Loan Repayment Acknowledgement Letter for Hong Kong

Loan Repayment Acknowledgement Letter Template for Hong Kong

A Loan Repayment Acknowledgement Letter is a formal document governed by Hong Kong law that serves as written confirmation of an outstanding debt and the debtor's commitment to repay it. This document is crucial for establishing or renewing the limitation period for debt collection and provides clear evidence of the debt's existence and terms. Under Hong Kong law, this acknowledgment must meet specific requirements outlined in the Limitation Ordinance (Cap. 347) and the Law Amendment and Reform (Consolidation) Ordinance (Cap. 23) to be legally effective in resetting the limitation period and maintaining the creditor's right to enforce the debt.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Loan Repayment Acknowledgement Letter

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Loan Repayment Acknowledgement Letter?

The Loan Repayment Acknowledgement Letter is a critical document used in Hong Kong's lending landscape when a debtor needs to formally acknowledge an outstanding debt and confirm their commitment to repay it. This document is particularly important when approaching the end of the limitation period for debt collection, when restructuring payment terms, or when consolidating multiple loans. It serves multiple purposes: it resets the limitation period for debt collection under Hong Kong law, provides clear evidence of the debt's existence and amount, and can include updated repayment terms. The letter must comply with Hong Kong's Limitation Ordinance and related legislation to be legally effective. It's commonly used by financial institutions, private lenders, and businesses to maintain their legal right to collect debts and provide clarity on repayment obligations.

What sections should be included in a Loan Repayment Acknowledgement Letter?

1. Sender Details: Full name and address of the debtor

2. Recipient Details: Full name and address of the creditor

3. Date: Date of the acknowledgement letter

4. Original Loan Reference: Details of the original loan agreement including date, parties, and initial amount

5. Current Debt Acknowledgement: Clear statement acknowledging the current outstanding amount, including any interest accrued

6. Repayment Confirmation: Confirmation of how and when the debt will be repaid

7. Legal Declaration: Statement confirming the acknowledgement is made freely and understanding its legal implications

8. Signature Block: Space for debtor's signature, name, and date

What sections are optional to include in a Loan Repayment Acknowledgement Letter?

1. Interest Calculation: Detailed breakdown of how interest has been calculated - include when there are complex interest calculations or disputes

2. Payment History: Summary of payments made to date - include when there's a long payment history or partial settlements

3. Security Details: Reference to any security or collateral - include when the loan is secured

4. Witness Block: Space for witness signature and details - include when additional verification is desired

5. Joint Debtor Details: Additional signature blocks and acknowledgments - include when there are multiple debtors

What schedules should be included in a Loan Repayment Acknowledgement Letter?

1. Schedule 1 - Payment History: Detailed list of all previous payments made against the loan

2. Schedule 2 - Interest Calculations: Detailed breakdown of interest calculations and current balance

3. Appendix A - Copy of Original Loan Agreement: Copy or summary of the original loan agreement terms

4. Appendix B - Security Documentation: Copies of any security or collateral documentation if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Hong Kong

Publisher

Genie AI

Document Type

Agreement Contract

Cost

Free to use
Relevant Industries

Banking

Financial Services

Private Lending

Real Estate

Corporate Finance

Small Business

Retail Banking

Investment Banking

Asset Management

Private Equity

Microfinance

Consumer Finance

Relevant Teams

Legal

Finance

Credit Risk

Collections

Compliance

Corporate Banking

Retail Banking

Operations

Treasury

Credit Administration

Debt Recovery

Document Management

Relevant Roles

Credit Manager

Loan Officer

Collections Officer

Legal Counsel

Finance Manager

Debt Recovery Specialist

Risk Manager

Compliance Officer

Account Manager

Corporate Banking Officer

Financial Controller

Credit Risk Analyst

Legal Administrator

Debt Collection Manager

Treasury Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Social Media Influencer Contract

A Hong Kong law-governed agreement between brands and social media influencers defining terms for content creation, promotion, and compensation.

Download

Statutory Declaration Form Partner Visa

A legally binding declaration form used in Hong Kong for partner visa applications, requiring sworn statements about relationship status and supporting evidence under Hong Kong law.

Download

Subject Meeting Minutes

Official record of corporate meeting proceedings and decisions, compliant with Hong Kong Companies Ordinance requirements.

Download

Simple NDA Form

A Hong Kong-governed NDA template for protecting confidential information in business relationships, compliant with Hong Kong law and common law principles.

Download

Repairs And Maintenance Contract

A Hong Kong law-governed agreement setting out terms and conditions for property repair and maintenance services, including service specifications and regulatory compliance requirements.

Download

Property Maintenance Contract

A Hong Kong law-governed agreement establishing terms and conditions for property maintenance services, including service standards, compliance requirements, and responsibilities.

Download

Providing Notice To Landlord

A formal notice from tenant to landlord under Hong Kong law, used for official communications regarding tenancy matters.

Download

Private Car Purchase Agreement

A Hong Kong law-governed agreement for the sale and purchase of a private vehicle, detailing terms of sale and ownership transfer.

