BACKGROUND REPORT CERTIFICATION REQUIREMENTS AND CHECKLIST

In connection with your application to control a sales finance company supervised by the New York State Banking Department, an investigative background report is required. It is the responsibility of the applicant and its principals (officers, directors, stockholders holding ten percent or more of outstanding stock, partners or individuals, as applicable), to order such reports at their own expense from an independent licensed private investigation company. If assistance is required to select a company, please contact the Licensed Financial Services Division .Please note that all background investigation reports must be provided directly to the Banking Department by the private investigation company.

New York State Banking Department
Required Background Investigation Information

No background report will be considered complete unless all the information requested below is included in the investigation report.

1. Comprehensive credit report/history (include the actual report as well as summary).

2A.* Civil Court and Bankruptcy Court records for the past 10 years.

2B.* Criminal records (felonies, misdemeanors and violations).

*Include federal, state and local courts. Such reports shall contain, at a minimum, court data from courts located in counties in which the applicant both worked and resided and all counties contiguous to those counties.

3. Education records.

4. Employment history.

5. Personal and professional references (at least three of each, excluding relatives), which must be furnished in writing.

6. Media history, if applicable (including electronic search of national and local newspapers, wire services and business publications).

7. Regulatory history, if applicable (HUD, FREDDIE MAC, State Regulators, OCC, NASD, etc.).

8. Department of Motor Vehicle records.

9. All judgments and liens filed with the county clerk (within the past ten years). Such reports shall contain, at a minimum, information on judgments and liens filed with the county clerk in counties where the applicant worked and resided and all counties contiguous to those counties.

10. Licenses granted by any governmental agency or judicial body. (Indicate if they are still in good standing.)

11. Listing of all credit relationships by the applicant such as revolving credit and established credit facilities. Indicate any credit extensions, including loans, on which the applicant is in default (more than 90 days past due).

The enclosed Certification forms relative to such background  reports shall be submitted with the application for each officer, director, stockholder owning ten percent or more of the outstanding shares, partner or individual, as applicable.

Above courtesy New York State Banking Department

Our prices depend on biographical address history of candidate. Most reports fall between from $750 to $1250. We can review candidate's address history for exact charges before beginning. Please contact us for information further.