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Eastern Michigan University Financial Statement of Responsibility and Financial Affidavit of Support International Admissions (FINE / FAST) This form is used for F1 or F3 student VISA applicants who

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How to fill out financial statement of responsibility

01

To fill out a financial statement of responsibility, follow these steps:

02

Begin by providing your personal information, such as your name, address, and contact details.

03

Indicate the purpose of the financial statement, whether it is for a loan application, rental agreement, or other financial transaction.

04

List your sources of income, including your job salary, investments, and any other sources of revenue.

05

Declare your assets, such as properties, vehicles, and valuable possessions.

06

Disclose your liabilities, which may include loans, mortgages, credit card debts, or any other outstanding financial obligations.

07

Calculate your net worth by subtracting your liabilities from your assets.

08

Provide details of your financial history, including previous loans, bankruptcies, or any legal issues related to finances.

09

Review and double-check all the information filled in the financial statement for accuracy and completeness.

10

Sign and date the document to certify that the provided information is true and accurate.

11

Submit the financial statement to the appropriate recipient or authority as required.

Who needs financial statement of responsibility?

01

A financial statement of responsibility may be required by various entities or individuals, including:

02

- Lenders or financial institutions when applying for a loan

03

- Landlords or property owners during the rental application process

04

- Investors or business partners in evaluating financial viability

05

- Government agencies for certain licensing or permit applications

06

- Courts or legal entities in cases involving financial disputes or obligations

07

- Immigration authorities as part of visa or residency applications

08

- Insurance companies when applying for certain policies

09

- Educational institutions for scholarship or financial aid applications

10

- Individuals or organizations involved in financial transactions requiring proof of financial stability.

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What is financial statement of responsibility?

The financial statement of responsibility is a document that outlines an individual or organization's financial obligations and commitments.

Who is required to file financial statement of responsibility?

Individuals or organizations who have financial obligations or commitments are required to file a financial statement of responsibility.

How to fill out financial statement of responsibility?

To fill out a financial statement of responsibility, one must provide details of their financial obligations, income, expenses, assets, and liabilities.

What is the purpose of financial statement of responsibility?

The purpose of a financial statement of responsibility is to provide transparency and accountability regarding an individual or organization's financial situation.

What information must be reported on financial statement of responsibility?

Information such as income, expenses, assets, liabilities, and financial obligations must be reported on a financial statement of responsibility.

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