The Full Payment Certificate (FPC) Application serves as a critical document within the City of Chicago's Department of Finance, establishing a comprehensively structured process for transferring property ownership. Located at 333 South State Street, the department stipulates stringent requirements including separate applications for each property to be transferred, along with a modest fee of $50 per account which is exempted under certain conditions, notably if the property is not subject to the City of Chicago Real Property Transfer Tax. This form necessitates detailed information about the premises in question, encompassing address, property index number, and water account number, alongside specifying the type of property involved, such as single-family homes, condominiums, apartments, mixed-use, and more, making it essential for various property transitions within the city. Additionally, it mandates the inclusion of supporting documentation tailored to the nature of the property or transaction, enhancing the verification process. The application underscores the importance of scheduled meter readings to ensure accurate billing—a measure that facilitates a smoother transition of financial responsibilities. It engages both the seller and buyer in its rigorous process, requiring detailed information from both parties, further involving the preparer of the application, to ascertain accuracy and accountability at every step. This document is not just a formality but a critical tool in transferring property responsibly and ensuring all financial obligations are met, thereby fostering a transparent and efficient real estate environment within the bustling metropolis of Chicago.
| Question | Answer |
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| Form Name | Full Payment Certificate Form |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | chicago full payment certificate, fpc fullpayment certificate, payment certificate application, chicago full payment certificate application |
FULL PAYMENT CERTIFICATE APPLICATION
City of Chicago Department of Finance
333 South State Street- Suite 330
Phone: (312)
CERTIFICATE #: |
DATE: |
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APPLICATIONS ARE REQUIRED FOR ALL TRANSFERS OF PROPERTY. SEPARATE APPLICATIONS ARE REQUIRED FOR EACH PROPERTY TO BE TRANSFERRED.
FPC Fee $50 per account. The FPC fee is waived if the subject property is exempt from the City of Chicago Real Property Transfer Tax. APPLICATION # ______ OF ______ (Qty)
1.PREMISES INFORMATION
PREMISES ADDRESS(ES): __________________________________________________________________________________________________________________________________________________________________________________
PROPERTY INDEX # (S): __________________________________________________________________________________ WATER ACCOUNT # (S): __________________________________________________________________________
CHECK ALL APPLICABLE: o SINGLE FAMILY HOME o
o VACANT LOT o CORNER PROPERTY o MULTIPLE PINs o FORECLOSURE o TAX SALE o RECEIVERSHIP o TRANSFER TAX EXEMPT Exemption #_________________
o OTHER Describe______________________________________
2.SUPPORTING DOCUMENTATION REQUIRED
(CHECK TO CONFIRM THE ATTACHMENT OF SUPPORTING DOCUMENTS REQUIRED FOR PROCESSING.)
DOCUMENT |
REQUIRED FOR |
o LEGAL DESCRIPTION |
- COMMERCIAL, MIXED USE, CORNER PROPERTY, CONDO CONVERSION, MULTIPLE PINs, APT BLDG ≥ 6 UNITS |
o PLAT OF SURVEY |
- NEW CONSTRUCTION, INDUSTRIAL, VACANT LAND, RAILROAD, OTHER |
o COURT ORDER/DEED |
- FORECLOSURE, TAX SALE, RECEIVERSHIP |
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4. BUYER INFORMATION |
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3.SCHEDULED METER READING SUPPLY INFORMATION FOR A LOCAL CONTACT PERSON WHO IS ABLE TO PROVIDE ACCESS TO THE PROPERTY FROM 7 AM - 3:30 PM, MON - FRI.
NAME: _________________________________
PHONE: ________________________________
NAME: ___________________________________________________________________ EMAIL: ____________________________________________________________________________ PHONE: __________________________________
BUYER REQUESTS FUTURE BILL BE MAILED TO:
NAME: __________________________________________________________________________________ ADDRESS: _____________________________________________________________________________________________________
5.SELLER INFORMATION
NAME: ___________________________________________________________________ EMAIL: ____________________________________________________________________________ PHONE: __________________________________
6.PREPARER INFORMATION
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NAME/COMPANY: __________________________________________________________ EMAIL: ____________________________________________________________________________ PHONE: __________________________________ |
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____________________________________________________________________________________________________ |
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PRINT NAME |
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SIGNATURE (CIRCLE ONE) S E L L E R / B U Y E R / A T T O R N E Y / A G E N T |
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Water Acct#: __________________________________________ |
Water Charge $ ______________ |
FPC Charge $: ______________ |
OFFICEUSE |
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Water Acct#: __________________________________________ |
Water Charge $ ______________ |
FPC Charge $: ______________ |
ONLY |
Water Acct#: __________________________________________ |
Water Charge $ ______________ |
FPC Charge $: ______________ |
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Based Upon o FINAL METER READING TAKEN ____/____/______ |
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1. CLOSING BASED UPON A FINAL METER READING MUST OCCUR WITHIN 60 DAYS OF EITHER: (A) THE FINAL READING DATE, OR (B) THE AUTHORIZATION DATE, WHICHEVER IS EARLIER
2. CLOSING BASED UPON A
3. ATTORNEYS ARE RESPONSIBLE FOR PRORATING FROM THE DATE ABOVE TO THE DATE OF CLOSING. CHARGES THAT ACCRUE AFTER THIS DATE WILL BE TRANSFERRED TO THE BUYER. CERTIFICATION AUTHORIZED BY: ____________________________________________ AUTHORIZATION DATE: ____/____/______ FPC COMPLETION DATE: ____/____/______
ACKNOWLEDGMENT - Applicant, as named above, requests that the City of Chicago update its billing records to reflect the transfer or pending of the premises that is the subject of this Application. Applicant agrees to pay the amount for water service listed above plus $50.00 processing fee. If new service charges accrue to the account prior to transfer of ownership of the subject property, the Department of Finance reserves the right to recalculate the balance owed. Under penalties provided by law pursuant to Section
Applicant, affirms that he, she or it acquired the property listed above pursuant to a judicial deed subsequent to a judicial foreclosure action. The Full Payment Certificate that transfers the above listed premises due to a Judicial Deed to the above named Grantee will reflect zero balance as of the execution date shown on the Judicial Deed. This Full Payment Certificate does not relieve the above listed Grantee of any service charges that have accrued or will accrue after the execution date of Judicial Deed.
