Sample Bank Letter of Credit to be brought to the auction site by buyer!
(On Bank Letterhead)
Date of Auction
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Addressed to: |
Richard Basinger Auctioneers Ltd. Cortland, OH 44410 |
To Whom It May Concern:
This letter will introduce (insert your name) who is a valued customer of this bank. This bank will guarantee any checks drawn on this bank written by (insert your name) which are made payable to the Richard Basinger Auctioneers Ltd., and is good for a period of twenty days from date of auction on (insert auction date) and for any amount up to (insert dollar amount).
The letter should state that this letter covers the purchases of items from (name of auction).
Sincerely,
President, Vice President,
Or Loan Officer
(present this letter of credit at auction registration desk)