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STATEMENT OF AFFILIATE RELATIONSHIP As part of the Ability to Repay and Qualified Mortgage rules implemented by the Consumer Financial Protections Bureau, fees paid to Affiliate Companies must be
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How to fill out a statement of affiliate relationship:

01
Start by providing your personal information, including your name, address, phone number, and email address.
02
Identify the affiliate program you are a part of and provide details about the company or organization running the program.
03
Clearly state the nature of your relationship with the affiliate program, explaining your role and responsibilities as an affiliate.
04
Outline any financial or non-financial benefits you receive from the affiliate program, such as commissions, discounts, or promotional materials.
05
Specify any limitations or restrictions imposed by the affiliate program, including guidelines for advertising, use of trademarks, or disclosure requirements.
06
Include a statement that you will comply with all laws and regulations related to your affiliate activities and that you will operate with integrity and honesty.
07
Sign and date the statement to acknowledge your agreement to abide by the terms and conditions outlined.
08
Keep a copy of the completed statement for your records and provide a copy to the affiliate program as required.

Who needs a statement of affiliate relationship?

01
Individuals who participate in affiliate marketing programs.
02
Bloggers or website owners who promote products or services through affiliate links.
03
Companies or organizations that have affiliate programs and require their affiliates to provide a formal statement of their relationship.
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The statement of affiliate relationship is a document that discloses a business relationship between two entities where one has control over the other, or they are under common control.
Entities that have an affiliate relationship and are subject to reporting requirements are required to file a statement of affiliate relationship.
The statement of affiliate relationship can be filled out by providing detailed information about the relationship between the entities, including ownership percentages and control arrangements.
The purpose of the statement of affiliate relationship is to ensure transparency and disclosure of business relationships that may impact financial reporting and decision making.
The statement of affiliate relationship must include information such as the names of the affiliated entities, ownership percentages, control arrangements, and any other relevant details of the relationship.
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