This review list is being supplied to you in order to inform you about the document in question and to assist you in preparing it for submission. Affidavits of loan purpose are necessary for specific types of loans. The objective is to provide information on the rates offered for specific activities, as well as government and banking rules and other comparable matters.
- Make numerous copies of the document. Give one to the loan institution and one to yourself to maintain in your transaction folder. Make sure to have the document notarized in accordance with the instructions in the papers above.
Loan Purpose, Affidavit
The undersigned being first duly sworn on oath deposes and states:
That the proceeds of the loan of $______ (________________ &___/100 dollars), being furnished us this __________day of ______________, 20____, from ______________________________
______________________________
______________________________Will be used for:
______________________________and for no other purpose.Subscribed and sworn to this _____ day of ________, 20__ under pains and penalties of perjury.
_______________________________
Notary
My Commission Expires on:Loan Purpose, Affidavit
Review ListThis review list is provided to inform you about this document in question and assist you in its preparation. Loan purpose affidavits are required for certain loans. The purpose relates to the rates provided for certain activities, governmental and banking regulations, and similar such things.
1. Make multiple copies. Give one to the lending institution; keep one in the transaction file. Be sure to get the document notarized as provided for in the paperwork above.
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