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LOAN CAT CODE TO FAFIEC CALL REPORT DEFINITIONS As of Jan 2018No.1 2Existing CMS Category Code and Description550/551 (Loans to Mini) 705/805 (Ag)3Call Report AlignmentCall Report DefinitionDirectionsComments8.
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Obligations of states refer to the responsibilities and duties that a state must fulfill under specific laws, regulations, or agreements, typically in relation to reporting and compliance in tax or environmental matters.
Generally, businesses and individuals who meet certain criteria set by state laws or regulations are required to file obligations of states, often based on their income, activities, or residency.
To fill out obligations of states, one must gather necessary information such as income details, business activities, and other required documentation, then complete the designated forms as prescribed by the state authority and submit them by the deadline.
The purpose of obligations of states is to ensure compliance with state laws, facilitate proper tax collection, promote accountability, and support the enforcement of regulatory requirements.
Information that must be reported typically includes income statements, deductions, credits, business activities, and any other relevant financial data as required by state regulations.
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