Sentences with phrase «provides letters of credit»

FEMA in turn provides letters of credit on behalf of the private insurers to pay claims in excess of the premiums collected and also provides reinsurance.

During the construction period, JPMorgan Chase Bank, N.A is providing a letter of credit, including interest, in the amount of $ 15,716,038.

The bank or credit union can provide a letter of credit acceptable to BND or pledge Fed Book entry securities.

Not exact matches

KeyBank N.A. provided the construction loan and construction letter of credit facility for the project, while KeyBanc Capital Markets Inc. acted as lead arranger for the deal.

This segment also provides construction, and land acquisition and development loans; secured and unsecured lines of credit; interim financing arrangements; rehabilitation loans; affordable housing loans and letters of credit; loans for securitization; and real estate and mortgage brokerage services.

In the ordinary course of business, HP may provide certain clients with subsidiary performance guarantees and / or financial performance guarantees, which may be backed by standby letters of credit or surety bonds.

You will need to provide Canadian Tire Petroleum with a bank letter of credit which will be used as security for the gasoline inventory.

The 2014 Recapitalization Agreement would also provide for the issuance of a new note with a principal amount of $ 50.0 million and a $ 100.0 million letter of credit facility.

Whether your payment terms of sale are designated «at sight» or for longer payment terms, PNC will provide you with an exact date of payment once your documents are in compliance with the terms and conditions of the Letter of Credit.

In a Nov. 15 letter to Speaker Paul Ryan, R - Wis., and Minority Leader Nancy Pelosi, D - Calif., a broad array of scientific and engineering societies called on House leaders to drop provisions in the tax bill (H.R. 1) that would eliminate tax credits, known as the Lifetime Learning Credit and the Hope Scholarship Credit, that alleviate the financial strain of higher education by providing a dollar - for - dollar reduction in the income tax liability of eligible students.

However, if you have one semester or less of transfer credits and both the course names and letter grades appear on the receiving institution's transcript, you do not need to provide a separate transcript.

(3) PRELIMINARY RATING OPINION LETTER. - The Secretary shall require each project applicant to provide a preliminary rating opinion letter from at least 1 rating agency -» (A) indicating that the senior obligations of the project, which may be the Federal credit instrument, have the potential to achieve an investment - grade rating; and» (B) including a preliminary rating opinion on the Federal credit instrument.»

The Letter of Interest must (i) describe the project and the location, purpose, and cost of the project, (ii) outline the proposed financial plan, including the requested credit assistance and the proposed obligor, (iii) provide a status of environmental review, and (iv) provide information regarding satisfaction of other eligibility requirements of the TIFIA credit program.

The DOT will not complete its creditworthiness review until the project sponsor has provided all requested information and materials, including, for TIFIA credit assistance, a preliminary rating opinion letter, and, for all forms of credit assistance, the Advisors» Fees Upfront Payment necessary to enable the DOT to engage its outside financial and, as and when necessary, legal advisors.

Therefore, the letter should provide a preliminary rating and rating analysis of the financial strength of the overall project and the default risk (i.e., without regard to recovery potential) of the requested TIFIA credit instrument and the project's senior debt.

The Secretary shall consult with the Office of Management and Budget, each rating agency providing such an opinion letter, and any other financial experts the Secretary deems necessary, in order to determine the credit instrument's appropriate subsidy cost (capital reserve) pursuant to the Federal Credit Reform Act ofcredit instrument's appropriate subsidy cost (capital reserve) pursuant to the Federal Credit Reform Act ofCredit Reform Act of 1990.

If you have applied with another lender / creditor for credit in the last 120 days, provide a letter of explanation

Ovation provides a number of credit correction and improvement services including the creation and sending of custom validation dispute letters to creditors, and creditor goodwill letters, as well as Ovation recommendation letters signed by Ovation's Directing Attorney that customers can use in future dealings with potential lenders.

Tip: Reputable credit repair companies can help consumers save time and money by providing an in - depth analysis of their credit report and helping with the submission of dispute letters to challenge inaccurate credit reports.

Commercial letters of credit — help facilitate trading activity between your business and other businesses by providing a payment mechanism that is convenient for both you and your vendor.

A pre-approval letter provides more piece of mind to seller as it means buyer provided loan officer income and asset originals plus obtained a credit report.

THANK YOU so much for providing that letter — it helped me take back some control of my credit and made me feel so much confident in being an active participant in how my creditors VIEW and TREAT ME.

These free letters are provided as examples to help consumers write their own credit report dispute letters to get outdated information and unauthorized credit report inquires removed from their credit reports for the purpose of improving credit scores.

If there's a red flag on your credit report — from such things as bankruptcies and collections — you will have to provide a letter of explanation with valid reasons for your past mistakes and the steps you have taken to correct the credit blemish.

The beauty of Validation is that if you send a letter Certified Mail Return Receipt Requested and the collection ageny doesn't respond, or fails to provide adequate evidence that you are responsible for a debt, that debt must (under the law) be removed from your credit reports.

Once you have provided proof of income, the down payment and closing costs along with good credit and an accepted offer to purchase, your broker will review with the mortgage lender and provide a letter of commmitment with conditions and terms of the mortgage for your acceptance.

