Protect yourself and your rights by using our attorney-prepared up-to-date forms. Signatures: The borrower and lender must sign this agreement in front of witnesses.Maturity Date: Sets forth the new maturity date of the loan.Loan Information: Sets out the amount of the loan, date of original promissory note and maturity date.Parties: Sets out the names and addresses of both borrower and lender and date of the agreement.This Loan Extension Agreement contains the following provisions: A written Loan Extension Agreement will prove valuable in the event of disagreements surrounding the loan’s maturity date. It is imperative that this type of extension agreement be set out in writing rather than by an oral agreement. This agreement is between the lender and borrower and sets out the amount of the loan, date of original promissory note and its maturity date and the new maturity date of the loan. This Loan Extension Agreement will extend the time a borrower has to pay off a loan. A personal loan agreement outlines the terms of how money is borrowed and when it will be paid back.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |