Confirmation Of Verification Of Identity Corporate And Non Personal: Fill & Download for Free

Here are the checklist of some dos and don'ts for any property buyer looking to purchase real estate in India:-1) Regulatory complianceA buyer needs to verify that the property is Registered with the authority at RERA and also any other local laws as applicable in order to make an informed choice2) Verify title and ownership of seller from a competent lawyerAs a first step, buyer should undertake due diligence ti ascertain existence of title with the seller and whether the same is free from encumbrances. Some of the documents which maybe examined may include:-Title documents of property- succession certificate, sale deed and gift deed and share certificate evidencing the transfer of title over the years.In case of seller claiming developmental rights, development agreement and power of attorney executed by owner in favour of seller.Information on past litigation or pending litigation over the propertyAvailability of original title documents with the seller3) Identity verification of SellerWhile it's essential that the title to the property is clear, it is also essential that the person in question named in title document is the same person who is selling you and not a case of identity. Residence status and Nationality of seller and identification of all owners in case of property held jointly. Where the seller is company or any other legal entity, to confirm its ability to own and transfer property and the persons authorised to execute the same on behalf of legal entity/company.4) Land use permissionWith increasing conversion of non-agricultural land and restrictions of several state government in use and purchase of agricultural property, it is essential to determine the notified zoning and permitted use of land. Where actual use is different from notified usage, obtaining permission from Town planning authority would be mandatory.5) ApprovalsFor purchase of flats, buyer should examine the layout plan sanctioned by local municipal authorities and satisfy himself that the actual construction is in accordance with the sanctioned plans and exceeding the same.6) Occupancy certificate (OC)It would be risky for the buyer if seller doesn't obtain occupancy certificate (OC) before conveying the property and securing conveyance deed.7) Tax liability statusNon-payment of property taxes affects marketability and constitute a charge on property. A buyer should verify with the municipal authorities that seller hasn't defaulted on payments of taxes and if yes also determine who will repay the liability in case of same.8) EncumbranceSearch at the jurisdictional sub-registrar office will reveal information of any registered encumbrances in the property. In case of corporate seller, MCA records reveals the same.9) Physical verification and access to propertyIt's a no brainer that physical access and measurement of property whether land or flat is essential for additional verification and should be made independent of the sellers claims. Further, accessibility of the same needs to be double-checked including town planning records to check for any possible infrastructural development in future which may impede enjoyment of property.ABW

It’s important for home buyers to understand that a mortgage commitment letter in NYC does not guarantee that the bank will fund your loan.As you will see from the NYC mortgage commitment letter sample below, there are many contingencies in place for the bank to revoke its loan commitment to you. If you’re about to submit an offer and deciding whether to waive the mortgage contingency, it’s important to understand what a mortgage commitment letter entails and how much assurance a loan commitment offers you in the first place.What does a NYC mortgage commitment letter sample look like?This is an example of a standard mortgage loan commitment letter that would be issued to a New York City condo or co-op apartment buyer. There are additional sections in this NYC mortgage commitment letter sample you should review such as Commitment Conditions.MORTGAGE LOAN COMMITMENTBorrower Name(s):Borrower Mailing Address:Lender:Property Address:Type of Property: [Condo, Co-op, etc.]Commitment Expiration Date:Date:It is a pleasure to notify you that your application for a mortgage loan has been approved subject to the following matters set forth below and on pages 2 and 3.INSTRUCTIONSPlease sign, date and return Lender’s copy of this Commitment, along with any required fees and items requested, to the Lender at the following address, within 15 days of the date hereof, or at the option of Lender, this Commitment shall become null and void. Should you have any questions, please contact:This approval is not a final commitment. Due to the fact that interest rates are subject to change without notice, your approved payment and loan amount may change if interest rates increase or decrease.EFFECTIVE DATE AND COMMITMENT FEEThis commitment will become effective upon compliance with the terms herein and, if applicable, the receipt of your check in the amount of any non-refundable commitment fee (“stand-by fee”). It is understood and agreed that if this mortgage loan is not settled in accordance with the terms and conditions of this commitment, the Lender shall retain this fee as earned charges for the origination and approval of this loan.AMOUNTS, TERMS AND FEESAmount of Loan $[Amount]Initial (Contract) Interest Rate [Rate]%Loan Term [Number] monthsAmortization TypeBalloon Term (if applicable) [X] monthsLoan TypeLien Position 1st LienPAYMENT (P&I)Your initial interest only principal and interest (P&I) amount is $[Amount]. This amount does not include any escrowed amounts and may change if there is a change in loan terms.ESCROW[ X ] An Escrow Account is not required.[ ] An Escrow Account is required.Even if an Escrow (Impound) Account is not required at time of settlement, subject to the terms of your specific loan documents, the Lender may set up and require an Account should the taxes or insurance on the subject property ever become delinquent.EVIDENCE OF TITLEThe Evidence of Title is to be provided to the Lender and must indicate no liens, encumbrances, or any adverse covenants or conditions to title unless approved by Lender. The Evidence of Title must be issued from a firm or source, and in a form, acceptable to Lender. Borrower will be charged for the cost of providing such title and the cost of recording documents, all of which will be ordered by Lender unless requested otherwise.CANCELLATIONThe Lender reserves the right to terminate this commitment prior to the settlement of the loan in the event of an adverse change in your personal or financial status, or if the improvements on the property are damaged by fire or other casualty.REQUIRED ITEMS OR CONDITIONSAll Items Listed on the Commitment Conditions Addendum Apply.THE FOLLOWING CONDITIONS MAY APPLY TO YOUR LOAN DEPENDING ON THE LOAN TYPE AND TERMS.BALLOON MATURITYA balloon loan matures before the loan is fully amortized. The balance of the loan will be due in a lump sum payment at maturity.FIRE AND EXTENDED COVERAGE INSURANCEPrior to settlement, we will require an original insurance policy and/or binder containing fire and extended coverage (i.e., windstorm, hurricane, hail damages, or any other perils that are normally included under an extended coverage endorsement) insurance in an amount equal to the lesser of 100% of the insurable value of the improvements, or the unpaid principal balance of the mortgage as long as it equals the minimum amount (80% of the insurable value of improvements) required to compensate for damage or loss on a replacement cost basis through a company acceptable to the Lender, and a receipt showing premiums paid in advance for one year. The insurance policy shall also contain a standard mortgage clause in favor of Lender. We cannot require you to obtain a policy which exceeds the guaranteed replacement cost of the improvements securing the loan.If the property is new construction and you are not able to occupy the property immediately after closing, you will be required to furnish an original fire/hazard insurance policy or binder, including a Builder’s Risk Rider. If this is a renovation of an existing dwelling that will remain occupied, a Builder’s Risk Rider is not necessary.GOVERNMENT INSURED LOANSLoan Commitments issued for these types of mortgage loans, including, but not limited to FmHA, RHS, FHA, and VA, are subject to all the terms and conditions of the Agency’s commitment, or the VA certificate of reasonable value, as well as the rules, and regulations, and all applicable requirements of the Farmers Home Administration, Rural Housing Service, Department of Housing and Urban Development, the Department of Veterans Affairs, and/or other state or municipal authority.FLOOD INSURANCEBy signing and accepting this commitment, you acknowledge that if the property securing this loan is in an area identified as having a special flood hazard you agree to these insurance requirements.Our policy, in order to best protect collateral interest, is to adhere to the more common industry practice of requiring flood coverage for the lesser of: the full 100% Replacement Cost Value or the maximum amount of insurance available under NFIP for the particular type of building; currently $250,000 per residential dwelling/condominium unit. A copy of the declaration page or application signed by the agent, along with proof premium has been paid, is required prior to closing.Flood insurance is mandatory now or in the future if this property has been or will be determined to be in an area which has a special flood hazard. Federal Law requires that flood insurance, available through any agent, must cover the lowest of: the outstanding principal balance of the loan[s]; the maximum amount of coverage allowed for the type of building under NFIP or the full replacement cost value of the building or contents securing the loan.TAX AND INSURANCE PAYMENTSMonthly deposits and initial deposits as determined by Lender are required to cover the payment of estimated annual real estate taxes, special assessments and, if applicable, FHA or Private Mortgage Insurance Premiums. Lender may also require additional deposits for hazard or other insurance if required for this loan. Such deposits are to be placed in a separate escrow or impound account.SPECIAL ASSESSMENTSIf required, all unpaid and future special assessment installments must be paid in full prior to, or at time of settlement.DOCUMENTATIONThe mortgage or deed of trust, note and other pertinent loan documents will be provided by Lender and must be signed by