What is Letter of Waiver in case of banks or any other loans?



What is Letter of Waiver in case of banks or any other loans?

What is Letter of Waiver in case of banks or any other loans?
Rate these answers

One Reply to “What is Letter of Waiver in case of banks or any other loans?”

  1. Take a look at your loan agreement or bank agreement this letter is waiving a section that is likely in default. Without further details, I cannot tell you anything more specific. Here is an example, You must provide financial statement on a monthly basis. You did not provide the financial statement for one month. This is technically a default under the loan agreement. The bank unilaterally can waive it via a letter. If they do not waive it, then they can call a default and look to their rights and remedies under this agreement.





Leave a Reply

Your email address will not be published. Required fields are marked *