Loan Application Approved Letter

April 19, 2000

SPS Amelito Calimbas & Lenita Calimbas
Address: Blk. 12, lot 2 Reina Subd. Pampanga

Dear Sps. Gonzales:

Your application with us has been given favorable consideration subject to the following terms and conditions:

1.    Loan Amount : Php 850,000.0
2.    Term : Ten (10) years
3.    Interest Rate : 5.88% for the 1st year (valid for 1 month from date of approval); annual repricing thereafter based on PDSTF +6% or Overnight Lending Rate +6%, whichever is higher
4.    Repayment : Equal monthly amortization of principal and interest to start one month after full release of loan.
5.    Purpose: Construction
6.    Construction Period : One (1) Year only
7.    Collateral : To be registered First Real Estate Mortgage on TCT. No 014527861 particularly Lot 10, Blk 3 Road Villa Lina Subd. Angeles, Pampanga
8.    You shall execute at our office the following documents.
a.    Promissory Note (Construction)
b.    Disclosure Statement
c.    Loan and Mortgage Agreement
d.    Loan Schedule to the Loan and Mortgage Agreement
e.    Statement of Loan Releases
f.    Application for MRI and Fire Insurance

9.    Prior to loan annotation/release, you shall submit to Far West Bank the following documents with reference to the property offered as collateral:

a.    Owner’s Duplicate Copy of TCT under the name of Amelito Cruz Calimbas and Lenita Herrera Calimbas, (original)
b.    Original or Certified True Copy of Real Property Tax Declaration for land under borrowers’ name
c.    Updated Real Property Tax Receipt;
d.    Real Property Tax Clearance (origina).

10.    Borrower shall periodically submit the Real Estate Tax Receipts (RETR) showing payment of realty taxes on the title/s offered as collateral to the loan for the current year in full.  The latter shall be submitted to the Bank on or before March 31st of each corresponding year for as long as the loan is outstanding.

11.    Schedule of Releases

0% – 0
30% – 200,000.00
60% – 300,000.00
90% – 200,000.00
100% – 150,000.00

Staggered releases are further subject to:
–    Compliance to required percentage of construction completion for the staggered loan releases;
–    Procurement of Contractor’s All Risk (CAR) on the 2nd release of loan;
–    Procurement of Fire Insurance on the latest release;
–    Inspection fees to be paid by the client prior to the succeeding releases;
–    Payment of accrued interest every month to start one (1) month after the 1st loan release.  For your convenience, you have the option to have this debited from your account by accomplishing an Authority to Debit (ADA) from covering the monthly amortization, the accrued interest and other charges.

12.    Miscellaneous expenses should be paid before the release of the loan.

a.    Application and Processing Fee – Php 3,000.00
b.    Appraisal Fee – paid already
c.    Doc. Stamp (PN) – Php 4,250.00
d.    MRI Annual Premium – Php 4,250.00
e.    Registration Fees – Php 15,076.28
f.    Notarial Fee (Undertaking) – Php 500.00
g.    Contractor’s All Risk – Php 1,864.35
h.    Fire Insurance – to be billed later
i.    Inspection Fees – to be billed later

Total ————— Php 28,940.63

13.    Expected Monthly Amortization (inclusive of advance insurance premium) is computed as follows:

Loan Amount of Php 850,000.00, 10 years @ 5.88% for the 1st year Php 9,385.00
Insurance Premiums : MRI of Php 4,250 / 12 months Php 355.00
Fire Insurance – to be billed later
Total —- Php 9,740.60

–    For insurance renewals (2nd year and onwards), the annual premium payments shall be collected in advance from the borrower on monthly basis together with the loan amortization.  The advance collection of the insurance premium shall begin immediately on the first month of the repayment period.
–    Please note that the monthly amortization would determined upon actual release of loan proceeds. MRI premium is based on standard rate quotation and are also subject to final approval upon release of loan.
–    Since your loan is being released on a staggered basis, the payment of monthly accrued interest shall commence one (1) month after the first release until full release has been made  One month after final release of the loan proceeds, the payment of the monthly amortization of principal and interest shall begin.

14.    Subsequently, you can open a settlement account with Far West Bank and submit an authority to debit covering the monthly amortization and advance insurance payment for the following year.

For account opening, you are required to submit the following at any FWBC branch
–    Loan approval letter and or endorsement letter
–    One (1) valid (government issued) photo bearing ID
One (1) 1×1 or 2×2 ID picture

•    Please note that this settlement account is a non-interest bearing deposit and requires no minimum initial deposit and maintaining balance.

15.    Subsequently, you can also choose to endorse your current life and or fire insurance provided however that:

–    It is from an insurance company accredited with Far West Bank;
–    For life insurance, the principal amount of coverage is equal to your approved loan amount;
–    For fire insurance, the amount of coverage is equal to the value of improvement appraised by the bank;
–    You shall submit the original copy of the insurance policies along with the endorsement letter (indicating EWBC as the mortgagee) and original or certified true copy of the updated insurance premium payment;
–    For succeeding years, failure to submit insurance policy renewals shall give the bank the right to procure from its accredited insurance provider the necessary coverages.

