Is there a limit to extending the "Remaining Period" of a Note?

Albertdeanton

• October 27, 2023 10:10

Hello everyone,

I have 2 Notes: LVX00009WJJ3 and LVX00009F0M0.

The remaining period for these two Notes was 25 days. But when the 25 days are up, it is renewed for another 25 days.

Is there a limit to how many times it can be extended? When will the extension period stop?

Greetings,

Albert_

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  Lucja (Mintos)

  Community moderator

  • October 30, 2023 13:46

  Hi Albertdeanton, thank you for your question. The maximum number of times an underlying loan can be extended is 6 and the total possible extension days, as reflected on Mintos, is 180. You can read more about the schedule extensions here.
  
  
  

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  Albertdeanton

  • November 05, 2023 11:24

  Thank you!
  
  I didn't find that information, but now it's clear to me.

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  Lucja (Mintos)

  Community moderator

  • November 16, 2023 11:09

  Albertdeanton Sure! I'm happy that all is clear to you now.

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