Ohio 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 Ohio 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] Subject: 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 formally request an extension of time on the promissory note [Note Number] dated [Date of Note]. Due to unforeseen circumstances, I am unable to make the scheduled payment on [Date of Payment], and I am kindly seeking your understanding and support in granting me an extension. I would like to express my commitment to fulfilling all my financial obligations and to maintain a strong credit history. Unfortunately, [provide a brief but honest explanation of the specific circumstances that have led to the temporary financial setback, such as sudden loss of employment, medical emergencies, or unexpected expenses]. These circumstances have impacted my ability to meet the payment deadline as originally agreed. I would like to propose an extension of [state the desired period of the extension, e.g., 30 days] in order to arrange the necessary funds and fulfill my obligations promptly. I assure you that I will make every effort to meet the revised payment deadline [new proposed payment date]. It is important for me to resolve this matter as soon as possible to ensure the integrity of our borrower-lender relationship. Enclosed with this letter, please find supporting documents detailing the circumstances that have caused temporary financial hardship. This includes [list supporting documents, such as medical bills, termination letter, pay stubs, or bank statements]. These documents will provide a comprehensive overview of the situation and further reinforce the validity of my request. I understand that this extension is purely at your discretion. I appreciate your consideration and understanding of my current situation and hope you will grant my request for the extension. Furthermore, I remain committed to maintaining open communication and promptly updating you on any developments regarding the extension request. Please feel free to contact me at [Your Phone Number] or [Your Email Address] to discuss this matter further or if you require any additional information. Your personal attention to this matter is greatly appreciated. Thank you for your time and understanding. I look forward to your positive response. Sincerely, [Your Name]

Ohio 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] Subject: 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 formally request an extension of time on the promissory note [Note Number] dated [Date of Note]. Due to unforeseen circumstances, I am unable to make the scheduled payment on [Date of Payment], and I am kindly seeking your understanding and support in granting me an extension. I would like to express my commitment to fulfilling all my financial obligations and to maintain a strong credit history. Unfortunately, [provide a brief but honest explanation of the specific circumstances that have led to the temporary financial setback, such as sudden loss of employment, medical emergencies, or unexpected expenses]. These circumstances have impacted my ability to meet the payment deadline as originally agreed. I would like to propose an extension of [state the desired period of the extension, e.g., 30 days] in order to arrange the necessary funds and fulfill my obligations promptly. I assure you that I will make every effort to meet the revised payment deadline [new proposed payment date]. It is important for me to resolve this matter as soon as possible to ensure the integrity of our borrower-lender relationship. Enclosed with this letter, please find supporting documents detailing the circumstances that have caused temporary financial hardship. This includes [list supporting documents, such as medical bills, termination letter, pay stubs, or bank statements]. These documents will provide a comprehensive overview of the situation and further reinforce the validity of my request. I understand that this extension is purely at your discretion. I appreciate your consideration and understanding of my current situation and hope you will grant my request for the extension. Furthermore, I remain committed to maintaining open communication and promptly updating you on any developments regarding the extension request. Please feel free to contact me at [Your Phone Number] or [Your Email Address] to discuss this matter further or if you require any additional information. Your personal attention to this matter is greatly appreciated. Thank you for your time and understanding. I look forward to your positive response. Sincerely, [Your Name]