Form OCRP-43 (803) "Home Service Contract Provider Line of Credit Form" - Virginia

What Is Form OCRP-43 (803)?

This is a legal form that was released by the Virginia Department of Agriculture and Consumer Services - a government authority operating within Virginia. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on April 1, 2019;
  • The latest edition provided by the Virginia Department of Agriculture and Consumer Services;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;

Download a fillable version of Form OCRP-43 (803) by clicking the link below or browse more documents and templates provided by the Virginia Department of Agriculture and Consumer Services.

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Download Form OCRP-43 (803) "Home Service Contract Provider Line of Credit Form" - Virginia

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VIRGINIA DEPARTMENT OF AGRICULTURE AND CONSUMER SERVICES
OFFICE OF CHARITABLE AND REGULATORY PROGRAMS
PO Box 1163 • Richmond, VA 23218
www.vdacs.virginia.gov • ocrpregulatory@vdacs.virginia.gov
(804) 786-0321 •
OCRP-43 04/19
IRREVOCABLE LETTER OF CREDIT
HOME SERVICE CONTRACT PROVIDER
Issued by (Bank Name & Address):
Letter of Credit Number:
Date
Amount:
Applicant (Home Service Contract Provider/
Beneficiary
Obliger Name & Address)
Commonwealth of Virginia
Commissioner, Virginia Department of Agriculture
and Consumer Services, or Director, Division of
Consumer Protection, 102 Governor Street, Richmond,
VA 23219
Ladies and Gentlemen:
We hereby issue our irrevocable letter of credit number
in your favor for the account
of
(Applicant
Name and Street Address) for a sum not exceeding $
, (Amount in Figures)
(Name
(Amount in Words) THOUSAND DOLLARS, available by your sight drafts on
(City), _________ (State).
Issuing Bank),
Accompanied by the following document:
Affidavit sworn to and signed by the Commissioner of the Virginia Department of Agriculture and
Consumer Services, or Director, Division of Consumer Protection of the Virginia Department of
Agriculture and Consumer Services, stating that
(Applicant)
has not satisfactorily performed its obligations under the Virginia Home Service Contract Act, §59.1-434.1,
et seq., Code of Virginia, or has not provided an acceptable substitute letter of credit or bond to guarantee
its obligations during the term of credit.
Each draft under this credit must be marked “Drawn Under
(Name
“and be accompanied by the original
of Issuing Bank) Virginia Letter of Credit number
Letter of Credit.
OCRP 43
1
VIRGINIA DEPARTMENT OF AGRICULTURE AND CONSUMER SERVICES
OFFICE OF CHARITABLE AND REGULATORY PROGRAMS
PO Box 1163 • Richmond, VA 23218
www.vdacs.virginia.gov • ocrpregulatory@vdacs.virginia.gov
(804) 786-0321 •
OCRP-43 04/19
IRREVOCABLE LETTER OF CREDIT
HOME SERVICE CONTRACT PROVIDER
Issued by (Bank Name & Address):
Letter of Credit Number:
Date
Amount:
Applicant (Home Service Contract Provider/
Beneficiary
Obliger Name & Address)
Commonwealth of Virginia
Commissioner, Virginia Department of Agriculture
and Consumer Services, or Director, Division of
Consumer Protection, 102 Governor Street, Richmond,
VA 23219
Ladies and Gentlemen:
We hereby issue our irrevocable letter of credit number
in your favor for the account
of
(Applicant
Name and Street Address) for a sum not exceeding $
, (Amount in Figures)
(Name
(Amount in Words) THOUSAND DOLLARS, available by your sight drafts on
(City), _________ (State).
Issuing Bank),
Accompanied by the following document:
Affidavit sworn to and signed by the Commissioner of the Virginia Department of Agriculture and
Consumer Services, or Director, Division of Consumer Protection of the Virginia Department of
Agriculture and Consumer Services, stating that
(Applicant)
has not satisfactorily performed its obligations under the Virginia Home Service Contract Act, §59.1-434.1,
et seq., Code of Virginia, or has not provided an acceptable substitute letter of credit or bond to guarantee
its obligations during the term of credit.
Each draft under this credit must be marked “Drawn Under
(Name
“and be accompanied by the original
of Issuing Bank) Virginia Letter of Credit number
Letter of Credit.
OCRP 43
1
IRREVOCABLE LETTER OF CREDIT
11/17
Home Service Contract Provider – Page 2
This letter of credit shall be valid for a period of one year from the date hereof and shall automatically renew from year to
year thereafter unless
(issuing bank) shall give sixty
days prior written notice by delivery to the Commissioner, Oliver Hill Building, 102 Governor Street, Richmond, VA 23219,
of its intent to terminate same at the expiration of said one year period.
We hereby engage with you that all drafts drawn under and in compliance with the terms of this credit shall be duly
honored upon presentation and delivery at this office within the validity of the credit.
This irrevocable letter of credit sets forth in full the terms of our undertaking. This undertaking shall not in any way be
modified, amended or amplified by reference to any documents or contracts referred to herein.
Name of Issuing Bank
Authorized Signature
Print Name
Title
OCRP 43
2
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