all applicants that are to be contractually liable under this obligation. Further, the mortgage or deed of trust must be signed by any non-applicant spouses if their signature is required under state law to create a valid lien, pass clear title, or waive unclear rights to property. Note: Samples of loan documents are available upon request.ADDITIONAL CONDITIONS FOR CONSTRUCTION LOANS.CONSTRUCTION LOANS: ONE PAYOUT AND MULTIPLE PAYOUTImprovements are to be built in a good and workman-like manner in strict accordance with plans and specifications furnished Lender and in compliance with applicable building codes. After completion, said improvements shall be approved by a representative of Lender and an occupancy permit shall be issued by local municipality. Any changes, whether they be additions, deletions, or alterations, of the plans and specifications, must be approved in writing by Lender in order that this loan commitment remain in effect.CONSTRUCTION LOANS: MULTIPLE PAYOUTEvidence must be submitted that the net proceeds of our loan are sufficient to complete the construction of the building, free and clear of all claims of Mechanic’s Liens for labor and material. All disbursements will be made upon the order of the borrower upon presentment of proper waivers of lien, subject to compliance inspections by the Department of Veterans Affairs, the Federal Housing Administration, or Lender, not to exceed 80% of the value of the work done. The remaining funds will be held back until the certificate of completion and/or occupancy certificate is issued.I (WE) accept the terms and Conditions of this Commitment and will notify Lender if there are any changes to the information provided on the application before the closing of the loan.Borrower DateCOMMITMENT ISSUED ON BEHALF OF LENDER BY:Take special note of the cancellation clause listed above. If you lose your job or suffer some other financial setback, the bank will have cause to terminate your loan commitment!What are some typical commitment conditions in a NYC mortgage commitment letter sample?This is an example of a some typical commitment conditions in a NYC mortgage commitment letter sample. Note the long check-list of tasks that must be completed in order for the lender’s commitment to be valid.COMMITMENT CONDITIONS(Attachment to Mortgage Loan Commitment)Borrower: The Closing Disclosure will be provided to you in advance of your closing indicating your loan terms and is followed by a government mandated waiting period before the actual closing occurs. Receipt of the Closing Disclosure does not indicate all loan conditions have been satisfied which must occur prior to closing. Changes of any kind that occur after the final Closing Disclosure has been delivered to you may result in an additional waiting period prior to closing.Borrower: This loan is also subject to all other lender specified conditions and must comply with all applicable federal, state, and local laws and regulations.Lender: Verification from the Lender’s Closing Agent / Attorney that a Recognition Agreement has been executed by the the Cooperative Board and received by the Closing Agent/AttorneyLender: Title to have Recorded UCC1 lien search at time of closingLender: Recognition agreements and stock certificate required at time of closingLender: This loan is approved for a maximum interest rate of — [ ]% (qualifying pmt)Lender: If the loan does not close by the expiration date of the credit documents which includes verification of employment, assets and credit, re-verification will be required. To avoid re-verification the loan must close by: [Date] (rate)Lender: Obtain a completed and signed Form 4506-T (written permission to request tax returns from the IRS) for all borrowers at and before closing. — ** rcvd prior to closing **Lender: Closing agent to verify borrower(s) identityLender: Fully executed and signed Social Security Administration release (form OMB #0960–0760)Lender: Loan was approved based on the following parameters: Debt to Income Ratio not to exceed [ ]%; Total Reserves required for Transaction are $[Amount] or 12mos (subject to change) plus closing cost & prepays of $[Amount] (subject to change). Required Liquid Funds for transaction can be no less than $[Amount]. If any of these parameters change, as required by product guidelines, the loan will be subject to re-underwriting.Lender: If the loan does not close by the expiration date of the following documents, re-verification will be required:Appraisal: [Date] Verbal VOE: [Date] Rate: [Date] Lien Search: [Date] Co-Op Approval: [Date]Lender: No subordinate financing allowedLender: Seller paid closing cost may not exceed actual costs, the maximum amount that can be paid is — $[Amount]Lender: No cash out to borrower(s) at closingNote that this hypothetical lender does not allow any subordinate financing. That means you won’t be able to take out a 2nd lien home equity line of credit at a later time. Please also note that if your purchase doesn’t close in time, the lender may need to re-do the underwriting process.Sample Mortgage Commitment Letter InstructionsCONGRATULATIONS!Your application for a [Bank Name] Co-op Loan has just been approved. Enclosed you will find a commitment letter which provides you with specific details regarding your loan approval. We urge you to read it carefully as it