Hawaii 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 Dear [Lender's Name], I hope this letter finds you in good health and high spirits. I am writing to request an extension of time on the promissory note, dated [date], pertaining to the loan agreement between us. First and foremost, I would like to express my sincere gratitude for your assistance and support thus far in meeting my financial obligations. However, due to unforeseen circumstances, I am currently facing difficulties in meeting the set repayment schedule. Living in the beautiful state of Hawaii, we are unfortunately prone to natural disasters and in this case, my family and I have encountered an unexpected and devastating event. [Describe the specific event that has caused financial hardship, such as a hurricane, earthquake, or volcanic eruption]. This incident has resulted in significant property damages and unexpected expenses that have strained my financial resources. Understanding the importance of honoring my financial commitments, I am diligently working towards finding alternate sources of income and exploring feasible options to get back on track with the repayment schedule. Considering the circumstances, however, I kindly request your support in extending the due date for the payment on the promissory note for a period of [state desired extension period], until I am able to stabilize my financial situation. During this extension period, I assure you that I will remain committed to meeting my obligations and will make every effort to repay the loan in a timely manner. I understand that any extension granted will be subject to the terms and conditions mutually agreed upon by both parties. To provide further assurance, I am prepared to offer any necessary documentation, such as proof of the incurred damages, photographs, or receipts to support my request. Additionally, I am more than willing to discuss my situation further and explore any potential alternatives that may be available. You're understanding and support in this matter would be of immense help to me and my family during this challenging time. I value the relationship we have built and hope that we can work together to find a mutually beneficial solution. Thank you for your attention and consideration. I anxiously await your response to this earnest request for an extension of time on the promissory note. Please feel free to contact me at [your contact information] to discuss this matter further. I remain hopeful for a positive resolution. Yours sincerely, [Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number]

Dear [Lender's Name], I hope this letter finds you in good health and high spirits. I am writing to request an extension of time on the promissory note, dated [date], pertaining to the loan agreement between us. First and foremost, I would like to express my sincere gratitude for your assistance and support thus far in meeting my financial obligations. However, due to unforeseen circumstances, I am currently facing difficulties in meeting the set repayment schedule. Living in the beautiful state of Hawaii, we are unfortunately prone to natural disasters and in this case, my family and I have encountered an unexpected and devastating event. [Describe the specific event that has caused financial hardship, such as a hurricane, earthquake, or volcanic eruption]. This incident has resulted in significant property damages and unexpected expenses that have strained my financial resources. Understanding the importance of honoring my financial commitments, I am diligently working towards finding alternate sources of income and exploring feasible options to get back on track with the repayment schedule. Considering the circumstances, however, I kindly request your support in extending the due date for the payment on the promissory note for a period of [state desired extension period], until I am able to stabilize my financial situation. During this extension period, I assure you that I will remain committed to meeting my obligations and will make every effort to repay the loan in a timely manner. I understand that any extension granted will be subject to the terms and conditions mutually agreed upon by both parties. To provide further assurance, I am prepared to offer any necessary documentation, such as proof of the incurred damages, photographs, or receipts to support my request. Additionally, I am more than willing to discuss my situation further and explore any potential alternatives that may be available. You're understanding and support in this matter would be of immense help to me and my family during this challenging time. I value the relationship we have built and hope that we can work together to find a mutually beneficial solution. Thank you for your attention and consideration. I anxiously await your response to this earnest request for an extension of time on the promissory note. Please feel free to contact me at [your contact information] to discuss this matter further. I remain hopeful for a positive resolution. Yours sincerely, [Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number]