Bank Letter

In: English and Literature

Submitted By skpavlick
Words 303
Pages 2
First Commerce Bank
1100 Commerce Street
Thibodaux, Louisiana 70301
985-449-9999

January 10, 2004

Jane Smith
333 Winding Road
Thibodaux, Louisiana 70301

RE: Property: Lot 3, Block 5, Magnolia Subdivision

Dear Customer:

Our records show that we have not received an adequate HAZARD/FIRE insurance policy covering the property location shown above.

In the mortgage documents you signed, you agreed to keep insurance on your property. Failure to do so is a breach of those requirements. PLEASE CONTACT YOUR AGENT OR COMPANY AND PURCHASE COVERAGE. Send it to us at the address shown below. Please be sure your policy includes a Mortgagee Clause or Lender Loss Payable Endorsement made out to: First Commerce Bank, 1100 Commerce Street, Thibodaux, Louisiana 70301.

If you do not give us proof within ninety days, we will obtain a one-year policy on your property. This premium will be added to your loan balance.

Any policy we purchase on your behalf may be canceled at any time by giving us proof of other insurance. You will then be charged for only the days that this policy was needed. Since the policy we may purchase will insure your property without inspection, the cost may be much higher than the amount you would normally pay. The coverage provided may be less than you had before.

Additionally, the policy we may purchase will insure our interest as mortgagee on your real property only. It does not protect your personal property, nor does it provide you with liability protection of any kind.

We thank you for your assistance. If you or your insurance agent have any questions, please contact us at 985-449-9999 or toll free at 1-800-888-0000. Someone in our mortgage department can assist you.

Sincerely,

Gwen Gravel
Collateral Department

Copy to: 455, New Orleans…...

Similar Documents

Banks

...What are Banks? Banks are the largest lending institutions through out the globe; the basic purpose of banks is to secure money of the people/organizations and to lend the money to the people/organizations as a creditor/lender. When they start returning money back to the bank either at once or in portions take interest on it. This interest is the prime source of the banks profit; interest is also known as “Usury”. The History of Banks The history of banks is old, but it is not exactly in that form which today we have, as we developed the way of banking and other related features are also changed. Initially people store money in the royal palaces and temples, at that time there were no concept of money they secure their grains and other commodities into it, the reason behind this they feel that these places are very secure and the chance of robbery or theft is very less as compare to secure in there own houses. Banking Today Today banks are playing very essential role in our country economy as well as in global economy; they are giving loans to the organization and individuals, trying to make humans life easier and developed. Without bank we cannot even think to live, for example how do you feel if someone says that I have one million or ten million dollar save in my cupboard locker, obviously you can laugh over the person wisdom? Now banks are providing greater facilities and constantly improving their standards day by day, Stronger security, locker facilities......

Words: 2772 - Pages: 12

Letter

...9-110-045 REV: MARCH 31, 2011 EUGENE SOLTES A Letter from Prison On February 14, 2008, Stephen Richards, inmate #71320-053 at Taft Federal Correctional Institution, completed a letter to Eugene Soltes, a student at the University of Chicago Booth School of Business. Richards was the former global head of sales at Computer Associates. Exhibit 1 provides the list of questions Soltes asked Richards. Exhibit 2 is a copy of the letter Soltes received in return. ________________________________________________________________________________________________________________ Professor Eugene Soltes prepared this case. HBS cases are developed solely as the basis for class discussion. Cases are not intended to serve as endorsements, sources of primary data, or illustrations of effective or ineffective management. Copyright © 2009, 2010, 2011 President and Fellows of Harvard College. To order copies or request permission to reproduce materials, call 1800-545-7685, write Harvard Business School Publishing, Boston, MA 02163, or go to www.hbsp.harvard.edu/educators. This publication may not be digitized, photocopied, or otherwise reproduced, posted, or transmitted, without the permission of Harvard Business School. Purchased by: CHUAN LAN llaass2@163.com on August 24, 2013 110-045 A Letter from Prison Computer Associates and Stephen Richards Computer Associates International, Inc. (CA) began as a four-person start-up in 1976. Its founder, Charles Wang, sought to...

