This Loan Extension Agreement will extend the time a borrower has to pay off a loan. 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. It is imperative that this type of extension agreement be set out in writing rather than by an oral agreement. A written Loan Extension Agreement will prove valuable in the event of disagreements surrounding the loan’s maturity date.

This Loan Extension Agreement contains the following provisions:

• Parties: Sets out the names and addresses of both borrower and lender and date of the agreement;
• Loan Information: Sets out the amount of the loan, date of original promissory note and maturity date;
• Maturity Date: Sets forth the new maturity date of the loan;
• Signatures: The borrower and lender must sign this agreement in front of witnesses.

Protect yourself and your rights by using our attorney-prepared up-to-date forms.

This attorney-prepared packet contains:

1. General Instructions
2. Loan Extension Agreement

State Law Compliance: This form complies with the laws of all states