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#806366 - 08/30/07 06:44 PM Required format for letters of credit?
jap Offline
Platinum Poster
jap
Joined: Mar 2004
Posts: 600
IN
Is there a prescribed format for letters of credit? I have not heard of this but had a loan officer state that there was a regulatorily prescribed format.
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Lending Compliance
#806745 - 08/31/07 01:46 AM Re: Required format for letters of credit? jap
Ray_ Offline
Platinum Poster
Joined: Aug 2006
Posts: 879
Dallas, TX
I've not heard of this either. Usually everyone prefers to use their own. We have our attorney review them for approval.

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