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DSWDSBGF003 | REV 01 | 03 OCT 2022(Letterhead of DSWD/ Government Agency)CERTIFICATION OF NO DEFAULT OR DELAY IN LIQUIDATING FUNDS (For CSO who was a coimplementer of projects and/or programs with
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How to fill out certification of no default

01
Obtain the certification form from the relevant authority or organization.
02
Fill in the basic personal or organizational information such as name, address, and contact details.
03
Provide details about any loans or financial obligations you have.
04
Confirm whether you have any defaults on loans by checking financial records.
05
Sign and date the certification, affirming that the information provided is accurate.
06
Submit the completed form to the relevant authority or organization.

Who needs certification of no default?

01
Individuals or organizations applying for loans.
02
Businesses seeking to establish credibility with potential partners or clients.
03
Landlords or property owners when renting out properties.
04
Government agencies requiring proof of financial responsibility.
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Certification of no default is a document that confirms an individual or entity is not in default on any debt obligations. It serves as proof of financial responsibility and compliance.
Typically, entities such as borrowers, contractors, or applicants for certain types of financing or grants are required to file a certification of no default, especially when seeking funding or bids.
To fill out a certification of no default, one must complete the designated form, providing accurate information about financial obligations, confirming the absence of defaults, and signing the document to validate the statements made.
The purpose of certification of no default is to assure lenders, investors, or granting agencies that the party applying for financial assistance is currently meeting all debt obligations and has not defaulted on any prior agreements.
The information that must be reported typically includes identifying details of the individual or entity, a statement regarding any defaults on obligations, and any relevant financial details demonstrating compliance.
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