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ASTFFLS refers to the Annual Statistical Tax Filing for Financial Lending Services, a report required by regulatory authorities to monitor financial trends and compliance among lending institutions.
All financial lending institutions, including banks, credit unions, and other entities that offer loans, are required to file ASTFFLS.
ASTFFLS is typically filled out using a standardized form provided by the regulatory authority, requiring information on financial transactions, loan data, and compliance metrics.
The purpose of ASTFFLS is to gather data for regulatory surveillance, ensuring transparency, and evaluating the lending practices and financial health of institutions.
ASTFFLS requires reporting on loan amounts, interest rates, borrower demographics, default rates, and other relevant financial data.
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