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Date:Re: Source of Funds DiscriminationDear ___,Source of funds became a protected class in the Virginia Fair Housing Law on July 1, 2020. It is unlawful to discriminate against a renter or homebuyer
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How to fill out source of funds

01
Gather all necessary documents such as bank statements, pay stubs, investment information, etc.
02
Clearly document where the funds are coming from, whether it's through employment, investment returns, gifts, inheritance, etc.
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Provide explanation for any large deposits or transfers that may be flagged as suspicious.
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Be thorough and honest in providing information about the source of funds to ensure compliance with regulations.

Who needs source of funds?

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What is Source of Funds - A Protected Class in Virginia Form?

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Source of funds refers to the origins of the money being used in a transaction or investment, detailing where the funds came from.
Individuals and entities engaged in financial transactions, investments, or business activities that involve significant amounts of money are typically required to file source of funds.
To fill out the source of funds, provide details regarding the origin of the funds, including bank statements, sale documents, or financial declarations that verify the source.
The purpose of source of funds is to ensure transparency, prevent money laundering, and verify the legality of the funds used in financial transactions.
The information that must be reported includes the amount of funds, description of the source, supporting documents, and any related transactions.
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