can anyone other than a bank issue a letter of credit?

say a local business issuing on for another business.

(letter of credit instead of getting bonded)

Dolfanator2013-03-06T15:05:26Z

Favorite Answer

Anyone can issue a letter of credit - however, there may be credibility issues if say your brother issues a letter of credit vs. Chase Bank issuing it.

10

Calvin C2013-03-07T01:09:37Z

any licensed lender can do it but that is irrevelant the person requesting the letter is in control not you and if they say bond you will get a bond only issued by insurance company or not do business with them

00

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