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Form 440-4881 Irrevocable Letter of Credit - Oregon
What Is Form 440-4881?
This is a legal form that was released by the Oregon Department of Consumer and Business Services - a government authority operating within Oregon. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form 440-4881?
A: Form 440-4881 is an Irrevocable Letter of Credit used in Oregon.
Q: What is an Irrevocable Letter of Credit?
A: An Irrevocable Letter of Credit is a financial instrument often used in business transactions to provide a guarantee of payment.
Q: Why would someone use Form 440-4881?
A: Someone would use Form 440-4881 when they need to provide a guaranteed method of payment for a transaction in Oregon.
Q: Is Form 440-4881 specific to Oregon?
A: Yes, Form 440-4881 is specific to Oregon.
Q: Is Form 440-4881 legally binding?
A: Yes, Form 440-4881 is a legally binding document.
Q: What information is required in Form 440-4881?
A: Form 440-4881 typically requires information about the issuing bank, the beneficiary, the amount of the letter of credit, and the terms and conditions of the letter.
Q: Can Form 440-4881 be cancelled or modified once issued?
A: Form 440-4881 cannot be cancelled or modified without the consent of all parties involved, including the issuing bank, the beneficiary, and any confirming banks.
Q: Is Form 440-4881 only used for commercial transactions?
A: Form 440-4881 can be used for both commercial and non-commercial transactions, depending on the circumstances.
Form Details:
- Released on June 1, 2010;
- The latest edition provided by the Oregon Department of Consumer and Business Services;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of Form 440-4881 by clicking the link below or browse more documents and templates provided by the Oregon Department of Consumer and Business Services.
