Louisiana 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 [Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] [Name of Lender] [Title] [Company Name] [Address] [City, State, Zip Code] Dear [Name of Lender], Subject: Request for Extension of Time on Promissory Note I hope this letter finds you well. I am writing to formally request an extension of time on the promissory note dated [Date of Promissory Note] for the loan amount of [Loan Amount]. As you may recall, I entered into a promissory note agreement with your esteemed institution to repay the loan in the agreed installments. However, due to unexpected circumstances and financial difficulties, I am unable to adhere to the original repayment schedule. I am fully committed to fulfilling my obligations, and I believe that requesting an extension of time will allow me to rectify this temporary setback and continue repayment as per the revised terms. I kindly request your understanding and consent for an extension of [timeframe to be extended, e.g., 60 days], granting me additional time to arrange the necessary funds for repayment. Furthermore, I would like to highlight that my financial circumstances have been affected by [briefly explain the reasons for the financial difficulty]. However, I am actively working towards resolving these issues and ensuring that my financial stability is restored. In order to demonstrate my commitment and willingness to repay the outstanding loan, I am enclosing [documents or evidence supporting your repayment plan, e.g., an updated repayment schedule or any relevant financial documents] for your review. Additionally, I am open to discussing alternative solutions or additional terms that you may find suitable. I understand that any modifications to the original agreement are subject to your approval, and I assure you that I will diligently adhere to the revised terms. It is of utmost importance to me to maintain a positive relationship with your institution by fulfilling my obligations. I kindly request your prompt attention to this matter and appreciate your consideration of my request for an extension of time. I am available at your convenience to discuss any details or provide further information required. Thank you very much for your understanding and cooperation. Your assistance in providing this extension will greatly relieve my current financial burden. Please consider my sincere request and communicate your decision at your earliest convenience. I eagerly await your favorable response. Yours sincerely, [Your Name]

[Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] [Name of Lender] [Title] [Company Name] [Address] [City, State, Zip Code] Dear [Name of Lender], Subject: Request for Extension of Time on Promissory Note I hope this letter finds you well. I am writing to formally request an extension of time on the promissory note dated [Date of Promissory Note] for the loan amount of [Loan Amount]. As you may recall, I entered into a promissory note agreement with your esteemed institution to repay the loan in the agreed installments. However, due to unexpected circumstances and financial difficulties, I am unable to adhere to the original repayment schedule. I am fully committed to fulfilling my obligations, and I believe that requesting an extension of time will allow me to rectify this temporary setback and continue repayment as per the revised terms. I kindly request your understanding and consent for an extension of [timeframe to be extended, e.g., 60 days], granting me additional time to arrange the necessary funds for repayment. Furthermore, I would like to highlight that my financial circumstances have been affected by [briefly explain the reasons for the financial difficulty]. However, I am actively working towards resolving these issues and ensuring that my financial stability is restored. In order to demonstrate my commitment and willingness to repay the outstanding loan, I am enclosing [documents or evidence supporting your repayment plan, e.g., an updated repayment schedule or any relevant financial documents] for your review. Additionally, I am open to discussing alternative solutions or additional terms that you may find suitable. I understand that any modifications to the original agreement are subject to your approval, and I assure you that I will diligently adhere to the revised terms. It is of utmost importance to me to maintain a positive relationship with your institution by fulfilling my obligations. I kindly request your prompt attention to this matter and appreciate your consideration of my request for an extension of time. I am available at your convenience to discuss any details or provide further information required. Thank you very much for your understanding and cooperation. Your assistance in providing this extension will greatly relieve my current financial burden. Please consider my sincere request and communicate your decision at your earliest convenience. I eagerly await your favorable response. Yours sincerely, [Your Name]