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Form 1072 (1055) Authorization for Automatic Transfer of Funds
What Is Form 1072 (1055)?
This is a legal form that was released by the Federal National Mortgage Association (Fannie Mae) on March 1, 2021 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form 1072 (1055)?A: Form 1072 (1055) is the Authorization for Automatic Transfer of Funds.
Q: What is the purpose of Form 1072 (1055)?A: The purpose of Form 1072 (1055) is to authorize the automatic transfer of funds from one account to another.
Q: Who should use Form 1072 (1055)?A: Form 1072 (1055) should be used by individuals or businesses who want to set up automatic transfers of funds.
Q: Is there a fee for using Form 1072 (1055)?A: There may be fees associated with using Form 1072 (1055), depending on the financial institution.
Q: Are there any restrictions on the types of accounts that can be used with Form 1072 (1055)?A: There may be certain restrictions on the types of accounts that can be used with Form 1072 (1055). It is best to check with your financial institution for specific requirements.
Q: What information is required on Form 1072 (1055)?A: Form 1072 (1055) typically requires information such as account numbers, names of account holders, and authorization for the transfer of funds.
Q: Can I cancel or modify the automatic transfer set up with Form 1072 (1055)?A: Yes, you can typically cancel or modify the automatic transfer set up with Form 1072 (1055) by contacting your financial institution.
Q: How long does it take for the automatic transfer to take effect?A: The timeframe for the automatic transfer to take effect may vary depending on your financial institution. It is best to contact them for specific information.
Q: What should I do if there is an issue with the automatic transfer set up with Form 1072 (1055)?A: If you have any issues with the automatic transfer set up with Form 1072 (1055), it is recommended to reach out to your financial institution for assistance.
Form Details:
- Released on March 1, 2021;
- The latest available edition released by the Federal National Mortgage Association (Fannie Mae);
- Easy to use and ready to print;
- Yours to fill out and keep for your records;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form 1072 (1055) by clicking the link below or browse more documents and templates provided by the Federal National Mortgage Association (Fannie Mae).
Download Form 1072 (1055) Authorization for Automatic Transfer of Funds
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