contains important information on the financing terms and the documentation that is required in order to close your loan.WHAT ARE THE NEXT STEPS?You must sign the commitment and return it to us within ten (10) days of the commitment or before the expiration date, whichever is sooner with any fees specified. Please note that this commitment letter contains two critical dates. If you elected to lock in your interest rate and points there is a rate expiration date. If you do not close your loan on or before the rate expiration date, the terms and conditions will change.In addition, there is credit document expiration date. If you do not close your loan on before this date you will need to satisfactorily update certain credit documents in order for the terms and conditions of this commitment letter to apply. If your rate and points have not been locked, the rate expiration date will be established once you elect to lock in your rate. You must lock in your rate at least five business days prior to loan closing.Please read the commitment letter and riders carefully, as they contain conditions that must be satisfied prior to your loan closing. It is incumbent upon you to make sure that we are in receipt of all items listed. These items must be reviewed and approved at least three (3) days prior to loan closing. Again we must emphasize that you cannot close your loan unless all these items have been satisfied.We have notified the closing attorney for [Bank Name] of this loan transaction.Arrangement and instructions for closing your loan should be obtained by contacting the [Bank Name] attorney named in your commitment letter. A loan closing can be scheduled shortly after all necessary documents have been received by [Bank Name].The [Bank Name] attorney will be able to provide you with specific information regarding the following:-Closing Date-Closing Location-Prepaid Interest and Escrow Funds-Co-op Lien Search Requirements-Survey Coverage Requirements-Insurance Requirements (Hazard/Flood/Condominium/Co-op)We encourage you to have your attorney contact the [Bank Name] closing attorney to review the requirements. This should help to ensure that your closing goes smoothly.Thank you for choosing [Bank Name] for your financing needs. We are delighted to have you as a client.What are sample closing conditions in NYC?Dear [Borrower],We have received today from [Bank Name] a copy of a commitment letter for a co-op loan and will represent [Bank Name] at the closing. Please be advised that we cannot schedule a closing unless we receive confirmation that the conditions required by [Bank Name], prior to closing, have been satisfied and the conditions required at closing will be obtainable and brought to the loan closing.Enclosed with this letter you will find three copies of Recognition Agreements. The Recognition Agreement must be delivered to and executed by an Officer of the Cooperative Corporation. The fully executed Recognition Agreement must be delivered to our office prior to loan closing or it must be brought to loan closing. We will be unable to close a co-op loan without the original executed Recognition Agreement with the corporate seal.Enclosed with this letter you will find a Uniform Commercial Code Authorization Form. This document must be signed by each person who will be on title and promptly returned to our office. This document is necessary for [Bank Name], to obtain a security interest in the cooperative. Upon our receipt and/or confirmation of certain information i.e. section/block/lot numbers of the building same will be inserted in the financing statement prior to filing. Please be sure to note that the executed Uniform Commercial Code Authorization Form and the check required by paragraph 3 below must be remitted to our attention at the time you accept your commitment letter to a assure a timely closing.To ensure that [Bank Name] has a proper security interest, a Cooperative search of the appropriate records will be conducted solely for [Bank Name]’s benefit. The search will be ordered by our firm and will be reviewed and approved by our office prior to loan closing. Payment of the lien search must be remitted to our office at the time you send back the UCC-1 Authorization form. The cost of the search is $275.00 and the filing fee for the UCC-1 is $100.00. Please remit a check for $375.00 made payable to [Name] for the lien search and the recording of the financing statement.Unless paid prior to loan closing, all charges and fees due to [Bank Name] must be paid from the loan proceeds. If you call our office the day before loan closing, we will advise you of the exact amount being deducted from loan proceeds.The commitment letter has two expiration dates; one is the Commitment Expiration and one is the Rate Lock Expiration. The loan must close and funds must be disbursed on or before the earlier of the Commitment Expiration or the Lock-In Expiration. In the event the loan is a refinance transaction and it is subject to the required three (3) business-day right of recission it must close four (4) business days prior to the expiration of any applicable rate lock agreement.Please note that a closing cannot be scheduled until the following items have been completed:– We have been advised by [Bank Name] that all commitment conditions have been satisfied.– The U.C.C. -1 financing statement has been filed.