Credit Authorization Form

A credit authorization form is used for approve the credit limit or financial assistance. Contents of this form are name of credit taker, nature and purpose of credit and also define securities against credit. This form is written by credit taker. He submits it to credit authorization authority. Form should fulfill the requirements of credit. A person should be capable of taking credit and must need to fulfill the require information. Issuance of credit depends upon status of credit authorization form. In order to make this form effective all requirements and supporting documents should attach with it. Also specially highlight the securities, warranties and guarantees in it.

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