Words: 3265 - Pages: 14

Bank

...from the bank. The financial institution promises to pay the exporting firm a specific amount on a specific date, at which time it recoups its money by debiting the importer’s account. A banker’s acceptance, or BA, works much like a post-dated check, which is simply an order for a bank to pay a specified party at a later date. The holder may choose to sell the BA for a discounted price on a secondary market, giving investors a relatively safe, short-term investment. BAs are frequently used in international trade because of advantages for both sides. Exporters often feel safer relying on payment from a reputable bank than a business with which it has little if any history. Once the bank verifies, or “accepts”, a time draft, it becomes a primary obligation of that institution. The importer may turn to a banker’s acceptance when it has trouble obtaining other forms of financing, or when a BA is the least expensive option. The advantage of borrowing is that it receives the goods and has the opportunity to resell them before making payment to the bank. Discounting the Acceptance To understand banker’s acceptances as an investment, it’s important to understand how businesses use them in global trade. Here’s one fairly typical example. An American company, Clear Signal Electronics, decides to purchase 100 televisions from Dresner Trading, a German exporter. After completing a trade agreement, Clear Signal approaches its bank for a letter of credit. This letter of......

Words: 1068 - Pages: 5

Letter

...compensation are tied to a benchmark, companies must disclose where actual payments and awards fall within the targeted range and, if applicable, the reason for any compensation amounts that fall outside the targeted range. 2.4 Disclosure of Performance Targets Companies must disclose company and individual performance targets for incentive compensation and the actual achievement level against the targets if they are material elements of the company’s compensation policies and decisions, unless the disclosure would result in competitive harm to the company. 6 EXECUTIVE COMPENSATION DISCLOSURE HANDBOOK Since adoption of the rules, the SEC has consistently focused on this disclosure requirement and to date has issued more comment letters to companies on this item of disclosure than any other. The SEC has also clarified that although the general rules regarding disclosure of non-GAAP financial measures (Regulation G) do not apply to disclosure regarding performance-related target levels, a company must disclose how the target levels are calculated from its audited financial statements. Š Threshold Question Is Materiality. A company must first determine whether performance targets are a material element of the company’s compensation policies and decisions. If performance targets are not material, then the company is not required to disclose them. Whether performance targets are material is a facts-and-circumstances test, which a company must evaluate in good faith. The......

Words: 158516 - Pages: 635

Bank

...Deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies; • Insurance companies and pension funds; • Brokers, underwriters and investment funds. Functions of a Financial Institution: The functions of Financial Institutions are: • Financial institutions provide service as intermediaries of the capital and debt markets. • They are responsible for transferring funds from investors to companies in need of those funds. • Financial institutions facilitate the flow of money through the economy. To do so, savings a risk brought to provide funds for loans. Such is the primary means for depository institutions to develop revenue. Should the yield curve become inverse, firms in this arena will offer additional fee-generating services including securities underwriting, and pre. Regulation Structures of Financial Institutions: Financial institutions in most countries operate in a heavily regulated environment as they are critical parts of countries' economies. Regulation structures differ in each country, but typically involve prudential regulation as well as consumer protection and market stability. Some countries have one consolidated agency that regulates all financial institutions while other have separate agencies for different types of institutions such as banks, insurance companies and brokers. Countries that have separate agencies......

