Form 19-24 "Authorization to Retain Real Estate" - Georgia (United States)

What Is Form 19-24?

This is a legal form that was released by the Georgia Department of Banking and Finance - a government authority operating within Georgia (United States). As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on January 1, 2014;
  • The latest edition provided by the Georgia Department of Banking and Finance;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form 19-24 by clicking the link below or browse more documents and templates provided by the Georgia Department of Banking and Finance.

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Download Form 19-24 "Authorization to Retain Real Estate" - Georgia (United States)

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Georgia Department of Banking and Finance
2990 Brandywine Road, Suite 200
Atlanta, GA 30341-5565
AUTHORIZATION TO RETAIN REAL ESTATE
(Name and Location of Credit Union)
At a meeting of the Board of Directors of the above credit union, held on the
day of
, 20
, was resolved
that the Commissioner of the Department of Banking and Finance be requested to grant an extension of time in which to dispose of the
following parcels of real estate held longer than is provided in Code Section 7-1-650(9) of the Financial Institutions Code of Georgia.
DATE OF LIEN
FINAL LOAN BALANCE
AND METHOD OF
DATE
WHEN TRANSFERRED
LOCATION AND
ACQUISITION
CURRENT
TO ORE AND INITIAL
ASSET
DESCRIPTION OF
(foreclosure, deed in
BOOK
WRITE DOWN
BECAME
lieu etc.)
PROPERTY
VALUE*
ORE
LOAN
WRITE
DATE
METHOD
BALANCE
DOWN
(1)
Why is this extension being requested? Include the additional holding period requested (not to exceed five years)
and the basis for that request. Attach a separate sheet if needed.
(2)
Is the above property posted “For Sale”? Yes_____ No_____ If not, why not?
(3)
Is the above property listed for sale with a Realtor? Yes_____ No_____
If so, please enclose copy of listing contract. If not, describe the past marketing efforts and future marketing
plans.
(4)
What is the asking price for the property? $
(5)
What is the estimated cost of carrying the above property on an annual basis? Include maintenance costs, taxes,
and other costs.
(6)
What is the estimated gross income produced by the property, and which general ledger accounts are impacted by
the income generated?
*Current book value must be supported by a copy of a current appraisal/evaluation of the property . Please attach
information disclosing the type of valuation method, valuation amount, effective date of the valuation, and supporting
documentation.
Signature of President or Secretary
FOR DEPARTMENT USE ONLY
This will be your authority to retain the above real estate until the
day of
, 20___ , subject to the
following conditions:
Date
Authorized Signature
Version 1/2014
Georgia Department of Banking and Finance
2990 Brandywine Road, Suite 200
Atlanta, GA 30341-5565
AUTHORIZATION TO RETAIN REAL ESTATE
(Name and Location of Credit Union)
At a meeting of the Board of Directors of the above credit union, held on the
day of
, 20
, was resolved
that the Commissioner of the Department of Banking and Finance be requested to grant an extension of time in which to dispose of the
following parcels of real estate held longer than is provided in Code Section 7-1-650(9) of the Financial Institutions Code of Georgia.
DATE OF LIEN
FINAL LOAN BALANCE
AND METHOD OF
DATE
WHEN TRANSFERRED
LOCATION AND
ACQUISITION
CURRENT
TO ORE AND INITIAL
ASSET
DESCRIPTION OF
(foreclosure, deed in
BOOK
WRITE DOWN
BECAME
lieu etc.)
PROPERTY
VALUE*
ORE
LOAN
WRITE
DATE
METHOD
BALANCE
DOWN
(1)
Why is this extension being requested? Include the additional holding period requested (not to exceed five years)
and the basis for that request. Attach a separate sheet if needed.
(2)
Is the above property posted “For Sale”? Yes_____ No_____ If not, why not?
(3)
Is the above property listed for sale with a Realtor? Yes_____ No_____
If so, please enclose copy of listing contract. If not, describe the past marketing efforts and future marketing
plans.
(4)
What is the asking price for the property? $
(5)
What is the estimated cost of carrying the above property on an annual basis? Include maintenance costs, taxes,
and other costs.
(6)
What is the estimated gross income produced by the property, and which general ledger accounts are impacted by
the income generated?
*Current book value must be supported by a copy of a current appraisal/evaluation of the property . Please attach
information disclosing the type of valuation method, valuation amount, effective date of the valuation, and supporting
documentation.
Signature of President or Secretary
FOR DEPARTMENT USE ONLY
This will be your authority to retain the above real estate until the
day of
, 20___ , subject to the
following conditions:
Date
Authorized Signature
Version 1/2014