RD 1980-20 Report of Loss

Form RD 1980 20
(Rev. 7-99)

FORM APPROVED
OMB. NO. 0575-0078

RURAL DEVELOPMENT

RURAL HOUSING GUARANTEE REPORT OF LOSS
(

INSTRUCTIONS — TYPE IN CAPITALIZED TYPE IN SPACES MARKED
Items 1 through 22 are to be completed by the Lender.
2 = Final Loss
4 = Recovery
B = Adjustment to Loss

1. Report Type Code

3. Case No.

2. Date of Claim
-

-

4. Borrower Name

7. Lender ID No.

6. Date of Settlement
-

)

8. Branch No.

5. Loan No.

9. Lender Name

-

GUARANTEED LOAN ITEMS:
10. Principal Balance Owed on Debt
$

11. Accrued Interest Owed*
$

.
12. Principal Balance Owed on Protective Advance*
$
.
14. Total (Items 10 thru 13)
$
.

.
13. Accrued Interest on Protective Advance*
$
.
*The Lender should attach documentation of these items per FMI.

Section A RECOVERY FROM COLLATERAL SOLD
Completed by Lender if collateral was sold to a third party.
15. Amount Property Sold $
for
16. Lender’s Liquidation $
Costs
17. Net Proceeds from
$
Collateral

.
.
.

Section B RECOVERY FROM OTHER ITEMS
Completed by Lender for recovery from other sources.
18. Funds in escrow account(s)

$

19. Other Recovery

$

20. Cost of Collection

$

.
.
.
.

21. Net Recovery
$
(Items 18 and 19 less Item 20)
Section C Completed by Lender if property was acquired at foreclosure or by deed-in-lieu of foreclosure.
22. Lender’s Liquidation Costs

.

$

Section D VALUE OF COLLATERAL ACQUIRED Completed by Rural Housing Service (RHS) if lender acquired property at
foreclosure or by deed-in-lieu of foreclosure. This section should not be completed if Section A above has been completed.
23. Appraised Value

$

24. Acquisition Management, Resale Factor

%

.
.

.
.

25. Appraised Value Factor
$
(Item 23 x Item 24)
26. Net Proceeds from
$
Collateral (Item 23 less Items
22 and 25)

Section E LOSS GUARANTEE:
27. Lesser of Original Note $
Amount or Principal
Actually Advanced

29. Authorized Lender Signature

.

28. Maximum Loss Payable
(90% of Item 27)

Title

.

$

Date

According to the Paperwork Reduction Act of 1995, no persons are required to respond to a collection of information unless it displays a valid OMB control number. The valid OMB control
number for this information collection is 0575-0078. The time required to complete this information collection is estimated to average 1 hour per response, including the time for reviewing
instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information.

Position 2

ADJUSTMENTS TO LOSS
30. Reduced Claim Amounts *

31. Denied Claim Amounts *

.

$

32. Total Adjustments (Items 30 + 31)

.

$

.

$

* The Agency approval official should atttach documentation of these items per FMI
33. Total debt - Net Proceeds
(Item 14, less Item 17 or 26, less Item 21, less Item 32)

$

34. 35% of Item 27

$

35. Amt. Loss in Excess of 35% of Loan (Item 33 less Item 34)

$

36. Amount from Item 35 x 85% (If zero or less, enter zero
and skip to Item 38)

$

37. Amount of Loss (Item 34 PLUS Item 36)

$

38. Total Computed Loss Payable (LESSER of Item 33 or Item 37, if
Item 37 is blank, enter the amount from Item 33)

$

39. Release from Liability Code

Y=Yes or N=No

40. Adjustment Reason Code
42. Amount Due Agency

.
.
.
.
.
.

41. Additional Interest

.

$

43. Balance Due Lender

Y=Yes or N=No

.

$

44.
Authorized Agency Signature

Title

Date

FINANCE OFFICE USE
45. Unsatisfied Principal

.

$

47. Basis
49. Additional Interest

.

46. Interest Rate
48. Number of Days

.

$

Adjusted Loss Payable with Additional Interest
50. Total Debt - Net Proceeds (Item 33 PLUS Item 49)

$

51. Loss (up to 35% of Item 27)

$

52. Amt Loss In Excess of 35% of Loan (Item 50 LESS Item 51)

$

53. Amount from Item 52 x 85%

$

54. Amount of Loss (Item 51 plus Item 53)

$

55. Loss Payable with Additional Interest (Lesser of Item 50 OR Item 54)

$

56. Check Amount

58. Date of Manual Check

.

$

-

-

.
.
.
.
.
.

57. Check Issue Code
1 = System Generated
2 = Manual Check
59. Date of Deposit -

-

3 = No Check Issued
4 = Refund

-