpaid the invoice by [dollar amount]. At [Your Company Name], we value transparency and ethical business practices. It is our utmost priority to ensure that all financial transactions are accurate and fair to both parties involved. Therefore, we are committed to promptly rectifying any discrepancies that may occur. As per our internal policy and in accordance with Tennessee regulations, we are obligated to refund any overpayment made by our clients. Hence, we have initiated the process to refund the overpaid amount to you. The refund will be made via the same payment method used for the original transaction, except in cases where an alternative method is mutually agreed upon. To streamline the return process, we kindly request you to review the following options and inform us of your preference: 1. Crediting the overpaid amount towards your future purchases with us. 2. Issuing a refund check payable to the payee listed on the original invoice. 3. Transferring the overpaid amount directly to your bank account through electronic funds transfer (EFT). For this option, please provide your preferred bank account details, including the account holder's name, the routing number, and the account number. Please inform us of your preferred option within [number of days] to ensure a seamless refund process. In case we do not receive any responses within this timeframe, we will proceed with a refund check issued in your name and mailed to your registered address on file. I would like to take this opportunity to thank you for your continued patronage and apologize for any inconvenience caused by this overpayment issue. We truly value your business and aim to provide the best customer experience possible. If you have any questions or require further assistance regarding this matter, please do not hesitate to contact our customer service team at [customer service number] or reply to this letter directly. Our team is well-equipped to guide you through the refund process and address any concerns you may have. Once again, we apologize for any inconvenience caused and assure you that we are committed to promptly resolving this matter. We appreciate your patience and cooperation. Thank you for your attention to this matter. Sincerely, [Your Name] [Your Position] [Your Company Name] [Your Contact Information] Additional types of Tennessee Sample Letters for Return of Overpayment to Client: 1. Tennessee Sample Letter for Return of Overpayment to Vendor 2. Tennessee Sample Letter for Return of Overpayment to Tenant 3. Tennessee Sample Letter for Return of Overpayment in Child Support 4. Tennessee Sample Letter for Return of Overpayment in Healthcare Billing 5. Tennessee Sample Letter for Return of Overpayment in Legal Fees 6. Tennessee Sample Letter for Return of Overpayment in Insurance Premiums.
Tennessee Sample Letter for Return of Overpayment to Client
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How to fill out Tennessee Sample Letter For Return Of Overpayment To Client?
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FAQ
If an employee has been overpaid, can the employer reclaim the overpayment? If the employer has overpaid an employee by mistake then the employer has the right to reclaim that money back.
Dear [Employee], A salary overpayment has been identified on a previous pay period and has been submitted to University Payroll & Benefits for processing. University Payroll & Benefits will send you notification of the overpayment along with the collection process needed to satisfy this debt.
I acknowledge on [date] I received an over payment in the amount of $____________. I understand that [Company Name] will need to be reimbursed. I have selected the checked option below to repay the company. ? ____ Deduct the overpayment from my salary from next pay period.
Some states limit the period within which recovery may be required--90 days in Tennessee; 5 years in Nevada; 1 year in New Mexico; 2 years in Alaska, Florida, North Dakota, and Washington; 3 years in Indiana, Louisiana, Maryland, Michigan, Nebraska, Ohio, Utah, and Wyoming; 4 years in Arkansas and New Jersey; 5 years ...
(d) OVERPAYMENTS. (1) Any person who is overpaid any amounts as benefits under this chapter is liable to repay those amounts, except as otherwise provided by this subsection (d) or by § 50-7-304(b)(2). (C) The recovery of the overpayment from the person would be against equity and good conscience.
In most circumstances an employer has the right to claim back money if they've overpaid someone. They should contact the employee as soon as they're aware of the mistake. If an employee notices an overpayment in their payslip, they should talk to their employer as soon as possible.
I am writing to you because I have been informed that I have been overpaid. I (am/was employed/engaged) by you from (enter date) to the (enter date) as a (enter job title) on a (enter job type - full time, part time or agency/casual) basis. You have stated that I have been overpaid by a total sum of (enter amount).
