Form of application for deposits requires depositor declaration that funds are not borrowed before company accepts or renews deposits. Companies must not accept or renew any deposit unless the intending depositor submits an application in a company-specified form, and that application ... Summary
Form of application for deposits requires depositor declaration that funds are not borrowed before company accepts or renews deposits.
Companies must not accept or renew any deposit unless the intending depositor submits an application in a company-specified form, and that application must include a declaration that the deposit is not made from money borrowed from any other person.
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