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Get Format Of Money Lending Licence 2020-2025
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How to fill out the Format Of Money Lending Licence online
This guide provides clear, step-by-step instructions for filling out the Format Of Money Lending Licence online. Whether you are a first-time applicant or familiar with the process, this guide will help you complete your application accurately and efficiently.
Follow the steps to complete your application with ease.
- Click 'Get Form' button to obtain the form and open it in your preferred editor.
- Provide the name of the applicant in the designated field. Ensure the name is spelled correctly as it appears on official documents.
- Enter the father's name of the applicant as specified. This information may be required for identification purposes.
- Fill in the correspondence address where the applicant can be reached. This address should be current and accurate.
- If the applicant is a firm, list the names and addresses of all partners associated with the firm in the specified section.
- Indicate whether the applicant is a Hindu joint family firm and if it has been registered under the Indian Partnership Act 1932.
- Provide the name under which the applicant conducts their money lending business. This should be the trade name or business name used.
- Specify the district within which the applicant currently operates their business on the date of application.
- Indicate the district where the applicant wishes to extend their business in the future.
- Detail the location of the applicant's principal place of business, including the name, address, parentage, and caste of the person in charge.
- If the applicant has offices in other stations, provide complete details about each location and the persons in charge.
- State the extent of the applicant's total business on the date of application.
- Describe how long the applicant has been involved in the money lending business.
- Indicate whether any prior applications for registration have been made by the applicant or its members. Provide details as necessary.
- If the applicant has been previously registered, give full particulars of that license.
- Disclose whether any licenses granted to the applicant have been canceled, along with the details of cancellation.
- State whether money lending is the applicant's sole business or if they are involved in other activities. Provide clarifying details.
- At the end of the application, verify that all facts stated are true and correct to your knowledge. Collect necessary signatures for verification.
- Once all fields have been completed, save any changes made to the form. You may also download, print, or share the form as needed.
Start your application for the Money Lending Licence online today!
This license allows lenders to charge interest rates above those permitted by law. State law prohibits businesses from making loans of $25,000 or less to individuals or $50,000 or less to businesses with an interest rate above 16%. Higher interest rates may only be given by licensed lenders.
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