Form CF-2 Commercial Facility Irrevocable Standby Letter of Credit - Texas

Form CF-2 Commercial Facility Irrevocable Standby Letter of Credit - Texas

What Is Form CF-2?

This is a legal form that was released by the Railroad Commission of Texas - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form CF-2?
A: Form CF-2 is a document called the Commercial Facility Irrevocable Standby Letter of Credit.

Q: What is a Commercial Facility Irrevocable Standby Letter of Credit?
A: A Commercial Facility Irrevocable Standby Letter of Credit is a type of financial guarantee used in commercial transactions.

Q: What is the purpose of Form CF-2?
A: Form CF-2 is used to establish a standby letter of credit for a commercial facility.

Q: What is a standby letter of credit?
A: A standby letter of credit is a guarantee issued by a bank on behalf of a client to ensure payment or performance in case of default.

Q: Who uses Form CF-2?
A: Form CF-2 is typically used by commercial entities in the state of Texas.

Q: What does 'irrevocable' mean in the context of Form CF-2?
A: 'Irrevocable' means that the letter of credit cannot be changed or cancelled without the consent of all parties involved.

Q: What does 'commercial facility' refer to in Form CF-2?
A: 'Commercial facility' refers to the business establishment or premises for which the standby letter of credit is being issued.

Q: Is Form CF-2 specific to Texas?
A: Yes, Form CF-2 is specific to commercial facilities in the state of Texas.

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Form Details:

  • Released on April 1, 2014;
  • The latest edition provided by the Railroad Commission of Texas;
  • 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 fillable version of Form CF-2 by clicking the link below or browse more documents and templates provided by the Railroad Commission of Texas.

Download Form CF-2 Commercial Facility Irrevocable Standby Letter of Credit - Texas

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