This full payment certificate applies only to the water account specifically listed in this box.
Initial here if property acquire pursuant to judicial deed
IMPORTANT INFORMATION AND INSTRUCTIONS FOR COMPLETING THIS APPLICATION ARE PROVIDED ON THE BACK OF THIS FORM.
White - Cashier’s Copy Yellow - Customer’s Copy Pink - Audit Units Copy Gold - Data Processing’s Copy
INFORMATION AND INSTRUCTIONS FOR COMPLETING THE FULL PAYMENT CERTIFICATE
1. PREMISES INFORMATION
Premises Addresses(s): List address(es) of property. For Condominium or Townhouse, include the precise unit number.
Property Index Number(s): Provide all the P.I.N.s that are identiied with the property address(es) listed. P.I.N.s may be obtained from the property tax bill or the Cook County
Assessor.
Water Account Number(s): Provide the City of Chicago Water Account numbers for the property address(es) listed if known.
CHECK ALL APPLICABLE: Check all categories which apply to the property. For example, if the property is a 5 unit Apartment Building on a corner, check both APT BLDG<6 UNITS and CORNER PROPERTY; if it is a single family dwelling for reinancing only, check SINGLE FAMILY HOME and REFINANCE ONLY; if it is a foreclosure property transaction, check FORECLOSURE and TRANSFER TAX EXEMPT, etc.
their water bill through the Association. Further: (a) If the Association’s account relects no past due balance, an FPC will be issued without additional documentation; (b) if the Association’s account relects a past due balance, a formal “Paid Assessment Letter” is required. The Association balance may be obtained by calling (312)
TRANSFER TAX EXEMPT: Check this box if the property transfer is exempt from the CITY OF CHICAGO Real Property Transfer Tax Stamp (Municipal Code
indicate in the blank the exact code letter found on Page 2 of the Real Property Transfer Tax (RPTT) Declaration (form 7551) which describes the appropriate category for the property exemption. Contact the Department of Finance Tax division for more information concerning exemptions. The FPC fee is waived if the subject property is exempt from the City of Chicago Real Property Transfer Tax.
2. SUPPORTING DOCUMENTATION
Check the document category that corresponds to the property or transaction type listed and submit the required document(s) with the application. For NEW CONSTRUCTION, REHABS AND CONDO CONVERSIONS: a) All necessary plumbing permits must be obtained; (b) the Meter(s) must be set by a licensed, bonded plumbing contractor; (c) the Meter(s) must be “controlled” by the Meter Shop – necessary arrangements may be made by calling (312)
SPECIAL NOTE: In addition, it is possible that after ield review, properties not listed in the documentation categories may still require additional documents, such as Legal
descriptions and/or Plats of Survey to be submitted in order for the application to be processed.
3. SCHEDULE METER READING
Provide the necessary information if the property has a metered water service and there has not been a meter reading within the last 60 days. Applications requiring a meter read
should be submitted well in advance of the closing date.
Name/ Local Daytime Phone: Provide the name and local phone of a contact person who can provide access to the property so that a meter reading can be taken. This person
must be available to provide access on the scheduled reading date between the hours of 7 AM and 3:30 PM.
4. BUYER INFORMATION
Provide the name of the buyer, current contact phone and email address. Provide name of buyer’s attorney and phone number. Under BUYER REQUESTS FUTURE BILLS
BE MAILED TO, provide the exact address to which the buyer wishes the bills to be mailed. Clearly indicate if bills are to be sent in care of (c/o) a party or entity other than the buyer.
5. SELLER INFORMATION
Provide the name of the seller, current address, contact phone and email address. Provide the name of the seller’s attorney and contact phone.
6. PREPARER INFORMATION
Provide the name of the person and the company or irm they represent who is preparing the application, address, contact phone and email address.
7. ACKNOWLEDGEMENT
Applicant must print name, sign and indicate the relationship to the transaction (seller, buyer, preparer, attorney, etc.).
ADDITIONAL INFORMATION:
FPC applications for Foreclosures, Tax Deeds, HUD properties, VA properties or Receiverships and requests related to Bankruptcies, Lien Releases and Payoff Letters must be directed
to the FPC Legal Services unit- PHONE: (312)
FPC APPLICATIONS BY FAX: Fax all applications to: (312)
for processing.