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This document serves as an application for institutions seeking to operate as a foreign savings and loan association in Illinois, detailing required fees, documentation, and filing instructions.
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How to fill out Application for Certificate of Authority to Operate in Illinois as a Foreign Savings and Loan Association

01
Obtain the Application for Certificate of Authority from the Illinois Department of Financial and Professional Regulation website.
02
Fill out the general information section, including the legal name of the foreign savings and loan association and its principal office address.
03
Provide details about the association's corporate status, including the state where it was formed and the date of incorporation.
04
Include information regarding the management structure, listing the names and titles of the officers and directors.
05
Disclose the type of business the association intends to conduct in Illinois.
06
Submit the required financial statements, which should reflect the association's financial condition.
07
Include a certificate of good standing from the home state of the foreign association.
08
Pay the applicable filing fee as outlined by the Illinois Department of Financial and Professional Regulation.
09
Review the completed application to ensure all information is accurate and complete.
10
Submit the application via mail or online as directed in the application instructions.

Who needs Application for Certificate of Authority to Operate in Illinois as a Foreign Savings and Loan Association?

01
Foreign Savings and Loan Associations that wish to operate in Illinois must apply for this certificate.
02
Entities incorporated outside of Illinois looking to establish a presence in the state for financial services.
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The Application for Certificate of Authority to Operate in Illinois as a Foreign Savings and Loan Association is a formal request submitted by a foreign savings and loan association seeking permission to conduct business operations in the state of Illinois.
Foreign savings and loan associations that are not incorporated in Illinois but wish to operate within the state are required to file this application.
To fill out the application, the entity must provide specific information including its corporate name, the state of incorporation, address, and details regarding its operations, management, and financial status.
The purpose of the application is to ensure that foreign financial institutions meet Illinois regulatory standards before they are allowed to operate within the state.
The application must report information such as the legal name of the association, its principal office address, authorization documents from its home state, financial statements, and any additional information required by the Illinois Department of Financial and Professional Regulation.
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