Illinois Sworn Statement Form PDF Details

In Illinois, managing construction or home improvement projects involves meticulous documentation, one vital piece of which is the Illinois Sworn Statement form provided by the Greater Illinois Title Company. This form serves as a declaration from contractors and subcontractors regarding their role and financial dealings within a project, ensuring transparency and accountability to the property owners and to the Greater Illinois Title Company itself. It requires a detailed account of the contractual relationship between the project owner and the contractors, including a comprehensive breakdown of payments due, materials supplied, and labor performed. The document must be notarized, making it a legally binding attestation to the accuracy of the reported information. It outlines the total amount of the original contract, work completed to date, any extras to the contract, payments already made, and the balance remaining. It also emphasizes the importance of supplying Waivers of Lien upon request, to secure the property owner against any potential liens. By insisting on this form before each payment, the Greater Illinois Title Company enforces a structured process that minimizes financial disputes and clarifies the financial obligations of all parties involved in the construction or improvement of real estate properties in Illinois.

QuestionAnswer
Form NameIllinois Sworn Statement Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namessworn statement subcontractor, sworn statement for contractor and subcontractor to owner, contractor sworn statement illinois, blank sworn statement form

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GREATER ILLINOIS TITLE COMPANY

SWORN STATEMENT OF CONTRACTOR AND SUBCONTRACTOR

TO OWNER AND TO GREATER ILLINOIS TITLE COMPANY

STATE OF ILLINOIS

} ss.

COUNTY OF _________________________

Page___________ of ___________ Pages

The affiant, _____________________________________________________________________________ being first duly sworn, on oath deposes

and says that he is _______________________________________________________________________________________________________

of _________________________________________________________________________________________________that ___________ has

contract with __________________________________________________________________________________ , owner ______________ for

______________________________________________________________________________________________________________________

on the following described premises in said County, to wit:________________________________________________________________________

That, for the purposes of said contract, the following persons have been contracted with, and have furnished, or are furnishing and preparing materials for, and have done or are doing labor on said improvement. That there is due and to become due them, respectively, the amounts set opposite their names for materials or labor as stated. That this statement is a full, true and complete statement of all such persons, the amounts paid

and the amounts due or to become due to each.

 

 

 

 

 

 

1

2

3

4

5

6

7

 

 

 

Amount of

Retention

Net of Previous

Net Amount

Balance To

 

Name and Address

Kind of Work

Become Due

 

Contract

(inc. Current)

Payments

This Payment

 

 

 

(Inc. Retentions)

 

 

 

 

 

 

 

TOTAL

 

 

 

 

AMOUNT OF ORIGINAL CONTRACT

$ ___________________ WORK COMPLETED TO DATE

$ ___________________

EXTRAS TO CONTRACT

$ ___________________

LESS ____________% RETAINED

$ ___________________

NET AMOUNT EARNED

$ ___________________

TOTAL CONTRACT AND EXTRAS

$ ___________________

 

 

 

NET PREVIOUSLY PAID

$ ___________________

CREDITS TO CONTRACT

$ ___________________

NET AMOUNT OF THIS PAYMENT

$ ___________________

ADJUSTED TOTAL CONTRACT

$ ___________________

BALANCE TO BECOME DUE (Inc. Retention) $ ___________________

 

 

It is understood that the total amount paid to date plus the amount requested in this application shall not exceed _______% of the cost of work

completed to date.

I agree to furnish Waivers of Lien for all materials under my contract when demanded.

SIGNED ______________________________________________ POSITION _____________________________________________________

Subscribed and sworn to before me this __________________________ day of ______________________ , ____________

SEAL:

_____________________________________________________________

Notary Public

The above sworn statement should be obtained by the owner before each and every payment.

Copyright ©2005 Greater Illinois Title Company. All Rights Reserved. http://gitc.com/forms/ Compliments of Greater Illinois Title Company; for Internal and External Use.

Universal Doc Ref: GP_IEF0027-20050804-R1-0

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With regards to the blank fields of this specific document, here's what you need to know:

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Part # 1 in filling in contractor sworn statement illinois

2. Once your current task is complete, take the next step – fill out all of these fields - TOTAL, AMOUNT OF ORIGINAL CONTRACT, EXTRAS TO CONTRACT, TOTAL CONTRACT AND EXTRAS, CREDITS TO CONTRACT, ADJUSTED TOTAL CONTRACT, WORK COMPLETED TO DATE LESS, NET PREVIOUSLY PAID NET AMOUNT, It is understood that the total, and I agree to furnish Waivers of Lien with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

Step # 2 for filling out contractor sworn statement illinois

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3. In this part, have a look at I agree to furnish Waivers of Lien, SIGNED POSITION, SEAL, Subscribed and sworn to before me, The above sworn statement should, Notary Public, Copyright Greater Illinois Title, and Universal Doc Ref GPIEFR. Each of these will need to be filled out with utmost precision.

contractor sworn statement illinois conclusion process outlined (step 3)

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