Rates or points provided in pre-qualification or pre-approval letters do not take into consideration possible adjustments based on evaluation of: member's credit score, Loan - To - Value, Combined Loan - To - Value, subordinate financing, occupancy, appraised value, down payment, property type, property use and loan purpose.

After you receive the letter, mail it to the credit bureaus and demand that they immediately remove the bankruptcy as they knowingly provided false information and therefore are in violation of the Fair Credit Reportincredit bureaus and demand that they immediately remove the bankruptcy as they knowingly provided false information and therefore are in violation of the Fair Credit ReportinCredit Reporting Act.

This mortgagee letter provides guidance to lenders and underwriters for establishing and evaluating nontraditional credit histories and also describes FHA's acceptance of those enterprises that can develop a verifiable credit history, no less than 12 months in duration, for borrowers with limited traditional credit.

In addition, unsupervised correspondent lenders (as opposed to brokers) must provide business and personal credit reports, audited financial statements, quality control plans, sanctions letters and funding programs, and finally post a fidelity bond of at least $ 300,000 and carry at least $ 300,000 of errors and omissions insurance.

Financial guarantee insurance also competes with other forms of credit enhancement, including senior - subordinated structures, credit derivatives, over-collateralization, letters of credit and guarantees (for example, mortgage guarantees where pools of mortgages secure debt service payments) provided by banks and other financial institutions, some of which are governmental agencies or have been assigned the highest credit ratings awarded by one or more of the major rating agencies.

To the extent that banks providing credit enhancement may begin to issue letters of credit with commitments longer than 10 years, the competitive position of financial guarantee insurers, such as MBIA Corp., could be adversely affected.

This service provides what's called a «credit report card», not a real credit report, but it does give you an overview of your credit data, as well as a letter grade for the important contents of your credit report, along with tips and recommendations on the factors that can affect your score the most.

Evidence such as collection letters, loan / lease agreements, documents which authorize automatic payments, credit reports, dispute letters, voicemail messages, and / or any other files related to consumer situations are all very ripe for violations of consumer laws that provide these «statutory damages» to consumers.

For the purpose of achieving income, a Fund may lend its portfolio securities, provided (1) the loan is secured continuously by collateral consisting of U.S. Government securities or cash or cash equivalents (cash, U.S. Government securities, negotiable certificates of deposit, bankers» acceptances or letters of credit) maintained on a daily mark - to - market basis in an amount at least

The fund may loan portfolio securities to qualified broker - dealers or other institutional investors provided: (1) the loan is secured continuously by collateral consisting of U.S. government securities, letters of credit, cash or cash equivalents or other appropriate instruments maintained on a daily marked - to - market basis in an amount at least equal to the current market value of the securities loaned; (2) the fund may at any time call the loan and obtain the return of the securities loaned; (3) the fund will receive any interest or dividends paid on the loaned securities; and (4) the aggregate market value of securities loaned will not at any time exceed one - third of the total assets of the fund, including collateral received from the loan (at market value computed at the time of the loan).

(Sec. 188) Authorizes CEDA's Administrator to provide credit support (direct loans, letters, of credit, loan guarantees, insurance products, and the purchase of debt instruments) to enhance the availability of private financing for clean energy technology deployment.

Acting for Credit Suisse in a claim brought against them under a Letter of Indemnity provided for missing bills of lading where it is alleged that presentation under L / C was fraudulent.

In particular, it is not allowed to provide legal advice, conclude contracts or open or negotiate any letters of credit.

Development and securitization of synthetic life insurance products, letters of credit and reinsurance transformer transactions providing protection for guaranteed benefits

This two - credit hour advanced writing course helps prepare students for the rigors of legal analysis and writing in general civil practice by providing a variety of writing experiences including opinion and demand letters, pleadings, motions, and trial briefs.

An employer who at any time has contravened a requirement concerning the payment of wages may be required by the Branch to post a bond, or to provide an irrevocable letter of credit or other security, to help ensure future compliance.

Income Verification Letter is a document that is used to provide a legal proof of salary incomes for the verification purpose that usually occurs when you decide to apply for a bank account, credit card, loan, or for leasing conditions.

For instance, a bank credit reference letter is crucial because it would provide the basic and needed information regarding the length of time the applicant has held an account, the type of account availed, and the credit records.

These reference letters drafted in the form of Word or PDF acts as an efficient tool in attaching a risk factor to each customer and provide a credit limit to them.

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Should the period of 3 - 5 business days pass and your applicant has not demonstrated they are in the process of disputing the information contained in their report, you must then provide your applicant with an adverse - action letter, a copy of the entire background report, «A Summary of Your Rights Under the Fair Credit Reporting Act,» and if in California, the California statement of consumer rights.

This letter will also provide them with a copy of the background screening report, and a summary of their rights under the Fair Credit Reporting Act.

Essential Job Functions Provides closing expertise to RM / PM in pre-closing process through review of items required to close, review of credit approval and assistance with review of commitment letter and loan documentation Drives closing process with clie

The National Employment Law Project (NELP), National Consumer Law Center (NCLC), and Community Legal Services, Inc. (CLS) recently sent a letter to the Consumer Financial Protection Bureau (CFPB) providing information on a proposed Summary of Rights and regulatory changes to strengthen the protections found in the Fair Credit Reporting Act (FCRA) regarding criminal background checks on job applicants for employment.