Form Ps 15 PDF Details

At the heart of financial transparency and accountability, especially when seeking credit, lies the detailed provision of one’s economic state through formal documentation. Among such documents, the PS 15 form serves as a crucial tool, enabling individuals or parties considering joint credit to comprehensively outline their financial status to lenders. By meticulously categorizing assets and liabilities into well-defined sections – ranging from cash on hand, life insurance cash values, to more complex items like marketable securities and real estate owned – the form provides a structured framework for the disclosure of financial information. Additionally, it extends to estimating annual incomes and expenses, thereby giving lenders a rounded view of an applicant's financial health. Critical to this form is the necessity for accuracy, as any willful misrepresentation can lead to serious legal consequences under federal law. Furthermore, it emphasizes the importance of updating the lender with any significant changes in financial condition, underscoring the dynamic nature of personal finance. The PS 15 form, therefore, stands not just as a mere procedural necessity but as a reflection of one’s financial integrity and responsibility towards potential lenders.

QuestionAnswer
Form NameForm Ps 15
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesexpere bankers systems forms, how form ps 1583, form 15 ps, bankers systems forms

Form Preview Example

TO

 

 

 

TYPE OF CREDIT - CHECK THE APPROPRIATE BOX

(Name of Lender)

 

l

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individual - If you check this box, provide Financial Information only about yourself.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

l

 

 

 

 

 

 

 

 

 

 

 

Relationship

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If you check this box, provide Financial Information about

Joint, with

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

yourself and the other person.

PERSONAL FINANCIAL STATEMENT OF

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NOTE: Any willful misrepresentation could result in a violation of Federal Law (Sec. 18 U.S.C. 1014)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Birth

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

 

 

 

 

 

 

 

 

 

Statement Date

 

 

 

 

 

 

Address

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City

 

 

 

 

 

 

 

 

State/Zip

 

 

Social Sec. No.

 

 

 

Home Phone

 

 

No. of Dependents

 

 

 

Bus. or Occupation

 

 

 

 

 

 

 

 

 

Bus. Phone

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NOTE: Complete all of Section II BEFORE Section I

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SECTION I

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

THOU-

 

HUN-

 

 

CENTS

 

 

 

 

 

 

LIABILITIES

 

 

 

 

THOU-

HUN-

CENTS

 

 

 

 

 

 

 

 

 

 

SANDS

 

DREDS

 

 

 

 

 

 

 

 

 

 

 

 

SANDS

DREDS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

Cash On Hand & in Banks

 

 

Sec. II-A

 

 

 

 

 

 

 

 

 

 

 

21

Notes Due to Banks

 

Sec. II-A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2

Cash Value of Life Insurance

 

 

Sec. II-B

 

 

 

 

 

 

 

 

 

 

 

22

Notes Due to Relatives & Friends

Sec. II-H

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3

U.S. Gov. Securities

 

 

 

 

 

Sec. II-C

 

 

 

 

 

 

 

 

 

 

 

23

Notes Due to Others

 

Sec. II-H

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4

Other Marketable Securities

 

 

Sec. II-C

 

 

 

 

 

 

 

 

 

 

 

24

Accounts & Bills Payable

 

Sec. II-H

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5

Notes & Accounts Receivable - Good

 

 

Sec. II-D

 

 

 

 

 

 

 

 

 

 

 

25

Unpaid Income Taxes Due - l Federal

l State

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6

Other Assets Readily Convertible to Cash - Itemize

 

 

 

 

 

 

 

 

 

 

 

26

Other Unpaid Taxes & Interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

27

Loans on Life Insurance Policies

 

Sec. II-B

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

28

Contract Accounts Payable

 

Sec. II-H

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

29

Cash Rent Owed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10

 

 

 

TOTAL CURRENT ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

30

Other Liabilities Due within 1 Year - Itemize

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11

Real Estate Owned

 

 

 

 

 

Sec. II-E

 

 

 

 

 

 

 

 

 

 

 

31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12

Mortgages & Contracts Owned

 

 

Sec. II-F

 

 

 

 

 

 

 

 

 

 

 

32

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13

Notes & Accounts Receivable - Doubtful

Sec. II-D

 

 

 

 

 

 

 

 

 

 

 

33

TOTAL CURRENT LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14

Notes Due From Relatives & Friends

 

 

Sec. II-D

 

 

 

 

 

 

 

 

 

 

 

34

Real Estate Mortgages Payable

 

Sec. II-E

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15

Other Securities - Not Readily Marketable

Sec. II-C

 

 

 

 

 

 

 

 

 

 

 

35

Liens & Assessments Payable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

16

Personal Property

 

 

 

 

 

Sec. II-G

 

 

 

 

 

 

