Contractor Business Profile
©2021 Finance of America Commercial LLC is licensed or exempt from licensing in all other states | | NMLS ID #1133465 | 6230 Fairview Rd, Suite 300,
Charlotte, NC 28210 | (800) 227-8107 | AZ Mortgage Banker License BK #0926974 | Loans made or arranged pursuant to a California Finance Lenders Law
license | Finance of America Commercial LLC only makes mortgage loans for business purposes. REV. 02.08.2021
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Only Complete the following if you are not providing a copy of workers comp insurance:
This Statement of Exemption from Worker’s Compensation is made this ______ day of
___________________, ______ by _______________________________________________ (hereinafter
referred to as the “Contractor”). Contractor has contracted with
________________________________________________ (the “Borrower(s)”) for the purposes of
construction and/or remodeling a residence at
________________________________________________________________ (the “Property”)
______________________________________________________________________________
Information About the General Contractor (check the appropriate box):
Contractor has no employees, in the field or office staff. All work is “subcontracted out”, and therefore,
the Contactor would not be required to carry Worker’s Compensation Insurance.
Worker’s Compensation is included in my State’s licensing fees. Applicable state(s) are as follows:
Draw Disbursement
Please fill out the following only if the Contractor (you) will be receiving draw disbursements directly from the
Lender**:
** By signing this Contractor Questionnaire (the “Questionnaire”), Contractor agrees to receive Initial and
Subsequent Disbursements as directed herein and to allocate the payments as required. Contractor shall
at all times comply with the terms of the Contractor Consent and Acknowledgment. Contractor
acknowledges that funds provided for a draw are remitted for draw funds on behalf of the Borrower and
are not to be implied or directed as payment for services to the Contractor by either the Borrower or
Lender unless otherwise identified.