Form 4400-187 Irrevocable Letter of Credit for Corrective Action - Wisconsin

What Is Form 4400-187?

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

FAQ

Q: What is Form 4400-187?
A: Form 4400-187 is an Irrevocable Letter of Credit for Corrective Action specific to Wisconsin.

Q: What is an Irrevocable Letter of Credit?
A: An Irrevocable Letter of Credit is a financial instrument issued by a bank to guarantee payment to a beneficiary upon presentation of specified documents.

Q: When is Form 4400-187 used?
A: Form 4400-187 is used when a company needs to provide a guarantee for corrective action in Wisconsin.

Q: What does Corrective Action refer to?
A: Corrective Action refers to the steps taken to address and rectify any issues or violations identified by regulatory authorities or governing bodies.

Q: Why is an Irrevocable Letter of Credit required for Corrective Action?
A: An Irrevocable Letter of Credit is required to provide assurance that the necessary funds will be available to cover the costs of corrective action in case the company fails to fulfill its obligations.

Q: Who is responsible for issuing Form 4400-187?
A: The company undertaking the corrective action is responsible for requesting the issuance of Form 4400-187 from their bank.

Q: Are there any specific requirements for Form 4400-187 in Wisconsin?
A: Yes, the specific requirements for Form 4400-187 may vary depending on the specific regulations and guidelines set by the Wisconsin regulatory authorities.

Q: Can Form 4400-187 be modified or canceled?
A: Any modifications or cancellations of Form 4400-187 would require the mutual agreement of all parties involved and may have legal implications.

Q: How long is Form 4400-187 valid for?
A: The validity period of Form 4400-187 is typically specified in the document itself and may vary depending on the requirements set by the regulatory authorities in Wisconsin.

Q: Can Form 4400-187 be used in other states?
A: Form 4400-187 is specific to Wisconsin and may not be applicable or recognized in other states. It is important to consult the relevant authorities or legal experts for the specific requirements of each state.