The Corporation will notify Lender prior to any change in the location of the Corporation's state of organization or any change in the. Once the borrowing resolution has passed, the document goes to the bank providing the loan.The company should also keep a copy of the document internally. The resolution officially authorizes members to open a bank account, apply for loans, and make withdrawals in the company's name. ALL SALES FINANCE COMPANY APPLICANTS: Complete pages 1 and 2. Complete all relevant pages of the application according to instructions on the following page. REGULATORY LOAN ACT (EXCERPT) Act 21 of 1939.