Words: 15567 - Pages: 63

Case Study : a Letter to the Bank Manager

...MALAYSIA First Semester Session 2014/2015 INDIVIDUAL CASE STUDY : A Letter To The Bank Manager NAME : TAN KA YEN NO.MATRIK : 220325 INSTRUCTOR: MUNIRAH BINTI KHAMARUDDIN Case Study (Chapter 1, page 17) Question 1 What are the real problems that the customer is highlighting? Firstly, the problem that customer highlighting is automatic debiting the customer account by way of penalty. This action cause the customer has to rethink his errant financial way. The bank should having a notice or inform to their customers before debiting any penalty. This may cause many of customers that face the financial problem to fall into difficulty. Besides, the customer notices he cannot contact to employee over the time. The customers are confronted by the impersonal ever-changing, pre-recorded, faceless entity which the bank has become. The customers want to deal with a flesh and blood person but not the automated voice phone system. This impersonal conversation will make customer loss of confident about what the customer inquire. Moreover, customer will get charge for the advertising material sent by bank. It charges for $2.00 per page customer read. For the bank nominated contact, that will be billed at $5 per minute. Bank should be let the customer know early for the reading fees or ask for customer permission whether having interest about the advertising material. If not, bank should not send to them. This may causes the customer read on it......

Words: 1523 - Pages: 7

Letter

...Alexus Harris January 26, 2010 History 114 2:00 - 2:30 p.m Willie Lynch Letter: The Making of a Slave In the first paragraph of the Willie Lynch Letter introduction, he started thanking the men of the colony of Virginia for inviting him to the bank of the James River. Mr. Lynch was making the men of the plantation think that, installing the chip into the slaves will make everything run easily. He also stated that if the chip were implant into the minds of slaves, Ancient Rome would envy us as black people. Personally, I think the only reason that the Ancient Rome will envy us as slaves, because we let a method of the chip control our mind, body, soul, values, and beliefs. Mr. Lynch also stated that negative differences are better then positive differences. Just think about it. Why? Would Distrust be better then Trust, this is setting our slaves up to be lynch in my eyes. As a slave, you want freedom so; you are going to want your master to trust you so that you can escape. Mr. Lynch finally, said that over time if you constantly used the method for one year, then slaves will already no what they are expecting to perform. In the paragraph “Let’s Make a Slave,” it was focusing on the process of man breaking and slave making. This means that installing the chip into our black men will allow them to become more of a servant that helps the white man lynch other slaves. It also focused on human nature, and slave nature. Human......

Words: 1221 - Pages: 5

Bank

...for knowing about the performance of a bank.. Nowadays Banking companies are in a competitive market. They are choosing the differentiation strategy to be a market leader because cost leadership is not a good tool for competition due to oligopolistic market. By analyzing bank information system, this paper investigates the service quality perceptions of bank account holders. This paper also examine the relationship between relative importance allocated by respondents to each of the five SERVQUAL dimensions as measured by the points allocated to that dimensions the ratings provided for the individual items of the dimension.  In the SERVQUAL questionnaire there are 22 questions from five different dimensions. These are Tangibles, Reliability, Responsiveness, Assurance and Empathy. These questions measure the gap between employees’ expectations and perceptions .After conducting the survey I have found some values. I have made an analysis with these values. I have calculated the weighted average scores of these values from the perspective of these branches. Then it has been seen that the gap between the employees’ expectations and perceptions about the services is lower for the customers. In my report I got reliability, responsibility and assurance is very much valuable to customers compare to others. Company Profile COMPANY BACKGROUND   Dutch-Bangla Bank Limited (the Bank) is a scheduled commercial bank. The Bank was established under the Bank Companies Act 1991 and incorporated......

Words: 48046 - Pages: 193

Bank

...integral part of BBA degree requirement, I was sent to IFIC bank, Lalmatia Brunch to take real life exposure of the activities of financial institution from 01, June 2014. 1.2 Background of the Study: Modern banks play an important part in promoting economic development of a country. Banks provide necessary funds for executing various programs underway in the process of economic development. Economy of Bangladesh is in the group of world’s most underdeveloped economies. One of the reasons may be its underdeveloped banking system. Government as well as different international organizations have also identified that underdeveloped banking system causes some obstacles to the process of economic development. So they have highly recommended for reforming financial sector. Since 1990, Bangladesh Government has taken a lot of financial sector reform measurements for making financial sector as well as banking sector more transparent, and formulation and implementations of these reform activities has also been participated by different international organization like World Bank, IMF etc. I was placed in IFIC Bank Limited, for 12 weeks long Internship Program to acquire practical knowledge. This is an orientation to the entire banking procedures of IFIC Bank Limited and finally a study on a particular area. 1.3: Objective of the Study: The primary objective of this report is to comply with the requirement of the IFIC Bank Ltd. However, the objective behind this study is......

