The BB&T Personal Financial Statement is a comprehensive document designed by Branch Banking and Trust Company to assess the financial stability of its potential or current borrowers. This personal financial statement form requires applicants to provide a valid driver's license or state ID, social security card, loan specifics, employment details, and extensive asset declarations. It covers schedules for deposit accounts, life insurance, marketable stocks and bonds, closely held corporation shares, vehicles, boats, machinery, equipment, real estate, and other personal assets. The financial statement also requires documentation of vested interests in pension and retirement accounts, detailed income sources from all streams, and complete contingent liabilities such as endorsements or guarantees on other loans. Borrowers must update BB&T with any significant changes to their financial status, maintaining the accuracy of their personal financial statement. The completed form helps BB&T make informed lending decisions based on the borrower's overall net worth and financial health.
| Question | Answer |
|---|---|
| Form Name | Bbt Online |
| Form Length | 4 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 1 min |
| Other names | bb t personal financial statement, bb t personal statement, bb t bank statement template, bbandt personal financial |
