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Re: Rolling Maturity Date on Loans

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#2875
commonbanker
Participant

Wow…noone willing to wade in? This is either to obvious to deserve a response or a grey area. I personally think it’s black and white. A promissory note is a contract…and can only be extended past the maturity date by executing a new promissory note.

Surely that will spur some interest in the contrary group? Would like to hear an opposing argument.

Thanks!!