Instructions for Form FSA-2522
BORROWER RESPONSE TO DENIAL OF PRIMARY LOANS
SERVICING AND INTENT TO ACCELERATE
FOR BORROWERS WHO RECEIVED FORM FSA-2510 OR FSA-2514 AND APPLIED FOR SERVICING
This form is used by 90 days past due borrowers, who applied for servicing, but could not develop a feasible plan. It is submitted in response to FSA-2521 notifying borrowers of FSA’s intent to accelerate their account and explaining, in detail, all their options.
THIS FORM IS FOR INFORMATIONAL PURPOSES ONLY and should only be completed and returned in response to receiving forms FSA-2521 and FSA 2522 from the agency.
Fld Name /
|
Instruction |
1 Borrower |
The agency will enter the name(s) of the borrower(s) required to respond to Denial of Primary Loan Servicing and Intent to Accelerate. All borrowers (entity and individual persons) that executed the promissory note or assumption agreement, and have not been previously released of liability for the debts, must execute a form in order to be considered for some of the options. They may all sign one form or each sign separate forms. |
2 Options Available |
One or more of the options may be available to the borrower(s). Check the appropriate blocks to select the options desired.
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3-6A Borrower Name |
The agency official will type the name of the borrower that should sign the form. This will be one of the parties that executed the promissory note or assumption agreement. At least one borrower (entity and individual person) that executed the promissory note or assumption agreement, and have not been previously released of liability for the debts, must execute a form in order to be considered for the selected option(s). |
3-6B Signature |
The borrower named in block 3A will sign the response form. At least one borrower (entity and individual person) that executed the promissory note or assumption agreement, and have not been previously released of liability for the debts, must execute the form in order to be considered for the selected option(s). They may all sign one form or each sign separate forms. |
3-6C Date |
The date will be entered by the borrower when they sign the form. |
If additional information is needed, contact the local FSA office.
File Type | application/msword |
File Title | Instructions For FSA-460-2 |
Author | mike.cumpton |
Last Modified By | Marilyn Jo McMullen |
File Modified | 2007-08-14 |
File Created | 2007-08-14 |