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after petitioner’s incorporation. An exempt organization
specialist for respondent reviewed the Form 1023 and wrote to
petitioner seeking additional information under penalties of
perjury about (a) entities (such as banks and lending
institutions) to which petitioner planned to refer individuals,
(b) whether petitioner would advertise or promote its products or
services in any way, (c) whether petitioner would receive any
benefit for referring individuals to companies, and (d) whether
petitioner had agreements with any such companies.
2. Petitioner’s Response to the Request for Additional
Information
a. General Response
In response to respondent’s request for additional
information, Mr. Dennis wrote that before petitioner began to
actually operate, petitioner wished to obtain exemption under
section 501(c)(3) so that it “can launch [its] DMP operating
platform and begin the process of originating and servicing DMP
Candidates” and begin offering “DMP services on a National
scale.” Mr. Dennis stated that petitioner’s “goal is to focus
initially on offering the best DMP platform in the marketplace”
and “strictly put full emphasis on DMP Origination and Servicing”
and that petitioner “want[s] to fully concentrate on offering the
DMP” and “keep the DMP Service in the forefront.” Mr. Dennis
explained that petitioner would be the “sole Service Provider of
DMP Origination and Customer Servicing for potential Customers”
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Last modified: March 27, 2008