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.
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:
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).