Gift Letter: Loan Repayment Forgiveness
To ___[borrower first name]___:
I made a loan of $___[total loan amount]___ to you on ___[loan date]___. This loan has an
upcoming payment due from you to me on ___[due date of payment to be forgiven]___ in the
amount of $________ ("Loan Payment").
By my signature below, I hereby forgive all of this Loan Payment.
By signing this letter, I understand that I do not waive the right to choose to receive subsequent
Loan Payments under the Promissory Note signed by the borrower on ___[date note signed]___.
________[signature of lender]_______
______[printed name of lender]______