Having formal written guidelines on how you evaluate applicants is important to avoid discriminatory accusations. 

You get the idea.Communication does not to be overly formal but should be concise and well articulated to avoid misunderstandings.  

Crazy people can move into any unit in CA and say they belong there and you have to formally evict them. 

Even if you never get the chance to present the proposal, you haven’t wasted any time preparing a formal presentation; the act of doing this will prepare you for answering the many questions you will face during the loan approval process.

Get smarter and more formal about how you run your business or get out of it.

The only issue is that sending a single formal contract with financial, EMD..etc takes a very long time, and since one does not know the outcome it could be a waste of time.

Fill out an OPRA request (Formal request to release public records) with a specific description of what you want.  

A LOI should be nothing more than a formal way of expressing your opening statement in the negotiation process.Once you have settled on terms, then you enter into a contract to buy and that's when you can put deadlines on certain things.

A few of my clients now were formally on MRB and had some mild horror stories.

I am a real estate broker, so we did the formal way of submitting an offer.