Notice of Exceeded Credit Limit

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Document Overview

A Notice of Exceeded Credit Limit is a formal communication from a business to a customer informing them that their outstanding balance has surpassed the approved credit limit.

The purpose of this notice is to:
1. Alert the customer that they are in breach of agreed credit terms.
2. Request immediate corrective action to bring the account within the approved credit limit.
3. Protect the company from further financial exposure.
4. Maintain professional records for compliance and possible legal enforcement.
5. Encourage continued business while safeguarding credit discipline.

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Notice of Exceeded Credit Limit

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