Download

Partnership Agreement Between Company And Individual

A Hong Kong law-governed agreement establishing a partnership between a company and an individual, setting out terms for collaboration, responsibilities, and profit sharing.

Download

Non Responsibility Waiver

A Hong Kong law-governed document that releases liability for specified risks and activities, compliant with local ordinances and regulations.

Download

New Employee Details Form

A standardized form for collecting new employee information in Hong Kong, ensuring compliance with local employment and data privacy laws.

Download

Limited Letter Of Administration

A Hong Kong High Court document granting restricted authority to administer specific aspects of a deceased person's estate under Hong Kong law.

Download

IT Service Desk SLA

A Hong Kong law-governed Service Level Agreement establishing performance metrics and terms for IT Service Desk support services.

Download

Lease Termination Request Letter

A formal letter compliant with Hong Kong law requesting the termination of a lease agreement between tenant and landlord, including termination date and handover arrangements.

Download

Home Construction Contract Agreement

A Hong Kong-governed agreement between homeowner and contractor for residential construction works, outlining construction terms, payments, and compliance requirements.

Download

Fund Transfer Request Letter

A formal banking document used in Hong Kong to authorize and initiate fund transfers between accounts, complying with HKMA regulations and local banking requirements.

Download

Ending Tenancy Letter

A formal notice document used in Hong Kong to terminate a tenancy agreement, complying with local property law requirements.

Download

Employment Contract For Real Estate Agent

Hong Kong-compliant employment contract for real estate agents, covering licensing, commissions, and professional obligations under local law.

Download

Copyright Agreement Form

A Hong Kong law-governed agreement that facilitates the transfer or licensing of copyright ownership, ensuring legal protection under the Hong Kong Copyright Ordinance.

Download

Contract For Subcontractors In (Construction)

A Hong Kong law-governed agreement between main contractor and subcontractor defining construction works, payments, and compliance requirements.

Download

Conditional Sales Agreement

A Hong Kong law-governed agreement for sales where title transfer is conditional upon specific requirements such as full payment or other conditions.

Download

Buyer Contract With Real Estate Agent

A Hong Kong law-governed agreement between a property buyer and real estate agent establishing terms for property search and acquisition services.

Download

Builders Invoice

A Hong Kong-compliant financial document used by builders to request payment for completed construction works, incorporating local regulatory requirements and detailed cost breakdowns.

Download

Commitment Letter From Lender

A Hong Kong law-governed formal letter from a lender confirming their commitment to provide financing under specified terms and conditions.

Download

Cohabiting Agreement

A Hong Kong law-governed agreement establishing rights and obligations between unmarried cohabiting partners, covering property, financial, and living arrangements.

Download

Consignment Agreement For (Retail)

A Hong Kong law-governed agreement establishing terms for retail consignment arrangements, including commission structures, goods handling, and payment terms.

Download

Company Consent Letter

A formal document under Hong Kong law providing official company approval or permission for specific corporate actions, executed by authorized signatories.

Download

Basic Domestic Worker Contract

A standardized employment contract under Hong Kong law for domestic workers, outlining terms of employment, duties, and statutory rights and obligations.

Download

Subaward Agreement

A Hong Kong law-governed agreement for transferring portions of grant funding from a primary recipient to another organization for specific research or project activities.

Download

Estate Agent Memorandum Of Sale

A Hong Kong-compliant memorandum documenting property sale terms and conditions between parties, facilitated by licensed estate agents under local regulations.

Download

Master Professional Services Agreement

A Hong Kong law-governed master agreement establishing terms for ongoing professional services delivery through multiple statements of work.

Download

Service Agreement Payment Terms

A Hong Kong law-governed document establishing payment terms and conditions for service agreements, including payment schedules, methods, and dispute resolution procedures.

Download

Joint Custody Contract

A Hong Kong law-governed agreement establishing joint custody arrangements between parents/guardians, detailing shared responsibilities and decision-making processes for child care.

Download

Hazard Risk Assessment

A regulatory-compliant workplace hazard assessment document under Hong Kong law that identifies, evaluates, and provides control measures for workplace safety risks.

Download

Fixed Term Lease Notice

A formal notice document used in Hong Kong to communicate the termination or expiration of a fixed-term lease agreement, compliant with Hong Kong property law.

Download

Gross Misconduct Warning Letter

A formal warning letter under Hong Kong employment law addressing serious workplace misconduct that could warrant dismissal.

Download

Binder Agreement (Insurance)

A Hong Kong law-governed agreement delegating authority from an insurer to a coverholder to underwrite insurance contracts on the insurer's behalf.

Download

Vendor Service Level Agreement

A Hong Kong law-governed agreement defining service standards and performance metrics between a service provider and customer, with specific measurable targets and remedies.

Download

Latex Risk Assessment

A Hong Kong-compliant risk assessment document for evaluating and managing latex-related workplace hazards under Cap. 509 regulations.

Download

Exclusive Licence

A Hong Kong law-governed agreement granting exclusive rights to use and exploit intellectual property within specified parameters.

Download
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now