Proper documentation is essential for the enforcement of the lease contract.  Exceptions to the guidelines should be few and only in such cases where it is determined that the risk is nominal.

General Guidelines

• Credit approvals are valid for 60 days.  If documentation for funding is received after 60 days from the date approval, credit must be re-approved

• All documents must have original signatures.  There cannot be any "whites-outs or cross-outs" on the lease document.

• An administrative/documentation fee will be collected for the broker/lessor.

The Lease/Equipment Finance Contract (EFC) Package

All transactions require the following original documents: 

• Lease/EFC Agreement
• Deliver and Acceptance Receipt
• Advance Rental Check (Copy acceptable)
• Vendor Invoice

The Lease/EFC Agreement

Delivery and Acceptance Receipt

Advance Rental Check

Vendor Invoice

Authorization of Lease Signors

Other Documentation Requirements