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Arkansas Sample Letter for Request for Extension of Time on Promissory Note

State:
Multi-State
Control #:
US-0395LR
Format:
Word; 
Rich Text
Instant download

Description

Sample Letter for Request for Extension of Time on Promissory Note Subject: Request for Extension of Time on Promissory Note Dear [Lender's Name], I hope this letter finds you in good health. I am writing to formally request an extension of time on the promissory note [loan number] that I have with your esteemed institution. Due to unforeseen circumstances, I am facing difficulties in meeting the original repayment deadline. [Provide a brief explanation of the circumstances that have caused your financial constraints. Be honest, transparent and include any relevant details.] Considering my long-standing relationship with your bank and my commitment to fulfill my financial obligations, I kindly request an extension of [specify the length of time you are seeking] on the mentioned promissory note. I assure you that this extension will assist me in organizing my finances more effectively and allow me to fulfill my obligation without any undue burden. I understand that any extension would result in additional interest and charges. Therefore, I am willing to discuss and negotiate the specific terms and conditions of this extension to reach a mutually beneficial agreement for both parties. I have also taken the liberty of attaching the necessary supporting documents that substantiate my current financial situation, as well as a proposed repayment plan which outlines how I intend to repay the outstanding balance within the extended timeframe. [Acknowledge your responsibility for the debt and express your gratitude for the lender's consideration and support.] I kindly request you to review my request for an extension and provide me with a written confirmation of your approval as soon as possible, so that I can plan my finances accordingly and ensure a seamless repayment process. Thank you for your attention to this matter, and I look forward to your prompt response. Should you have any further questions or require additional information, please do not hesitate to contact me at [your phone number] or [your email address]. Sincerely, [Your Name] [Your Address] [City, State, ZIP] [Loan Number] Different types of Arkansas Sample Letter for Request for Extension of Time on Promissory Note may include: 1. Promissory Note Extension for Student Loan 2. Promissory Note Extension for Mortgage Loan 3. Promissory Note Extension for Business Loan 4. Promissory Note Extension for Personal Loan.

Subject: Request for Extension of Time on Promissory Note Dear [Lender's Name], I hope this letter finds you in good health. I am writing to formally request an extension of time on the promissory note [loan number] that I have with your esteemed institution. Due to unforeseen circumstances, I am facing difficulties in meeting the original repayment deadline. [Provide a brief explanation of the circumstances that have caused your financial constraints. Be honest, transparent and include any relevant details.] Considering my long-standing relationship with your bank and my commitment to fulfill my financial obligations, I kindly request an extension of [specify the length of time you are seeking] on the mentioned promissory note. I assure you that this extension will assist me in organizing my finances more effectively and allow me to fulfill my obligation without any undue burden. I understand that any extension would result in additional interest and charges. Therefore, I am willing to discuss and negotiate the specific terms and conditions of this extension to reach a mutually beneficial agreement for both parties. I have also taken the liberty of attaching the necessary supporting documents that substantiate my current financial situation, as well as a proposed repayment plan which outlines how I intend to repay the outstanding balance within the extended timeframe. [Acknowledge your responsibility for the debt and express your gratitude for the lender's consideration and support.] I kindly request you to review my request for an extension and provide me with a written confirmation of your approval as soon as possible, so that I can plan my finances accordingly and ensure a seamless repayment process. Thank you for your attention to this matter, and I look forward to your prompt response. Should you have any further questions or require additional information, please do not hesitate to contact me at [your phone number] or [your email address]. Sincerely, [Your Name] [Your Address] [City, State, ZIP] [Loan Number] Different types of Arkansas Sample Letter for Request for Extension of Time on Promissory Note may include: 1. Promissory Note Extension for Student Loan 2. Promissory Note Extension for Mortgage Loan 3. Promissory Note Extension for Business Loan 4. Promissory Note Extension for Personal Loan.

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Arkansas Sample Letter for Request for Extension of Time on Promissory Note