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The Authorization Letter To Conduct Credit Investigation is a fundamental document in Philippine financial transactions, typically required when individuals apply for loans, credit cards, or other financial products. This document enables financial institutions to assess an applicant's creditworthiness by examining their financial history, current obligations, and payment behavior. Under Philippine law, particularly the Credit Information System Act and Data Privacy Act, such investigations require explicit written consent from the subject. The letter typically includes specific permissions for accessing credit records, bank references, and other financial information, while also incorporating necessary data privacy provisions and compliance with BSP regulations. It serves as a crucial tool in risk assessment and responsible lending practices within the Philippine financial sector.

1. Date and Place: Current date and location where the letter is being executed

2. Recipient Details: Complete name and address of the bank/financial institution authorized to conduct the investigation

3. Subject Line: Clear indication that this is an Authorization Letter for Credit Investigation

4. Authorizing Party Details: Complete name, address, and identification details of the person giving authorization

5. Authorization Statement: Clear and explicit statement granting permission to conduct credit investigation

6. Scope of Authorization: Specific details about what kind of information can be investigated and collected

7. Duration of Authority: Validity period of the authorization

8. Data Privacy Acknowledgment: Statement acknowledging understanding of data privacy rights under RA 10173

9. Signature Block: Space for signature, printed name, and date of signing