Get Form Ofr 516 01

Filling out the Form Ofr 516 01 is an essential step for consumer finance companies seeking to apply for a license, amend an existing application, or withdraw a pending application. This guide provides a straightforward approach to completing the form online, ensuring that users understand each section clearly.

Follow the steps to successfully complete the Form Ofr 516 01.

1. Click ‘Get Form’ button to access the form and open it in the online editor.
2. Begin with the 'Applicant Information' section. Here, you need to provide the legal business name, fictitious name (if applicable), Federal Employer Identification Number (FEID), and the physical business address. Ensure the physical address does not include a P.O. Box.
3. In the 'Contact Information' section, fill out the optional details for a contact person, including their name, title, mailing address, and telephone numbers.
4. Proceed to the 'Applicant Organization & History' section. Select the type of organization you are filing under and provide the necessary information about your organization's legal formation and registered agent.
5. Complete the 'Disclosure Questions' section by addressing any potential legal issues, including criminal disclosures and regulatory actions. Attach separate Disclosure Reporting Pages (DRPs) as needed.
6. In the 'Liquid Assets' section, confirm that you have the required $25,000 in liquid assets deposited with an insured financial institution. Documentation must be provided.
7. Answer the 'Pawnbroker Question' to indicate whether your organization is involved in the pawnbroker business, as this may affect eligibility.
8. Sign the form in the 'Signature' section, ensuring that a person authorized by the applicant completes this part. Where applicable, provide the Social Security Number for a sole proprietor.
9. Review all entries for accuracy. Save changes to retain your filled information, and make sure to download or print a copy of the form for your records.

Complete your necessary documentation online to ensure a smooth application process for your consumer finance company license.