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Affidavit Of Income Declaration Template for United States

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Key Requirements PROMPT example:

Affidavit Of Income Declaration

"I need an Affidavit of Income Declaration for my mortgage application at First National Bank, declaring my combined income from my full-time job and freelance work for the past three years, to be submitted by January 15, 2025."

Document background
The Affidavit of Income Declaration serves as a formal sworn statement that provides detailed information about an individual's income sources, amounts, and frequency. This document is commonly required in the United States for various purposes, including court proceedings, loan applications, government benefits, and financial verification processes. It must comply with both federal and state regulations regarding sworn statements and typically requires notarization to be legally valid. The affidavit carries significant legal weight as it is made under penalty of perjury, making it a crucial document for situations where official income verification is required but traditional documentation may be unavailable or insufficient.
Suggested Sections

1. Affiant Information: Personal identification details of the person making the declaration including full legal name, current address, and contact information

2. Declaration of Income Sources: Detailed listing of all income sources including employment income, self-employment income, investments, rental income, and other sources

3. Income Amount Declaration: Specific amounts of income from each source, typically including monthly and annual figures

4. Verification Statement: Statement confirming that all information provided is true and accurate, made under penalty of perjury

5. Signature Block: Space for affiant's signature, date, and notary certification

Optional Sections

1. Employment History: Details of current and past employment, including employer names, dates of employment, and positions held

2. Asset Declaration: Comprehensive list of owned assets and their current market values

3. Dependent Information: Information about dependents supported by the declared income, including names, ages, and relationship to affiant

4. Tax Filing Status: Declaration of tax filing status and history of tax compliance

5. Additional Income Sources: Declaration of potential or variable income sources such as bonuses, commissions, or seasonal income

Suggested Schedules

1. Schedule A - Income Documentation: Copies of pay stubs, tax returns, and other primary income verification documents

2. Schedule B - Supporting Documents: Additional documentation such as W-2 forms, 1099s, bank statements, and other financial records

3. Schedule C - Employment Verification: Letters from employers, contracts, or other documents verifying employment status and income

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºìÐÓÖ±²¥ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Clauses














Industries

28 U.S.C. ยง 1746: Federal law governing unsworn declarations made under penalty of perjury in the United States, providing legal basis for affidavits

Internal Revenue Code: Federal tax regulations that may impact how income is reported and verified in the affidavit

False Statements Act (18 U.S.C. ยง 1001): Federal law that criminalizes knowingly making false statements in matters of federal jurisdiction

State Notary Public Laws: State-specific regulations governing the notarization process and requirements for affidavits

State Perjury Statutes: State-specific laws defining and penalizing perjury in sworn statements

State Rules of Evidence: State-specific rules governing the admissibility and handling of evidence, including affidavits

Federal Rules of Evidence: Rules governing the admissibility of evidence in federal courts, including requirements for affidavits

Child Support Enforcement Act: Federal law governing child support obligations and income declarations related to child support

Truth in Lending Act: Federal law requiring disclosure of key terms and costs in lending, relevant for income declarations in loan applications

Fair Credit Reporting Act: Federal law regulating the collection and use of consumer credit information, including income verification

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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