Get Statement Of Proposed Ownership

The Statement Of Proposed Ownership is a crucial document for individuals and firms seeking to change control of a licensed mortgage banker, broker, or loan servicer. This guide provides step-by-step instructions to assist users in completing this form online with clarity and ease.

Follow the steps to effectively complete the statement.

1. Click ‘Get Form’ button to obtain the form and open it for editing.
2. Begin by identifying yourself as either an officer, partner, or trustee of the applicant. Ensure to check the appropriate box that corresponds to your role.
3. Enter the name of the applicant in the designated field. This will be the entity applying for the change of control.
4. Specify your title in the firm in the provided space. This clarifies your position within the company.
5. Indicate whether you are acting as an individual applicant by marking the appropriate checkbox.
6. Fill in the name of the licensee or registrant for which the ownership will be distributed.
7. List the names of owners along with their corresponding percentage ownership in the designated fields.
8. Confirm that no other persons will further invest in the mortgage entity without prior approval from the Superintendent of Banks by reviewing the statement provided.
9. Acknowledge that false statements may lead to application denial and potential legal consequences. Ensure understanding of this clause.
10. Sign the form as the individual applicant or designated officer and include the date.
11. If required, have the document notarized by a public notary.
12. After completing the form, you can save your changes, download it, print it for your records, or share it as needed.

Complete your Statement Of Proposed Ownership online today for a smooth application process.