Agreement to Modify Promissory Note

Agreement to Modify Promissory Note

This easy-to-use form lets you change the terms of your promissory note (IOU form).You can make various changes, including:

  • lower payments
  • interest-only payments
  • lower the interest rate

You can save and edit the form before you buy--just create a Nolo.com account. It's easy, free, and there's no obligation to buy anything. If you purchase the form, you'll be able to print, send, or download it.

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Product Details

If the borrower isn’t meeting the original payment plan, the lender and borrow may need to rework the terms -- for example, lower payments, agree to interest-only payments, or lower the interest rate. This will allow you to modify your promissory note (IOU form). Any changes must be put in writing for the protection of both parties. Use this form to do just that.

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