Tenants may also want to extend the lease. In either case, a lease extension letter should be written to formally request an extension on the lease. The landlord may use this letter to raise the rent or add new terms to the lease, and the tenant may use the letter to request repairs or other considerations.
Although few depositors realize it, legally the bank owns the depositorâs funds as soon as they are put in the bank. Our money becomes the bankâs, and we become unsecured creditors holding IOUs or promises to pay.
FDIC insurance is backed by the full faith and credit of the United States government. Since the FDIC was established in 1933, no depositor has ever lost a single penny of FDIC-insured funds.Beginning January 1, 2010, JPMorgan Chase Bank, N.A. will no longer participate in the (FDICâs) Transaction Account Guarantee Program.owever, these accounts will be insured up to $250,000 per depositor under the FDICâs general deposit rulesâ¦. There is also a link on Citibanksâs website as well. Note: Beginning January 1, 2010, Citibank will no longer participate in the FDICâs Transaction Account Guarantee Program.