Montana 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] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Title] [Company Name] [Company Address] [City, State, ZIP] Subject: Request for Extension of Time on Promissory Note Dear [Recipient's Name], I am writing to formally request an extension of time on the promissory note [Mention the promissory note number or other relevant details] that I hold with [Lender's Name]. Due to unforeseen circumstances beyond my control, I am unable to fulfill the payment obligations within the agreed-upon timeframe. I apologize for any inconvenience caused and sincerely request your understanding and cooperation. Recognizing the importance of meeting financial obligations, I assure you that I am committed to resolving this matter as soon as possible. To explain my situation further, [Briefly explain the reasons for the extension request, such as unexpected medical expenses, loss of employment, or any relevant personal or financial difficulties]. These circumstances have temporarily affected my ability to meet the repayment terms outlined in the promissory note. In light of this, I kindly ask for an extension of [Specify the desired extension period, e.g., 30 days] to help me overcome these challenges and fulfill my obligations responsibly. I am actively working towards rectifying the situation and will make every effort to meet the extended deadline. I understand that any extension granted will be subject to your approval and that additional terms or conditions may be applied. Furthermore, I am open to discussing alternate arrangements, such as modified payment plans or the possibility of paying accrued interest during the extended period. Please let me know if any such alternatives are viable. Enclosed with this letter, please find supporting documents that substantiate my current situation [Mention any relevant documents you are including, such as medical reports, termination letter, or financial statements]. I hope these documents provide a comprehensive overview of the circumstances leading to my request. I am eager to resolve this matter amicably, and I kindly request your prompt attention to this request. If further information or documentation is required, please do not hesitate to contact me at the phone number or email address provided above. Thank you very much for your time and consideration. I look forward to your positive response and the opportunity to work together towards a fair and reasonable solution. Yours sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Title] [Company Name] [Company Address] [City, State, ZIP] Subject: Request for Extension of Time on Promissory Note Dear [Recipient's Name], I am writing to formally request an extension of time on the promissory note [Mention the promissory note number or other relevant details] that I hold with [Lender's Name]. Due to unforeseen circumstances beyond my control, I am unable to fulfill the payment obligations within the agreed-upon timeframe. I apologize for any inconvenience caused and sincerely request your understanding and cooperation. Recognizing the importance of meeting financial obligations, I assure you that I am committed to resolving this matter as soon as possible. To explain my situation further, [Briefly explain the reasons for the extension request, such as unexpected medical expenses, loss of employment, or any relevant personal or financial difficulties]. These circumstances have temporarily affected my ability to meet the repayment terms outlined in the promissory note. In light of this, I kindly ask for an extension of [Specify the desired extension period, e.g., 30 days] to help me overcome these challenges and fulfill my obligations responsibly. I am actively working towards rectifying the situation and will make every effort to meet the extended deadline. I understand that any extension granted will be subject to your approval and that additional terms or conditions may be applied. Furthermore, I am open to discussing alternate arrangements, such as modified payment plans or the possibility of paying accrued interest during the extended period. Please let me know if any such alternatives are viable. Enclosed with this letter, please find supporting documents that substantiate my current situation [Mention any relevant documents you are including, such as medical reports, termination letter, or financial statements]. I hope these documents provide a comprehensive overview of the circumstances leading to my request. I am eager to resolve this matter amicably, and I kindly request your prompt attention to this request. If further information or documentation is required, please do not hesitate to contact me at the phone number or email address provided above. Thank you very much for your time and consideration. I look forward to your positive response and the opportunity to work together towards a fair and reasonable solution. Yours sincerely, [Your Name]