Dear {Mr./Mrs. Name},
I am sincerely sorry for the delay in payment on {loan type}. I apologize for any inconvenience or frustration this caused you. The delay was caused by {reason}. While I take full responsibility for my mistake, I would like to assure you that this was a one-time error on my part. I have already put a {remedy to situation} plan into effect to ensure that this does not happen again.
I have included the check for the full amount of {amount}, signed and dated on {date}. I would appreciate it if, considering the circumstances and the fact that this is my first infraction, you would be willing to waive the late payment fee.
I apologize again for the delay and thank you for your time and patience.
Sincerely,
{Your Name}
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Index of letter of apology templates