– The co-op search has been reviewed and approved– We have a copy of the proposed Stock Certificate and the first page of the Proprietary Lease. At closing, the original Stock Certificate and Proprietary Lease must be delivered to [Bank Name] Closing Attorney.– We must be in receipt prior to or at loan closing of a blanket insurance policy for the co-op evidencing sufficient dwelling coverage.[Bank Name] requires at least two (2) business days to schedule a loan closing.We are committed to providing you with the highest level of customer service. If you should have any questions please feel free to call us at [Phone Number].Content courtesy of https://www.hauseit.com/nyc-mortgage-commitment-letter-sample/Disclosure: Hauseit and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

tl;dr: Hell No!I want elections to be fair and candidates to be vetted.I am not a political expert, but if I can come-up with these ideas to protect the sanctity of our elections, why hasn’t someone else made this law yet?Campaign FinanceOnly a registered voter may contribute.Maximum of $2,500 per candidate, per voter, per election.May only contribute to candidates or measures on that voter's ballot.No corporate, union, PAC, party or any other contributions allowed. No soft money or non-campaign-sponsored advertising will be permitted.Government will provide campaign funds to each candidate, equal to one year's salary of the position sought.Candidate may not loan more than one year's salary, from the office sought, to own campaign, and may not contribute to any other candidate or measure from campaign funds. A candidate may contribute funds from its personal finances, subject to the restrictions contained, herein.Candidates may not borrow any other money for their campaign, and any candidate who fails to pay all campaign bills by thirty days after the election will be disqualified from that office. Should this happen, the next highest vote-getter for the office shall be deemed the winner, subject to qualificationIf no candidate is eligible, under these articles, after the election, then the office shall remain vacant until the next election, except for positions of president or governor of a state, which positions shall be filled by Congress or the State Legislature, respectively. Local races shall be settled according to local rules.Any funds remaining at the end of the campaign (win or lose) will be remitted to the federal or state government, as applicable.Funds may only be raised in the six months prior to each election (e.g. primary or general election).Election cycles will be shortened (June & Nov voting dates):- National Offices 12 months (President/VP)- State Offices 6 months (Congress/Governor/Legislature/etc.)- Local Offices 3 months (City/County)- Propositions/Initiatives 4 months (State)Federal contributions will flow through a federal clearinghouse, which will verify that the contribution came directly from a registered voter, eligible to vote for the recipient of the contribution. Verification will include signature and source of funds (e.g. bank account belonging to contributor). Confirmed funds remitted to candidates within one business day of verification.States will set-up their own clearinghouse system, based on the federal model in #12.No foreign money may be contributed to, or received by, any candidate. Should a candidate receive money identified as sourced from a foreign contributor, this money shall be remitted immediately to the federal government and applied to the national debt.Candidates circumventing these rules will be disqualified, arrested, and prosecuted swiftly.All elected officials, except for President and VP, will no longer receive pensions after retirement, but will be eligible for Social Security.Senators will no longer be elected by the public, but will revert to the original system and be chosen by their state legislatures.Any campaign funds currently held by candidates upon passage of these changes shall be immediately remitted to the government and applied to the outstanding national debt.Any funds remaining in trust to pay future obligations under current Congressional retirement plans shall be immediately transferred to Social Security and Medicare.Members of Congress shall receive the same medical and other benefits as available to other federal employees at the administrative level.Congressional salaries shall be set at the national average for workers with advanced degrees (e.g. Masters Degree with 10–19 years’ experience), which is currently $100,283, as of 2020 (What is the Average Salary for an MBA Graduate?).A person (other than Pres/VP) may only serve six years in any office, and no federal office holder may run for another office that is lower in stature than an office previously held (i.e. Senator cannot later run for Congress, President cannot run for any office).Candidate EligibilityAll candidates for office will have their eligibilty checked by their municipality, state, or the federal government, depending on the office sought. This includes verification of birth records for presidential and VP candidates to confirm that they were born as natural-born citizens, which shall be defined as being born to two American citizen parents, at the time of their birth.Location of birthplace shall not be relevant, if the parents were