16.    Early pay-off (closure) of loan is subject to 3% processing fee based on outstanding loan balance.
17.    Bank guarantee issued to the seller / developer (if applicable), is unenforceable unless the following have a favorable result:
–    Title verification report (TVR)
–    Mortgage Redemption Insurance (MRI)

18.    Collateral offered is subject to favorable title verification.
19.    Aside from collateral requirements, you are further required to submit the following:
–    One (1) valid (government issued) photo bearing ID0 for both spouses
–    Clearance certificate of subdivision association dues
–    Updated ITR yr. 2010 and 2011 for both spouses
–    Notarized affidavit to mortgage family home
–    Building permit

If, for any reason, the mortgage cannot be annotated/registered, we shall return all submitted documents and refundable fees upon your demand and presentation of the original copy of our Official Receipt of Payment.

This approval is valid only for 90 days from date of approval

Should the above terms and conditions be acceptable to you, please indicate your conformity by signing on all pages and return to us our conformed copy.

The Bank reserves the right to amend any of the aforementioned stipulation or to cancel this approval upon due notice to you, should there be supervening circumstances which we believe will warrant such changes or cancellations.

Thank you for giving us the opportunity to be of service to you.

Very truly yours,

Far West Banking Corp.

Emardo M. Garcia
Head

Conforme:

SPS Amelito Calimbas & Lenita Calimbas
Borrower(s) / Mortgagor(s)

Hospital Bill Collection Letter

April 7, 2003

Mr. Joseph L. Sandoval
Santa Clara Subd.
Orani, Bataan

Dear Mr. Sandoval:

Good day!

You currently have a balance of Php15,265.00 according to the record of Accounting Department of San Diego General Hospital.  Our policy requires that all balances by paid in full within forty five (45) days of treatment.  Please remit payment for the balance due on your account.

We understand that our patients is facing financial difficulties but it is your obligation to let us know so that we can help assist you and make a credit adjustment in making budget payment arrangements.

If you would like to discuss your account, please do not hesitate to keep in touch with us.  Our office is open daily between 7 am to 6 pm.

We look forward for your response within 15 days of this letter.  I hope for your prompt attention regarding this matter.

Sincerely yours,

Reina D. Vivar
Account Manager

Bank Credit Request Letter

July 13, 1993

Mr. Delfin Pascual
Manager
Unity Bank
Balanga City, Bataan

Dear Mr. Pascual,

We are pleased to state that our toy factory has increased considerably in recent months.  Now, it has become necessary to enlarge production capacity but we are not in a position to finance this with our present resources alone.

We would therefore request you to allow us credit to the extent of 60% of the present value of our assets.

We look forward to your positive reply.  Also let us know your service charges in this regard.

Thank you.

Very truly yours,

Andy Woo
Manager, Toy Express Collection

Extension of Time Credit Letter

January 15, 1990

Ms. Eliza Topper
Fundline Inc.
Dinalupihan, Bataan

Dear Ms. Topper:

Thanks for your letter and the enclosed statement of Account.  However, we regret this time because still our financial position has not improved sufficiently. Therefore, I request you to be good enough to allow me some extra time to pay the bill.

We are confident that we are able to pay bill in full within 10 to 15 days.

I hope for your kind consideration.

Thank you very much.

Sincerely yours,

Eleazar Co

Denied Credit Letter Sample

August 25, 2004

RBC Bureau Council
San Fernando, Pampanga

To Whom It May Concern:

I was recently learned that I was denied credit within 30 days by ABC Credit Corporation based on credit report obtained from your company.  Please send me a copy of my credit report as soon as possible.

Elena Mercado Cortez
#143 Santa Ana Subd.
Calaylayan, Abucay
SS# 000278391
April 11, 1969
Cel phone # 09094579090

I have enclosed the copies of my driver’s license and voter’s identification card.

Sincerely,

Elena M. Cortez

Credit Report Request Letter

April 3, 2008

Experian or Trans Union
P.O. Box 105496
Atlanta, GA 30348-5496
To Whom It May Concern:

I would like to request a copy of my credit report. The following are some of my personal information

Fullname : Marietta Lozano Pineda
Birthdate: August 25, 1967
Social Security Number: 145-15-3891
Home Phone Number: (047) 461-4042
Current Address: 56 Main Street, Apt. 5, Atlanta GA 15421

According to Fair Credit Reporting Act, I am entitled to a free copy of my credit report since I am currently unemployed.

Sincerely,

(sign)
Marietta L. Pineda

Reminder Letter – Balance

November 12, 1997

Mrs. Vangie N. Bernales
Talipapa, Capitangan
Abucay, Bataan

Dear Mrs. Bernales:

We have a balance against you on our books for the sum of Php 5,800.  In as much as it has always been your custom to remit promptly, we feel that the matter has either been merely overlooked or that there is some error in our books.

With the supposition that such an error may possibly exist, we are sending you a duplicate invoice for your assistance in checking up the matter.

As our accounts show the amount as unpaid, please let us know if there is any error, and we will be glad to correct it.

Very truly yours,

Jannet B. Pineda

Credit Letter Sample

April 20, 1996

Bodjong Pascual
Green Apple Incorporated
Balanga City, Bataan

Dear Mr. Pascual:

The ABC Company has just purchased Merriam Bookstore.  We are writing to you, because we should like to continue the open account which the Merriam Bookstore enjoyed with you.

We are enclosing a Balance Sheet of our company in order that you may better judge the maximum amount of credit you can extend to us.

Should you desire references, please write or call the Banco de Oro, where we maintain our deposits; the Vetafs Trading and  Buttermilk Inc. with whom we have had extensive credit accounts.

We are confident of our ability to meet our accounts as they fall due, and we anticipate a good business relation with you.  We shall appreciate your letting us know by return mail whether you could extend credit to us, so that we may send you our order for textbooks and other school supplies which we need at once.

Sincerely yours,

Romeo M. Tigas