Words: 5565 - Pages: 23

Bank Letter

...have recently decided to invest in my own business and have finally decided that I will buy an established business. I personally believe an established business would be the best thing for me to invest in. An existing business is an alternative to starting a business from scratch. It is a business which has been operating for three to five years. There are many advantages and disadvantages and have I have considered all other options and believe this is the best. There are many positives to buying an established business such as you will already have a strong customer base, which will support you and help you as you make your changes to the business. This makes buying an established business a less risky venture and survival will be guaranteed. As a new owner of an established business you will already have well known established Suppliers and a license in place. One of the main reasons people buy an established business is that you will not have to pay out to buy equipment as it already comes installed with all the fixtures and fittings. Sometimes the seller may offer to work with you for a period of time which will help you as you get used to and acquainted with the business. However this there are also some disadvantages to this such as you will never know if you are buying into a business which is already at the end of the life or they may be flaws within the business which is why the seller is selling the business. Another disadvantage would be that customers may not......

Words: 669 - Pages: 3

Bank

...INTERNSHIP REPORT ON GENERAL BANKING ACTIVITIES OF PUBALI BANK LIMITED: A STUDY ON SADARGHAT BRANCH, DHAKA Prepared for Mr.Sheikh Md. Abdur Rahim Assistant Professor and Head Department of Real Estate and Department of Commerce Faculty of Business and Economics Daffodil International University Prepared by Rajib Dutta ID No.: 102-11-1571 th BBA 26 Batch(Major: HRM) Faculty of Business & Economics Daffodil International University Date of Submission: 7 December 2014 LETTER OF TRANSMITTAL 7 December 2014 Mr.Sheikh Md. Abdur Rahim Assistant Professor and Head Department of Real Estate and Department of Commerce Faculty of Business and Economics Daffodil International University Subject: Submission of the internship report. Dear Sir, It is my great pleasure to submit the Internship report entitled “General Banking Activities of Pubali Bank Limited: A Study on Sadarghat Branch,Dhaka’’. As per requirement of BBA, I have completed the Internship in Pubali Bank Limited. I have tried to exert all the knowledge that I gathered through my working with this branch of PBL. Working for three months (6th august to 6th November) in the Pubali Bank Limited, Sadarghat Branch helped me to fulfill the requirements of obtaining practical learning and subsequently prepare of this report. My internship in Pubali Bank Limited was a worthwhile experience and the exposure of such an organization would be valuable for me. Before facing the real business world...

Words: 8943 - Pages: 36

Bank

...Internship Report On Janata Bank Limited and Its General Banking Activities Internship Report On Janata Bank Limited and Its General Banking Activities Supervised by: Niluthpaul Sarker Assistant Professor Department of Accounting and Information systems Jagannath University Prepared by: Akash Kumar Ghosh ID: 114599(BBA) 6th Batch Department of Accounting and Information systems Jagannath University Date of Submission: 5th November, 2015 Letter of Transmittal Date: November 05, 2015 Niluthpaul Sarker Assistant Professor Department of Accounting and Information Systems Jagannath University Subject: Submission of internship report. Dear Sir, I would like to inform you that I have completed my internship report on the topic“General banking activities of Janata bank Ltd” of Bangladesh. I have completed my internship attachment period with Janata Bank Ltd. Preparing this report, I have collected information from all available sources in the most realistic and professional way. In writing this report, I have followed the instructions of my organization while at the same time consulting my institute supervisor. I have endeavored to the utmost potential and limited constraints to project the report as reflective as possible. I earnestly hope that this report will meet your specification would be delighted to furnish you with any clarification if required. Thanks and Regards Yours......

