Lending — Checklist for reliance letter review

Introductory note:
A reliance letter is typically provided by an adviser (eg law firm, accounting firm) who has issued a due diligence report. This checklist sets out the matters to be considered when reviewing a reliance letter.
How to use this checklist:
This checklist is intended for use by lawyers reviewing a reliance letter for their client who wishes to rely on the due diligence report to which the reliance letter relates for the purposes of funding the transaction.
Users should amend this checklist as appropriate taking account of the specific circumstances of their transaction.