 

 

 

 

 

36

Other Debts - Itemize

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

17

Other Assets - Itemize

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

38

Total Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

39

Net Worth (Total Assets minus Total Liabilities)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

20

 

 

 

TOTAL ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

40

TOTAL LIABILITIES & NET WORTH

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ANNUAL INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATE OF ANNUAL EXPENSES

 

 

Salary, Bonuses & Commissions

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Taxes

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends & Interest

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Taxes

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rental & Lease Income (Net)

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Premiums

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Alimony, child support, or separate maintenance income need not be revealed if

 

 

Mortgage Payments

 

$

 

 

 

 

you do not wish to have it considered as a basis for repaying this obligation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income - Itemize

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rent Payable

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provide the following information only if Joint Credit is checked above.

 

 

 

 

 

Other Expenses

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Persons Salary, Bonuses & Commissions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Alimony, child support, or separate maintenance income need not be revealed if

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

you do not wish to have it considered as a basis for repaying this obligation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income of Other Person - Itemize

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GENERAL INFORMATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CONTINGENT LIABILITIES

 

 

Are any Assets Pledged?

l No l Yes (See Section II)

 

 

 

 

 

 

 

 

 

 

 

As Endorser, Co-maker or Guarantor

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Are you a Defendant in any Suits or Legal Actions? l No

l Yes

 

 

 

 

 

On Leases or Contracts

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Explain):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Legal Claims

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Have you ever been declared Bankrupt in the last 10 years?

l No

l Yes

 

 

Federal - State Income Taxes

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Explain):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other -

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SECTION II

 

 

 

 

 

 

 

 

 

 

 

 

 

A CASH IN BANKS AND NOTES DUE TO BANKS

 

 

(List all Real Estate Loans in Section II-E)

 

 

 

 

 

 

 

 

 

 

 

NAME OF BANK

 

 

 

Type of Account

Type of Ownership

On Deposit

Notes Due Banks

COLLATERAL (If Any) & Type of Ownership

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash on Hand

(Complete Rest of Section II on Reverse Side)

TOTALS

$

$

$

(Enter Sec. 1 Line 1) (Enter Sec. 1 Line 21)

-Wolters Kluwer Financial Services - Bankers Systems* Form PS-15 2/26/2001

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This document will require some specific information; in order to guarantee accuracy, be sure to pay attention to the suggestions just below:

1. Start completing your form 15 ps with a number of essential blank fields. Collect all of the necessary information and make sure absolutely nothing is missed!

Filling out section 1 in bankers systems forms

2. The third stage is to complete all of the following fields: Personal Property, Other Assets Itemize, TOTAL ASSETS, Sec IIG, Other Debts Itemize, Total Liabilities, Net Worth Total Assets minus Total, TOTAL LIABILITIES NET WORTH, ANNUAL INCOME, ESTIMATE OF ANNUAL EXPENSES, Salary Bonuses Commissions, Dividends Interest, Rental Lease Income Net Alimony, Provide the following information, and Other Persons Salary Bonuses.

bankers systems forms conclusion process clarified (portion 2)

3. This next step will be straightforward - fill in all the fields in A CASH IN BANKS AND NOTES DUE TO, SECTION II List all Real Estate, NAME OF BANK, Type of Account, Type of Ownership, On Deposit, Notes Due Banks, COLLATERAL If Any Type of, Complete Rest of Section II on, TOTALS, Enter Sec Line, Enter Sec Line, Wolters Kluwer Financial Services, Form PS, and Cash on Hand in order to complete this process.

Completing section 3 in bankers systems forms

4. This next section requires some additional information. Ensure you complete all the necessary fields - COMPANY, Face of Policy, Cash Surrender Value, Policy Loan from, Insurance Co, Other Loans, Policy as Collateral, BENEFICIARY, C SECURITIES OWNED Face Value, Indicate those Not Registered in, DESCRIPTION, TOTALS, Enter Sec Line, Enter Sec Line, and Including US Govt Bonds and all - to proceed further in your process!

Filling out part 4 of bankers systems forms

Be extremely careful while completing Indicate those Not Registered in and Face of Policy, since this is where a lot of people make mistakes.

5. This document has to be finalized with this part. Here you'll see a comprehensive listing of form fields that require accurate information in order for your form submission to be complete: E REAL ESTATE OWNED, Indicate by a, if Others have an Ownership, TOTALS, Enter Sec Line, Enter Sec Line Enter Sec Line, TITLE IN NAME OF, Description Location, Date, Acquired, Original, Cost, Present Value of Real Estate, Amount of Ins Carried, and MORTGAGE OR CONTRACT PAYABLE.

bankers systems forms conclusion process outlined (step 5)

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