400 Second Avenue South
Minneapolis, Minnesota 55401-2499
Company Locations and Agency Managers
August 15, 2002
SUBJECT: LENDER ALERT
you may be aware, Conseco, Inc., the parent of Conseco Finance Corp.
(“CFC”), has been experiencing significant financial difficulties.
Although the potential impact of these problems on CFC is uncertain, it
is recommended that from this date forward each transaction involving CFC be
monitored closely. Prior to
disbursing funds on a CFC transaction, please make sure all appropriate “good
funds” procedures have been closely followed or that you have received a wire
transfer or cashiers check.
any questions should arise or if you experience any difficulties with the
settlement of a CFC transaction, please contact your manager or state counsel