assigned by the government or a church mission to work in another country on a temporary basis, with the stated and accomplished goal of returning to the United States, upon completion of their assignment or mission, or if the parents were on a temporary vacation or leave in another country, and returned to the United States on a permanent basis, afterward.If a person running for president or vice president has ever renounced their citizenship or traveled under a foreign passport (meaning that they were a dual-citizen), then that person is no longer eligible to be president or vice president. An extended stay overseas, whether for vacation, work, or retirement, shall not automatically disqualify a candidate, as long as its citizenship remained constant, and no attempt to relinquish their American citizenship has taken place.If such a person has demonstrated against the United States or joined a foreign military or terrorist force as an active-duty member, said person shall be disqualified from running for any office.Should a citizen have been conscripted to service by an ally, it should remain eligible, as long as said ally has not turned against the United States in battle, and said person did not engage in such hostilities (e.g. take-up arms) against the United States.Voter EligibilityEvery voter shall have a photo ID that states their residential address and voting precinct. Said ID shall be renewed every four years, with proof of current address and identity provided by the voter.Those who wish to vote by mail shall apply by submiting a copy of their voter ID, proof of home residence address, and a registration form.Voters living overseas may renew their voter IDs and absentee registration in the same manner that Social Security recipients verify that they are alive, each year. Form signatures will be compared against the signature on-file for each voter, prior to the issuance of a new voter ID and ballots.Absentee ballots may be electronically-filed with a copy of the voter ID and signature provided with the ballot. Each ballot will have a unique number assigned to the voter. Should a ballot be submitted by a different person than the one to whom it was issued, it shall be nullified.All voter rolls will be scrubbed annually against Social Security records to remove voters who have passed-away.A national registry of voters shall be maintained and be searchable by every Secretary of State’s office for the purpose of maintaining an accurate voter registry.If a voter registers in a new district, due to a change of residence, their prior voter registration (in their old district) shall immediately be cancelled.All new voter registrations will be compared against the state and federal registries to ensure that no one is registering in more than one precinct. Fraudulent registrations shall be immediately investigated and prosecuted.Election ProceduresVoters must present their Voter ID at the precinct, and sign-in to receive a ballot (signatures will be randomly checked).All ballots will be Scantron type ballots showing the number, name, and office of each potential candidate, along with a single circle to punch or mark for said candidate.Each ballot will be uniquely numbered and assigned to a voter. Should a voter later be deemed ineligible or fraudulent, said ballot can be identified and nullified.The ballot will be inserted into a machine, and the machine will provide a print-out clearly showing the number of the ballot (matching the paper ballot), and a listing of each vote cast.The voter may contest the the paper listing, if any vote is inaccurate. In this case, the ballot number will be voided, and a new paper ballot issued.The machine will retain the paper ballot in a lockbox for verification with computer records. The voter shall retain the paper print-out for later verification online.Once the election is completed, the information from each voting machine will be compiled, and submitted to the district office.Once this information has been uploaded, any voter can login to a website to confirm that the votes from its ballot were recorded properly, by comparing the results for its ballot to the printout received at the voting precinct.Any voter who spots a discrepancy can report it to the Secretary of State’s Office via a hotline set-up and staffed for that purpose.Any ballot box receiving more than five (5) complaints shall be audited by election personnel for accuracy, by comparing the printed summary to the confirmation received from the Voting District. The paper ballots shall be compared to the District’s numbers, to ensure accuracy. Any errors shall be corrected immediately in the final results.At least one voting box from each precinct shall be automatically, randomly selected for audit. If the results show any error, 50% of the boxes shall be audited. If more errors are noted, then all boxes from that polling location shall be audited for accuracy.Polling results should be available within an hour of the close of elections, as everything is automated. Ballot box verifications will be completed within seven (7) days, and absentee voting data shall also be input within seven (7) days.These measures will ensure fair and accurate elections. Why anyone would desire a less robust and unsealed system is beyond my comprehension, unless they want to make it easy to cheat!