Common Contracts
1 similar Loan Extension Agreement contracts
Loan Extension AgreementLoan Extension Agreement • February 6th, 2019
By signing this request, I agree to skip my current due payment and the following monthly* payment. The skipped payment will be added to the end of the loan, thereby extending the term of the loan. I understand that interest will continue to accrue during the payment deferment period. If GAP (Guaranteed Asset Protection) or other debt claim protection was purchased on my loan, I understand coverage may be affected by skipping these payments. If my loan currently has Force Placed Insurance (CPI), I understand that my future payments may be affected by skipping these payments. I understand that my payments will resume 2 months from my currently scheduled payment** and all other terms and provisions of the originals loan agreement are unchanged and remain in full force and effect. I understand it is my responsibility to know when my regularly scheduled payment will resume.
