San Antonio Texas Sample Letter for Request for Extension of Time on Promissory Note

• Category: Letters - Nonlegal - Requests
• State: Multi-State
• City: San Antonio
• 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 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 [Name of Lender], I hope this letter finds you well. I am writing to formally request an extension of time on the promissory note that I signed with your esteemed institution on [Date of Signing]. Due to unforeseen circumstances, I require additional time to fulfill the financial obligation outlined in the promissory note. As a responsible borrower, I understand the importance of meeting my financial commitments, and I assure you that my intention is to honor this debt in full. However, due to [explain the reasoning for the extension, such as job loss, illness, economic downturn, or personal difficulties], I am requesting an extension of [number of days/weeks/months] to make the payment. I firmly believe that this extension is necessary to avoid defaulting on the promissory note and maintain a positive financial relationship with your institution. I am committed to fulfilling my obligations and will provide the necessary updates regarding my situation. To assure you of my good faith, I would like to propose the following solutions: 1. [Option 1: Specify a revised payment schedule] 2. [Option 2: Suggest a reduced payment amount temporarily until the situation improves] 3. [Option 3: Outline any other specific solutions or alternatives you may have] I am open to discussing any suggestions you may have regarding this extension request. I am willing to cooperate and provide any additional documentation that may be required to support my case. I acknowledge that any extension granted will be subject to your approval, and I am prepared to comply with any conditions you deem appropriate. Furthermore, I understand that any extension granted will not release me from the obligation to make the payment, but rather provide me with the necessary time to fulfill it. Please consider my request sympathetically and grant me the extension of time I am seeking. I genuinely value our professional relationship and hope that we can find a mutually beneficial solution. I kindly request that you confirm your receipt of this letter and inform me of the upcoming steps or any additional information you may require. Furthermore, I assure you that I will remain prompt in my communications throughout this process. Thank you for your understanding and cooperation. Please do not hesitate to contact me at [Your Phone Number] or [Your Email Address] if you require any further information or if I can be of any assistance. Sincerely, [Your Name]

[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 [Name of Lender], I hope this letter finds you well. I am writing to formally request an extension of time on the promissory note that I signed with your esteemed institution on [Date of Signing]. Due to unforeseen circumstances, I require additional time to fulfill the financial obligation outlined in the promissory note. As a responsible borrower, I understand the importance of meeting my financial commitments, and I assure you that my intention is to honor this debt in full. However, due to [explain the reasoning for the extension, such as job loss, illness, economic downturn, or personal difficulties], I am requesting an extension of [number of days/weeks/months] to make the payment. I firmly believe that this extension is necessary to avoid defaulting on the promissory note and maintain a positive financial relationship with your institution. I am committed to fulfilling my obligations and will provide the necessary updates regarding my situation. To assure you of my good faith, I would like to propose the following solutions: 1. [Option 1: Specify a revised payment schedule] 2. [Option 2: Suggest a reduced payment amount temporarily until the situation improves] 3. [Option 3: Outline any other specific solutions or alternatives you may have] I am open to discussing any suggestions you may have regarding this extension request. I am willing to cooperate and provide any additional documentation that may be required to support my case. I acknowledge that any extension granted will be subject to your approval, and I am prepared to comply with any conditions you deem appropriate. Furthermore, I understand that any extension granted will not release me from the obligation to make the payment, but rather provide me with the necessary time to fulfill it. Please consider my request sympathetically and grant me the extension of time I am seeking. I genuinely value our professional relationship and hope that we can find a mutually beneficial solution. I kindly request that you confirm your receipt of this letter and inform me of the upcoming steps or any additional information you may require. Furthermore, I assure you that I will remain prompt in my communications throughout this process. Thank you for your understanding and cooperation. Please do not hesitate to contact me at [Your Phone Number] or [Your Email Address] if you require any further information or if I can be of any assistance. Sincerely, [Your Name]