District of Columbia Sample Letter for Request for Extension of Time on Promissory Note

• Category: Letters - Nonlegal - Requests
• State: Multi-State
• Control #: US-0395LR
• Format: Word; Rich Text

Description

Sample Letter for Request for Extension of Time on Promissory Note Subject: Request for Extension of Time on Promissory Note — [Your Name] [Your Name] [Your Address] [City, State, ZIP Code] [Phone Number] [Email Address] [Date] [Recipient's Name] [Recipient's Position] [Recipient's Company or Institution] [Recipient's Address] [City, State, ZIP Code] Dear [Recipient's Name], I hope this letter finds you well. I am writing to you today regarding a promissory note that I had executed with your institution on [date]. As per the terms of this agreement, I am writing to request an extension of time for the repayment of the promissory note. Under the current circumstances, I find myself facing unexpected financial difficulties caused by [briefly explain the reason for financial difficulties, such as loss of employment, medical emergencies, or other relevant factors]. Due to these unforeseen circumstances, I am unable to meet the scheduled repayment date stated in the promissory note. I would like to emphasize my commitment to fulfilling my financial obligations and my intention to repay the outstanding amount. However, I respectfully request an extension of [state the specific duration of extension requested, for example, 60 days] to allow me to overcome this temporary setback and arrange for the necessary funds. During this extension period, I assure you that I will be actively working towards meeting my financial obligations and will keep you informed of any significant developments or changes in my situation. I understand that any extension granted does not exempt me from the accrued interest, and I am fully prepared to honor these obligations promptly upon the expiration of the granted extension period. I kindly request your understanding and consideration regarding my current circumstances. Granting an extension in this matter will allow me to reorganize my financial affairs promptly and avoid any detrimental repercussions for both parties involved. To facilitate this extension request, please find attached [relevant supporting documents, if any, such as medical reports, termination letter, or any other documents that strengthen your case]. These documents serve to provide additional evidence of the significant challenges affecting my financial situation. I would be grateful if you could review my request at your earliest convenience. Please feel free to contact me at [phone number] or [email address] to discuss any further details or to seek clarification on any matters related to this extension request. I appreciate your prompt attention to this matter and trust that you will consider my request favorably. You're understanding and cooperation are crucial in helping me resolve this temporary financial setback. I genuinely value the relationship we have built and remain committed to fulfilling my obligations. Thank you for your time and consideration. Sincerely, [Your Name]

Subject: Request for Extension of Time on Promissory Note — [Your Name] [Your Name] [Your Address] [City, State, ZIP Code] [Phone Number] [Email Address] [Date] [Recipient's Name] [Recipient's Position] [Recipient's Company or Institution] [Recipient's Address] [City, State, ZIP Code] Dear [Recipient's Name], I hope this letter finds you well. I am writing to you today regarding a promissory note that I had executed with your institution on [date]. As per the terms of this agreement, I am writing to request an extension of time for the repayment of the promissory note. Under the current circumstances, I find myself facing unexpected financial difficulties caused by [briefly explain the reason for financial difficulties, such as loss of employment, medical emergencies, or other relevant factors]. Due to these unforeseen circumstances, I am unable to meet the scheduled repayment date stated in the promissory note. I would like to emphasize my commitment to fulfilling my financial obligations and my intention to repay the outstanding amount. However, I respectfully request an extension of [state the specific duration of extension requested, for example, 60 days] to allow me to overcome this temporary setback and arrange for the necessary funds. During this extension period, I assure you that I will be actively working towards meeting my financial obligations and will keep you informed of any significant developments or changes in my situation. I understand that any extension granted does not exempt me from the accrued interest, and I am fully prepared to honor these obligations promptly upon the expiration of the granted extension period. I kindly request your understanding and consideration regarding my current circumstances. Granting an extension in this matter will allow me to reorganize my financial affairs promptly and avoid any detrimental repercussions for both parties involved. To facilitate this extension request, please find attached [relevant supporting documents, if any, such as medical reports, termination letter, or any other documents that strengthen your case]. These documents serve to provide additional evidence of the significant challenges affecting my financial situation. I would be grateful if you could review my request at your earliest convenience. Please feel free to contact me at [phone number] or [email address] to discuss any further details or to seek clarification on any matters related to this extension request. I appreciate your prompt attention to this matter and trust that you will consider my request favorably. You're understanding and cooperation are crucial in helping me resolve this temporary financial setback. I genuinely value the relationship we have built and remain committed to fulfilling my obligations. Thank you for your time and consideration. Sincerely, [Your Name]