Get Application By An Individual, Partnership Or Trust For Change Of Control ... - Dfs Ny

Filling out the Application By An Individual, Partnership Or Trust For Change Of Control is an essential step for acquiring a significant interest in a licensed mortgage banker in New York. This guide will walk you through each section of the form with clear, step-by-step instructions to ensure an accurate and successful submission.

Follow the steps to complete your application accurately.

1. Use the ‘Get Form’ button to obtain the application and open it for completion.
2. In the first section labeled 'Organization Structure of Applicant,' indicate whether you are applying as an individual, partnership, or trust by selecting the corresponding option.
3. Provide the complete name and address of the applicant in the 'Name and Address of Applicant' section, including any fictitious names if applicable.
4. Fill out the details of the mortgage banker from whom you are acquiring an interest, including the name, address, phone number, and fax number.
5. Specify the percentage of the corporation being acquired and the number of shares of Capital Stock purchased.
6. Identify the individual responsible for communication regarding this application in the 'Name and Address of Person to Whom Communications Should Be Addressed' section, including their title.
7. List the name, title, and residence information for each controlling member or trustee, ensuring to indicate the percentage and number of shares acquired.
8. Answer a series of questions regarding the applicant's history with mortgage origination, previous licenses, and any regulatory actions. Provide detailed explanations where applicable.
9. Include other necessary information, such as branch affiliations, a description of the acquisition, and a business plan addressing historical activities.
10. Attach required documentation, such as partnership agreements or trust documents, depending on your organization's structure.
11. Complete any additional required forms as specified, including personal financial statements and background questionnaires.
12. Submit your application along with any necessary attachments and signatures. Confirm that all statements are truthful and complete.
13. Once the form is filled out completely, save your changes, download a copy for your records, and print or share the completed application as necessary.

Start filling out your application online today to ensure a smooth submission process.