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Denial Letter Template
Need a Denial Letter Template for our Singapore-based fintech company to reject loan applications, ensuring compliance with MAS regulations and including clear appeal procedures for unsuccessful applicants.
1. Recipient Information: Full name, address, and reference numbers of the recipient
2. Date: Date of the denial letter
3. Subject Line: Clear indication of what is being denied
4. Reason for Denial: Clear explanation of the grounds for denial with reference to relevant laws or regulations
5. Next Steps: Information about appeal rights or alternative options available to the recipient
6. Closing: Professional closing with contact information for further queries
1. Alternative Solutions: Optional section providing alternative options or suggestions when applicable
2. Appeal Process Details: Detailed explanation of appeal procedures when appeal rights exist
3. Documentation Return Instructions: Instructions for return of submitted documents when physical documents were provided
1. Appeal Form: Standard form for filing appeals if applicable
2. Supporting Documentation: Copies of relevant policies or regulations cited in the denial
3. Document Return List: Itemized list of original documents being returned to the recipient
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