Tennessee 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 Subject: Request for Extension of Time on Promissory Note — Tennessee Dear [Lender's Name], I am writing to formally request an extension of time on the promissory note dated [date of note] for the amount of [loan amount]. I apologize for any inconvenience caused and would like to assure you of my commitment to fulfilling my financial obligations. Due to unforeseen circumstances, I require additional time to arrange the necessary funds for the payment. The extension will provide me with the opportunity to meet my financial responsibilities without defaulting on the terms of the promissory note. It is my sincere intention to fulfill this agreement in full. I kindly request an extension of [number of days/weeks/months] on the repayment deadline, which is currently set for [original due date]. This extension will allow me to arrange alternative financing options or gather the necessary funds to meet the payment obligation. I assure you that this extension will not result in any breach of the original agreement terms, including any agreed-upon interest rates or penalties. Furthermore, I understand that any additional interest accrued during the extension period will be included in the revised payment schedule. Please find attached any supporting documentation related to the circumstances necessitating this extension. If required, I am available to provide further details and discuss the situation in person or over the phone. I sincerely hope we can come to a mutually agreeable extension that allows me to fulfill my financial obligations without any undue burden. Thank you for considering my request for an extension of time on the promissory note. I value our business relationship and assure you that I will make every effort to adhere to the revised payment schedule promptly. You're understanding and cooperation in this matter are greatly appreciated. Please review this request at your earliest convenience so that we can proceed accordingly. I kindly request a written confirmation of the extension granted, along with any amended terms and conditions related to the promissory note. Thank you for your attention to this matter. Sincerely, [Your Name] [Your Address] [City, State, ZIP Code] [Phone Number] [Email Address] Additional Types of Tennessee Sample Letters for Request for Extension of Time on Promissory Note: 1. College Loan Sample Letter for Request for Extension of Time on Promissory Note — If you have taken a college loan, you may need additional time to repay it. This type of letter would contain specific details about your college loan and the reasons for requesting an extension. 2. Business Loan Sample Letter for Request for Extension of Time on Promissory Note — This type of letter would be applicable for businesses that require an extension on their loan repayment deadline, providing an explanation of the business's current financial situation and justifying the need for extra time. 3. Mortgage Loan Sample Letter for Request for Extension of Time on Promissory Note — In cases where individuals face difficulties in meeting their mortgage repayments, this specific type of letter would focus on explaining the reasons for the request, along with providing relevant documentation such as proof of income, financial statements, or medical bills if applicable. Remember, when drafting any of these letters, it is crucial to provide all necessary details, justifications, and supporting documents to increase the likelihood of receiving approval for your extension request.

Subject: Request for Extension of Time on Promissory Note — Tennessee Dear [Lender's Name], I am writing to formally request an extension of time on the promissory note dated [date of note] for the amount of [loan amount]. I apologize for any inconvenience caused and would like to assure you of my commitment to fulfilling my financial obligations. Due to unforeseen circumstances, I require additional time to arrange the necessary funds for the payment. The extension will provide me with the opportunity to meet my financial responsibilities without defaulting on the terms of the promissory note. It is my sincere intention to fulfill this agreement in full. I kindly request an extension of [number of days/weeks/months] on the repayment deadline, which is currently set for [original due date]. This extension will allow me to arrange alternative financing options or gather the necessary funds to meet the payment obligation. I assure you that this extension will not result in any breach of the original agreement terms, including any agreed-upon interest rates or penalties. Furthermore, I understand that any additional interest accrued during the extension period will be included in the revised payment schedule. Please find attached any supporting documentation related to the circumstances necessitating this extension. If required, I am available to provide further details and discuss the situation in person or over the phone. I sincerely hope we can come to a mutually agreeable extension that allows me to fulfill my financial obligations without any undue burden. Thank you for considering my request for an extension of time on the promissory note. I value our business relationship and assure you that I will make every effort to adhere to the revised payment schedule promptly. You're understanding and cooperation in this matter are greatly appreciated. Please review this request at your earliest convenience so that we can proceed accordingly. I kindly request a written confirmation of the extension granted, along with any amended terms and conditions related to the promissory note. Thank you for your attention to this matter. Sincerely, [Your Name] [Your Address] [City, State, ZIP Code] [Phone Number] [Email Address] Additional Types of Tennessee Sample Letters for Request for Extension of Time on Promissory Note: 1. College Loan Sample Letter for Request for Extension of Time on Promissory Note — If you have taken a college loan, you may need additional time to repay it. This type of letter would contain specific details about your college loan and the reasons for requesting an extension. 2. Business Loan Sample Letter for Request for Extension of Time on Promissory Note — This type of letter would be applicable for businesses that require an extension on their loan repayment deadline, providing an explanation of the business's current financial situation and justifying the need for extra time. 3. Mortgage Loan Sample Letter for Request for Extension of Time on Promissory Note — In cases where individuals face difficulties in meeting their mortgage repayments, this specific type of letter would focus on explaining the reasons for the request, along with providing relevant documentation such as proof of income, financial statements, or medical bills if applicable. Remember, when drafting any of these letters, it is crucial to provide all necessary details, justifications, and supporting documents to increase the likelihood of receiving approval for your extension request.