North Dakota Sample Letter for Request to Bank for Extension of Time

State:
Multi-State
Control #:
US-0274LR
Format:
Word; 
Rich Text
Instant download

Description

Sample Letter for Request to Bank for Extension of Time

Subject: Request for Extension of Time — Loan Repayment [Your Account Number] Dear [Bank Name] Representative, I hope this letter finds you well. I am writing to request an extension of time for the repayment of my loan, specifically, [mention loan type and number]. I have been facing unforeseen financial difficulties due to [mention reason, such as job loss, medical expenses, or other personal circumstances] which have made it extremely challenging for me to meet the original loan repayment deadline. Furthermore, I am a resident of North Dakota, where unpredictable weather conditions significantly impact our livelihoods and economic stability. The state of North Dakota, located in the Midwestern United States, encompasses vast stretches of serene landscapes, including the Great Plains and the majestic Missouri River. Known for its bustling oil industry, rich agricultural heritage, and welcoming communities, North Dakota offers a unique blend of rural charm and modern amenities. North Dakota embraces a wide range of activities for residents and tourists alike, such as exploring Theodore Roosevelt National Park, visiting iconic landmarks like the Fargo Theater or Fort Abraham Lincoln State Park, and experiencing the cultural vibrancy of the North Dakota State Fair. The state is also home to prestigious educational institutions like the University of North Dakota and North Dakota State University. Regarding the extension of loan repayment, due to my current financial situation, I humbly request an extension of [mention desired length of time, for example, 60 days] to allow me to overcome my temporary setbacks and get back on track with my financial obligations. During this extended period, I am committed to working diligently to improve my financial situation and fulfill my repayment obligations responsibly. I understand that an extension may incur additional fees or interest, and I am willing to discuss any pertinent details or requirements associated with the extension process. To facilitate this, I kindly request you to provide me with the necessary information and documentation outlining the proposed extension terms and any associated costs. I assure you that granting an extension would greatly alleviate my current financial burden, enabling me to better manage my finances. I deeply value the banking relationship we have developed, and I am committed to maintaining my account with [Bank Name] in good standing. Furthermore, I kindly ask for your empathetic consideration and understanding of my current circumstances. Your support in extending the repayment deadline will be sincerely appreciated, and it will enable me to recover from my financial hardship. Thank you for your attention to this matter. I kindly request a prompt response to this letter, along with the relevant information and terms regarding the proposed extension. Should you require any additional documentation or information, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. Once again, thank you for your understanding and assistance. I look forward to resolving this matter together and continuing our positive banking relationship. Yours sincerely, [Your Name] [Your Address] [City, State, ZIP Code] [Your Phone Number] [Your Email Address]

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FAQ

How to get bill extensions during COVID-19Identify the payments you need to defer.Contact the service provider or lender.Ask to change the date of payments.Ask for a bill extension.Request a payment plan or reduced payment.Work with a housing or credit counselor.Consider using bill extension apps.

My next specify payment will be due on , 20 . Due to an unexpected emergency that has occurred, I will be unable to make this payment by the date I am requesting an extension of time to make this payment.

(Cordially describe your greetings). We will try our best to make the payment on time and apologize for the inconvenience caused to you. I ask you to consider my request for postponement of the last day for the advance payment of the money promised according to the deal signed between us and your company (date).

My next specify payment will be due on , 20 . Due to an unexpected emergency that has occurred, I will be unable to make this payment by the date I am requesting an extension of time to make this payment.

Include your contact information and ask to be contacted when the letter is received. Highlight the reasons you are requesting an extension. If possible, provide documentation. For example if you have recently been laid off and are collecting unemployment, you could submit a statement of your benefits.

To confirm our phone conversation of this afternoon, I am asking you to consider whether it would be possible for me to supply you with my decision by March 28. I would very much appreciate such an extension, and assure you that I will be able to make a firm decision by that date.

To write a letter of request, start by greeting the recipient with Dear, followed by the person's last name and title, or To Whom It May Concern. Then, briefly explain who you are and why you're writing in the 1st paragraph. Next, provide additional context and details about your request in the 2nd paragraph.

How do you ask for an extension deadline?Determine if an extension is possible.Don't put in a request at the last moment.Ask in person or by phone or email.Give a credible reason.Furnish proof of work done.Set a new deadline and stick to it.Thank the supervisor or manager.Make sure it doesn't happen again.

Use these steps to help you make an effective deadline extension request:Determine deadline importance.Decide how to ask.Provide a specific reason.Show your dedication.Offer to share your progress.Set a reasonable new deadline.Show gratitude.Example conversational request.More items...?

I would like to state that my fee submission due date is (Date). I am having a financial crisis due to which I won't be able to pay my dues on time. (show your actual problem and situation). For which I would like to request to the registration office to extend due date till (Date).

More info

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North Dakota Sample Letter for Request to Bank for Extension of Time