Land Sales Application {IL 505-0444} | Pdf Fpdf Doc Docx | Illinois

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Land Sales Application {IL 505-0444} | Pdf Fpdf Doc Docx | Illinois

Last updated: 4/13/2015

Land Sales Application {IL 505-0444}

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STATE OF ILLINOIS LAND SALES REGISTRATION ACT OF 1999 FILING INSTRUCTIONS The following instructions must be followed when completing the Land Sales Registration Act of 1999 [765 ILCS 86] application. FAILURE TO COMPLY WITH THESE INSTRUCTIONS WILL RESULT IN A DELAY IN THE PROCESSING OF YOUR APPLICATION. 1. All questions on the Land Sales application must be answered fully. If the question does not apply, so indicate by stating "NOT APPLICABLE." Spaces may be enlarged or extended to provide a comprehensive explanation. Additional pages may be used to fully explain a question and additional information may be added, if necessary. An amendment to an existing registration may incorporate by reference information or documentation contained in a previous filing if such filing was on property contiguous to the present filing. Registration applications shall be filed on good quality, unglazed, 8 ½ x 11 or legal size white paper, with a 1" margin at the top and sides. Information shall be typed in black ink, using a standard size of type. Deeds, title policies, maps, plots, and other supporting documents must be reduced to a size which allow them to be neatly folded and bound with the application. The filing must be in stiff folder through which a metal fastener will bind the entire filing at the top. Attachments I, II, and III set forth the supporting documentation required for each type of registration. The supporting documentation shall be attached as exhibits. Each exhibit shall be identified by affixing a tab on the right side of the cover sheet of the exhibit. Such identification shall conform to the alphabetical format of Attachment I, II, or III. There shall be an "Index to Exhibits" which shall be the cover page and should list in order all of the exhibits and supplementary materials in the filing. If the information in an exhibit is applicable to more than one part of the Questionnaire, the developer may incorporate that information by reference to the appropriate exhibit. If an item in the application is supported by information in an exhibit, place the appropriate identification in the space immediately following the item in the application. Whenever an item in the application requires a summary or statement of terms, such summary or statement must be presented in a clear and concise manner. Where documentation required in Attachment I, II, or III does not apply, in lieu of an exhibit, the application shall insert a page reciting the exhibit identification and description as set forth in Attachment I, II, or III hereof and indicate thereon "NOT APPLICABLE." Where required documentation cannot be obtained, the applicant must furnish a letter of explanation. There shall be a balance sheet and profit and loss statement dated within 90 days of this application and certified by the Chief Financial Officer of the developer. If the subdivision is not registered with the Bureau of Consumer Financial Protection, Interstate Land Sales (CFPB ­ ILS), refer to Attachment I for supporting documentation requirements. 2. 3. 4. 5. 6. 7. 8. FILINGS APPROVED BY CFPB ­ ILS If the subdivision is registered with the Bureau of Consumer Financial Protection, Interstate Land Sales, a shortened filing procedure is available. Refer to Attachment II. NOTE: Previously, consumer protection functions were administered and enforced by the U.S. Department of Housing and Urban Development, Office of Interstate Land Sales Registration. FILINGS APPROVED BY ANOTHER JURISDICTION AUTHORIZED BY IDFPR If the subdivision is registered in another jurisdiction authorized by the Department, a shortened filing procedure is available. Refer to Attachment III. IL 505-0444 (Rev. June 2014) American LegalNet, Inc. FOR OFFICIAL USE ONLY ILLINOIS DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION DIVISION OF REAL ESTATE 320 WEST WASHINGTON STREET SPRINGFIELD, ILLINOIS 62786 LAND SALES REGISTRATION ACT OF 1999 LAND SALES APPLICATION IMPORTANT NOTICE: Completion of this form is necessary to accomplish the requirements outlined in [765 ILCS 86]. Disclosure of this information is REQUIRED. Failure to provide any information will result in a delay in processing. Submission of false information may subject the affiant to prosecution under applicable perjury statutes. This form has been approved by the Agency Forms Coordinator. PLEASE CHECK ONE: CHECK TYPE OF OWNERSHIP: INITIAL REGISTRATION AMENDMENT TO PREVIOUS REGISTRATION 1. DEVELOPER INDIVIDUAL PARTNERSHIP CORPORATION FOREIGN CORPORATION LIMITED LIABILITY COMPANY a. Name of developer: Address of developer: b. Telephone No: ( ) c. F.E.I.N. or Social Security No: d. If incorporated, state where and when: e. If a foreign corporation, have you qualified to do business in Illinois? f. Indicate status of applicant: OWNER DEVELOPER YES AGENT NO g. If other than owner, explain and fully identify owner: h. Indicate name and mailing address to whom correspondence should be directed: Email: 2. SUBDIVISION a. Common promotional name: b. List properties in this filing: c. Indicate number of lots in this filing: d. Indicate number of lots in any previous filing for this subdivision: e. Indicate, in square feet, the dimensions of the smallest lot: f. Indicate minimum road frontage: g. Indicate acreage in entire subdivision: h. Indicate gross acreage in this filing: i. Indicate number of dwellings in the subdivision at the time of filing: IL 505-0444 (Rev. June 2014) American LegalNet, Inc. 3. LOCATION a. Indicate county, state, and country in which subdivision is located: b. What is the nearest town: c. Give the route and road mileage from the nearest town to the lands in the filing: 4. TITLE a. Are there any mortgages, trusts, liens or other encumbrances? b. If yes, give full particulars: YES NO 5. PLATTING a. Are the lands in this filing platted of record? b. If yes, did such plating require prior approval or acceptance by a government agency? c. If yes, indicate name and location of government agency: YES NO YES NO d. What government entity, if any, has agreed to accept maintenance of the roads and drainage? e. Will you be required to obtain permits, licenses or approvals in order to develop the property in this offering? YES NO If yes, please give full details including whether you have already obtained such, and the name and address of the government entity requiring them: 6. IMPROVEMENTS a. What improvements have been promised or completed o

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