# Charter

Feature | Description
--- | ---
Charter Section | This section only displays for TSoftPlus and Commercial Lending.
Organization Type | Select the organization type. Options are: Bank Holding Company Credit Union Finance Company Leasing Company Mortgage Company National Bank (Default Option) Retail Sales Dealer Savings and Loan Holding Company Savings Association/Savings and Loan Savings Bank State Member Bank State Non-member Bank
Federal Tax ID | The Federal Tax ID value is not used anywhere in TSoftPlus.
Organization Description | Enter how the organization should be described for Lender Signatures on documents. Federal Charter: The Lender Signature is a combination of "a/an" plus the Organization Description. Example:: If the user entered "National Savings Bank" for the Organization Description, the signature would read "a National Savings Bank". State Charter: the Lender Signature is a combination of "a/an" plus the Established Under state plus the Organization Description. Example: If the user entered "Savings Institution" for Organization Description and selected "Ohio" as their Established Under state, the signature would read "an Ohio Savings Institution."
Jurisdiction | Select the state that governs the organization.
Charter | Select the organization's charter type. Options are Federal and State. The default value is Federal. This item must be updated as applicable for each financial institution.
MERS Organization ID, NMLS ID, and Flood Lender ID | These options display only for the Mortgage product.
Established under the laws of | Select the state where the organization was established. This field is only available when State is selected for the charter.

Parent topic: Setting Up an Organization

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