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When nationals on my campus went local, usually due to getting their national charter revoked, they always stayed with similar letters. Theta Chi went Theta Chi Lambda, Lambda Chi Alpha went Alpha Chi Lambda, and Sigma Pi went Delta Pi. I don't necessarily think that your national would go after you for similar letters. It is only "illegal" to use the same letters once you are no longer recognized. Usually, if you continue to use their letters, they will have their attorneys send you a cease and desist letter, and not much more. I doubt many greek orgs have the resources to sue over these minor things.
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