FSA-2025 Date of Modification: (09-21-10)
Fld Name /
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Instruction |
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Date |
Enter the date the Notice will be mailed. |
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Name and Address |
Enter the name and address of the applicant for mailing purposes.
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Mail Information |
This form should be sent certified. Certified mail information, including the tracking number can be entered in this section. The borrower must respond within 15 days and certified mailing will assist in making sure the borrower receives the notice. |
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Request Approval |
Enter the type of request being approved, either loan assumption or shared appreciation payment agreement. |
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Approval Date |
Enter the date the request is approved. |
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Part A – Terms and Conditions |
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1 Amount |
Identify either assumption or amortization and enter the amount of the assumption or amortization. |
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2 Purpose |
Enter the purpose of the request being approved. I.e., “Purchase of property through assumption of debt.” Individual identification of loans assumed can be clarified here - i.e., “Assumption of loan #XX-XX in the amount of $XXX,XXX, and loan #XX-XX in the amount of $XXX,XXX”
Or “Shared Appreciation Payment Agreement” |
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Fld Name /
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Instruction |
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3 Interest Rate |
Identify either assumption or shared appreciation payment agreement and enter the interest rate. |
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4 Term |
Enter the term of the new loan.
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5 Collateral |
Enter the collateral that is required for loan approval. |
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6 Insurance |
No entry required. |
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7 Expiration |
No entry required. |
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8 Additional Requirements and Comments |
Enter any additional requirements or comments pertaining to the approval. |
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Part B- Borrower Responsibilities |
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1 Changes in Operation |
No entry necessary. |
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2 Record-keeping |
No entry necessary. |
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3 Releases and Sales |
No entry necessary. |
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4 Payments |
No entry necessary. |
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5 Security |
No entry necessary. |
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6 Graduation |
No entry necessary. |
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Part C – Agency Approval |
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1 Office name |
Enter either “this office” or the specific office name. (I.e., Anytown FSA County Office) |
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2 County Office Address |
Enter the county office address. |
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3 Agency Telephone Number |
Enter the Agency telephone number. |
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Fld Name /
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Instruction |
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4A Authorized Agency Official Name |
Enter (type or print) the name of the authorized agency official approving the action. |
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4B Signature |
Enter the signature of the authorized agency official approving the action. |
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4C Title |
Enter the title of the authorized agency official approving the action. |
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Part D – Certification and Acceptance |
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The applicant must select one of the optional statements on the Certification and Acceptance, either agreeing or disagreeing and requesting a meeting. If the applicant does not sign and return the Certification the request for assumption or amortization will be withdrawn. |
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1A-4A Name |
Enter (type or print) the name of the applicant(s). |
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1B-4B Signature |
The applicant will enter their signature. |
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1C-4C Date |
Enter the date the applicant(s) sign the Certification. |
Page
File Type | application/vnd.openxmlformats-officedocument.wordprocessingml.document |
File Title | Instructions for RD1927-0008 |
Author | cquayle |
File Modified | 0000-00-00 |
File Created | 2024-09-07 |