Words: 10042 - Pages: 41

A Letter to the Bank Manager

...Sales expenses | Wages | Purchase | Sales | Month 2015 | 2500 | 10500 | 90,000 | 100,000 | Feb | 2600 | 11000 | 100,000 | 110,000 | March | 2000 | 7000 | 110,000 | 60,000 | April | 3000 | 10500 | 115,000 | 120,000 | May | 2200 | 8500 | 90,000 | 80,000 | June | From the following data forecast for cash position at the end of April, May and June 2014 Further information 1- Sales at 10% in the month of sales, balance equally realized in the 2 subsequent month 2- Purchases : creditors are paid in the month following the month of supply 3- Wages : 20% paid in arrears in the following month 4- Sales expenses paid in the month itself 5- Income tax 30,000 payable in June 6- Dividend 12,000 payable in june 7- Income from investment 5,000 received half yearly in March and Sept 8- Cash Balance on Hand as of 1-4-15 is 50,000 Answer : Particular | Feb | March | April | May | June | Opening cash balance | | | 50,000 | 40700 | 6400 | + receive of cash (a)(inflow)*please see below the table the working note | | | | | | | | | 6000 | 12000 | 8000 | Sales | | | 94500 | 76500 | 81000 | Total Received | | | 150500 | 129200 | 95400 | | | | | | | | | | | | | * Payments (b) | | | | | | Creditors for purchase | | | 100,000 | 110,000 | 115000 | Wages 80% current | | | 5600 | 8400 | 6800 | Wages 20% arrears | | | 2200 | 1400 | 2100 | | | | | | | Sale expenses | | | 2000...

Words: 292 - Pages: 2

A Letter to the Bank Manager

...customer highlighting is automatic debiting the customer account by way of penalty. This action cause the customer has to rethink his errant financial way. The bank should having a notice or inform to their customers before debiting any penalty. This may cause many of customers that face the financial problem to fall into difficulty. Besides, the customer notices he cannot contact to employee over the time. The customers are confronted by the impersonal ever-changing, pre-recorded, faceless entity which the bank has become. The customers want to deal with a flesh and blood person but not the automated voice phone system. This impersonal conversation will make customer loss of confident about what the customer inquire. Moreover, customer will get charge for the advertising material sent by bank. It charges for $2.00 per page customer read. For the bank nominated contact, that will be billed at $5 per minute. Bank should be let the customer know early for the reading fees or ask for customer permission whether having interest about the advertising material. If not, bank should not send to them. This may causes the customer read on it unconsciously. To helping the customer, customer service should not be charge. Lastly, the problem is the automated voice phone system of the bank. The customer contact to the bank need to go through very long time system and it need to charges. They need pressing buttons on the phone, customer will be guided through an extensive set of......

Words: 286 - Pages: 2

Bank

...Departments In A Bank As soon as it becomes necessary, on account of volume of business, to divide the work in a bank into divisions, each employing a group of clerks, such division is organized into a department having a department head who is usually a teller, a head bookkeeper, or perhaps a junior officer. In the very large banks the executive staff is itself organized into groups, and there may be a vice - president and one or two assistant cashiers in charge of each important department. The work of a department in a large bank is nothing more nor less than the work of a single man in a small bank, apportioned among several men. For example, the receiving teller in a five-man bank will take the deposit, count the cash, examine the checks, assort them as to place payable, enter them upon the proper records and make a settlement or proof at the end of the day. In a large bank each of these operations is performed by a different man or group of clerks under the direction of the receiving teller, who is head of the department. It may be that he himself will do very little if any of the detail work. He becomes the manager. Frequently we find a department within a department, as for example, the money department within the paying teller's department. The ordinary departments, classified as to group, may be described as follows: Paying Teller's Department (Teller): Pays or certifies checks. In charge of the signature book or cards bearing the authorized signatures of all......

Words: 767 - Pages: 4

MEJOR PELÍCULA DE GUERRA ESTRENO 2018 COMPLETA EN ESPAÑOL | 한국드라마완결 | Code:Realize - Sousei no Himegimi