San Jose California Sample Letter for Revised Promissory Note

• Category: Promissory Notes - Revisions
• State: Multi-State
• City: San Jose
• 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. [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Subject: Revised Promissory Note Dear [Recipient's Name], I hope this letter finds you well. I am writing to formally request a revision of the Promissory Note dated [original date] that was signed between us. This revised Promissory Note aims to address certain changes in the terms and conditions agreed upon initially, ensuring clarity and accuracy in our agreement. The purpose of this letter is to provide both parties with a comprehensive and legally binding agreement that reflects the updated terms of our loan. Given the importance of such documents, I have taken the initiative to outline these revisions below: 1. Loan Amount: The revised loan amount will be [new loan amount], which has been agreed upon by both parties. 2. Interest Rate: The interest rate on the loan will be revised to [new interest rate], ensuring fairness and consent from both parties. 3. Payment Schedule: The payment schedule will be revised to reflect the new loan amount and corresponding interest rate. The revised payment schedule has been attached for your reference. 4. Maturity Date: The maturity date for the revised loan will be [new maturity date], providing us with ample time to fulfill our obligations. Furthermore, please note that this revised Promissory Note includes all the necessary clauses and provisions to protect the rights and interests of both parties involved. It is strongly advised that you carefully review and seek legal counsel before signing this document. Should you agree to the proposed revisions, please sign and date a copy of this letter, acknowledging your acceptance of the changes. Upon receiving the signed copy, I will prepare the revised Promissory Note promptly and ensure it is delivered to you via certified mail or any preferred method. I would appreciate receiving your response within [number of days] of receiving this letter to expedite the revision process. If you have any questions or concerns regarding the revisions, please do not hesitate to reach out to me via the contact information provided above. Thank you for your attention to this matter, and I look forward to your prompt response. Sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Subject: Revised Promissory Note Dear [Recipient's Name], I hope this letter finds you well. I am writing to formally request a revision of the Promissory Note dated [original date] that was signed between us. This revised Promissory Note aims to address certain changes in the terms and conditions agreed upon initially, ensuring clarity and accuracy in our agreement. The purpose of this letter is to provide both parties with a comprehensive and legally binding agreement that reflects the updated terms of our loan. Given the importance of such documents, I have taken the initiative to outline these revisions below: 1. Loan Amount: The revised loan amount will be [new loan amount], which has been agreed upon by both parties. 2. Interest Rate: The interest rate on the loan will be revised to [new interest rate], ensuring fairness and consent from both parties. 3. Payment Schedule: The payment schedule will be revised to reflect the new loan amount and corresponding interest rate. The revised payment schedule has been attached for your reference. 4. Maturity Date: The maturity date for the revised loan will be [new maturity date], providing us with ample time to fulfill our obligations. Furthermore, please note that this revised Promissory Note includes all the necessary clauses and provisions to protect the rights and interests of both parties involved. It is strongly advised that you carefully review and seek legal counsel before signing this document. Should you agree to the proposed revisions, please sign and date a copy of this letter, acknowledging your acceptance of the changes. Upon receiving the signed copy, I will prepare the revised Promissory Note promptly and ensure it is delivered to you via certified mail or any preferred method. I would appreciate receiving your response within [number of days] of receiving this letter to expedite the revision process. If you have any questions or concerns regarding the revisions, please do not hesitate to reach out to me via the contact information provided above. Thank you for your attention to this matter, and I look forward to your prompt response. Sincerely, [Your Name]