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.
Tennessee Sample Letter for Request for Extension of Time on Promissory Note
Description
How to fill out Tennessee Sample Letter For Request For Extension Of Time On Promissory Note?
Are you within a position that you require files for both company or individual purposes nearly every time? There are a lot of legal document web templates available on the Internet, but discovering kinds you can rely on isn`t straightforward. US Legal Forms offers 1000s of form web templates, just like the Tennessee Sample Letter for Request for Extension of Time on Promissory Note, which can be created in order to meet federal and state specifications.
When you are already informed about US Legal Forms website and possess a merchant account, merely log in. After that, it is possible to acquire the Tennessee Sample Letter for Request for Extension of Time on Promissory Note design.
If you do not offer an account and would like to begin using US Legal Forms, follow these steps:
- Discover the form you want and make sure it is for your appropriate metropolis/area.
- Take advantage of the Preview option to check the shape.
- Read the outline to actually have selected the right form.
- When the form isn`t what you are searching for, take advantage of the Lookup area to discover the form that suits you and specifications.
- If you find the appropriate form, click on Buy now.
- Choose the prices strategy you would like, complete the desired details to create your money, and pay money for your order utilizing your PayPal or credit card.
- Choose a hassle-free document format and acquire your duplicate.
Locate all of the document web templates you may have purchased in the My Forms food selection. You may get a additional duplicate of Tennessee Sample Letter for Request for Extension of Time on Promissory Note any time, if needed. Just go through the necessary form to acquire or printing the document design.
Use US Legal Forms, the most comprehensive collection of legal kinds, to save lots of some time and avoid faults. The services offers professionally manufactured legal document web templates which you can use for a variety of purposes. Produce a merchant account on US Legal Forms and initiate making your way of life a little easier.
Form popularity
FAQ
A promissory note can become invalid if it excludes A) the total sum of money the borrower owes the lender (aka the amount of the note) or B) the number of payments due and the date each increment is due.
A demand note means that the balance owed does not have to be repaid until it is 'demanded' by the lender and the note does not have a specific end date listed. When payment is requested, a time period will be given for repayment.
(Cordially describe your greetings). We will try our best to make the payment on time and apologize for the inconvenience caused to you. I ask you to consider my request for postponement of the last day for the advance payment of the money promised according to the deal signed between us and your company (date).
A promissory note payable on demand is a way to get repaid when you loan money to someone. It is a document that states the terms of the loan and includes the payable on demand notation on it. This means that you can demand full payment of the loan at any time you deem necessary.
All Promissory Notes are valid only for a period of 3 years starting from the date of execution, after which they will be invalid. There is no maximum limit in terms of the amount which can be lent or borrowed. The issuer / lender of the funds is normally the one who will hold the Promissory Note.
My next specify payment will be due on , 20 . Due to an unexpected emergency that has occurred, I will be unable to make this payment by the date I am requesting an extension of time to make this payment.
Depending on which state you live in, the statute of limitations with regard to promissory notes can vary from three to 15 years. Once the statute of limitations has ended, a creditor can no longer file a lawsuit related to the unpaid promissory note.
How to write a leave extension letterCheck your company's leave extension rules.Include date, name and address.Add the name and address of the recipient.Add a subject line.Add a salutation.Refer to your original leave status.Explain the reason for the extension.Specify the duration of the extension.More items...?
The financial condition of my family has become quite uncertain and unstable. As a result of this, I have not been able to pay my school fee for the month of May and June, 2019. Kindly give my family a time period of two weeks. I shall be able to pay the fee by July 2, 2019.
How to Write a Promissory NoteDate.Name of the lender and borrower.Loan amount.Whether the loan is secured or unsecured. If it's secured with collateral: What is the collateral?Payment amount and frequency.Payment due date.Whether the loan has a cosigner, and if so, who.
