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OKLAHOMA CORPORATION COMMISSION Oil & Gas Conservation Division Post Office Box 52000 Oklahoma City, Oklahoma 73152-2000 Rule 165: 10-3-25 Form 1003 PLUGGING RECORD MAC 165:10-1-10 WELL INFORMATION

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How to fill out form 1003

How to fill out form 1003:

01

Begin by reviewing the form thoroughly to familiarize yourself with the different sections and requirements.

02

Provide all requested personal information, including your name, address, and contact details, in the designated fields.

03

Fill out the section asking for your employment history, including the names and addresses of your current and previous employers.

04

If applicable, provide accurate and complete information regarding your income, including salary, bonuses, commissions, and any other sources of financial support.

05

Complete the section concerning your assets, including information on savings accounts, investments, real estate, and any other valuable possessions.

06

Fill out the liabilities section, detailing any outstanding debts such as mortgages, student loans, credit card balances, and other financial obligations.

07

Answer all questions regarding the property you intend to purchase or refinance, including its address, loan amount, and purpose.

08

Include accurate financial information, such as bank statements, pay stubs, and tax returns, as required by the form instructions.

09

Double-check all the information you have provided to ensure its accuracy and completeness before submitting the form.

Who needs form 1003:

01

Individuals applying for a mortgage loan from a financial institution, such as a bank or a credit union, may be required to fill out form 1003. This form is commonly known as the Uniform Residential Loan Application.

02

Mortgage lenders use this form to gather essential information about the borrower's personal and financial background in order to assess their eligibility for a loan.

03

Additionally, the information provided on form 1003 is used to determine the loan terms, including the interest rate, repayment schedule, and any required mortgage insurance.

04

Both individuals seeking to purchase a new home and those looking to refinance an existing mortgage may need to complete form 1003 to proceed with the loan application process.

05

It is crucial to carefully fill out this form as it influences the lender's decision-making process and can greatly impact the individual's ability to secure a mortgage loan.

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What is form 1003?

Form 1003 is a Uniform Residential Loan Application used by lenders to gather information from borrowers applying for a residential mortgage loan.

Who is required to file form 1003?

Borrowers applying for a residential mortgage loan are required to file form 1003.

How to fill out form 1003?

Form 1003 should be filled out completely and accurately, providing all requested information about the borrower's financial situation.

What is the purpose of form 1003?

The purpose of form 1003 is to help lenders evaluate the creditworthiness of borrowers applying for a residential mortgage loan.

What information must be reported on form 1003?

Form 1003 requires information about the borrower's income, assets, employment history, debts, and the property being financed.

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