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Grant approval for credit
Tips: This letter is a pleasant one to receive, and may be used as an opportunity to foster a business relationship, as well as to announce the credit approval. Remember that the law treats consumer and commercial credit differently. Make sure any credit approval complies with applicable state and federal laws. Consumer credit, in particular, requires a variety of disclosures that are beyond the scope of this program. In cases where such disclosures are required, the letter you write would be only a cover letter discussing the general terms of the loan and referring to attached disclosure forms.
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