New Hampshire Sample Letter for Revised Promissory Note

• Category: Promissory Notes - Revisions
• State: Multi-State
• Control #: US-0427LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. Dear [Borrower's Name], RE: Revised Promissory Note for [Loan Amount] I am writing to you regarding the promissory note for the aforementioned loan, which was originally executed on [date]. After careful consideration and further discussions, we have mutually agreed to amend certain terms and conditions of the promissory note for your convenience and our continued cooperation. Please find enclosed a copy of the revised promissory note for your reference and signature. The revised promissory note outlines updated terms and conditions, reflecting the changes we have agreed upon. It is crucial to thoroughly review the document and ensure you fully understand the modifications made before appending your signature. The revised promissory note includes the following key changes: 1. Loan Amount: The total loan amount remains unchanged at [Revised Loan Amount]. 2. Interest Rate: The interest rate has been revised to [Revised Interest Rate]%, leading to adjusted monthly installments. 3. Repayment Schedule: The revised promissory note presents a modified repayment schedule. Please refer to Section [XXX] for detailed information on the new due dates, monthly installments, and the final maturity date. 4. Late Payment Penalties: The updated promissory note introduces revised late payment penalties, in accordance with the applicable laws and regulations. It is imperative to adhere to the new payment schedule to avoid any potential additional fees. 5. Prepayment: The revised promissory note grants you the option of prepaying the outstanding balance in full or in part, subject to [Prepayment Clause Details]. To ensure a smooth transition, we kindly request you sign and return the executed copy of the revised promissory note within [XXX] days of receiving this letter. Your prompt action will confirm your acceptance of the revised terms and conditions, and help us maintain an accurate and updated record of our agreement. Should you have any queries or concerns regarding the revised promissory note, please do not hesitate to contact our office. We are committed to providing you with further assistance and addressing any questions you may have. Thank you for your attention to this matter, and we appreciate your prompt response. We value our relationship with you, and we believe these revisions will contribute to a more favorable loan agreement for both parties involved. Yours sincerely, [Your Name] [Your Title/Position] [Your Organization] [Contact Information]

Dear [Borrower's Name], RE: Revised Promissory Note for [Loan Amount] I am writing to you regarding the promissory note for the aforementioned loan, which was originally executed on [date]. After careful consideration and further discussions, we have mutually agreed to amend certain terms and conditions of the promissory note for your convenience and our continued cooperation. Please find enclosed a copy of the revised promissory note for your reference and signature. The revised promissory note outlines updated terms and conditions, reflecting the changes we have agreed upon. It is crucial to thoroughly review the document and ensure you fully understand the modifications made before appending your signature. The revised promissory note includes the following key changes: 1. Loan Amount: The total loan amount remains unchanged at [Revised Loan Amount]. 2. Interest Rate: The interest rate has been revised to [Revised Interest Rate]%, leading to adjusted monthly installments. 3. Repayment Schedule: The revised promissory note presents a modified repayment schedule. Please refer to Section [XXX] for detailed information on the new due dates, monthly installments, and the final maturity date. 4. Late Payment Penalties: The updated promissory note introduces revised late payment penalties, in accordance with the applicable laws and regulations. It is imperative to adhere to the new payment schedule to avoid any potential additional fees. 5. Prepayment: The revised promissory note grants you the option of prepaying the outstanding balance in full or in part, subject to [Prepayment Clause Details]. To ensure a smooth transition, we kindly request you sign and return the executed copy of the revised promissory note within [XXX] days of receiving this letter. Your prompt action will confirm your acceptance of the revised terms and conditions, and help us maintain an accurate and updated record of our agreement. Should you have any queries or concerns regarding the revised promissory note, please do not hesitate to contact our office. We are committed to providing you with further assistance and addressing any questions you may have. Thank you for your attention to this matter, and we appreciate your prompt response. We value our relationship with you, and we believe these revisions will contribute to a more favorable loan agreement for both parties involved. Yours sincerely, [Your Name] [Your Title/Position] [Your Organization] [Contact Information]