ASSIGNMENT OF PROCEEDS FROM THE SALE OF DAIRY PRODUCTS AND RELEASE OF SECURITY INTEREST
Submit the original of the completed form in hard copy or facsimile to the appropriate USDA servicing office. Customers who have established electronic access credentials with USDA may electronically transmit this form to the USDA servicing office, provided that the customer submitting the form is the only person required to sign the transaction.
Features for transmitting the form electronically are available to those customers with access credentials only. If you would like to establish online access credentials with USDA, follow the instructions provided at the USDA eForms web site.
Part A
All Items are completed by the seller.
Field Name/
|
Instruction |
1 Seller Name and Address |
Enter the seller’s name and address. |
2 Purchaser’s Name and Address |
Enter the purchaser’s name and address. |
3 Seller’s Telephone Number |
Enter the seller’s telephone number. |
4 Purchaser's Telephone Number |
Enter the purchaser’s telephone number. |
5 Effective Date of Assignment |
Enter the effective date of this assignment. This is the date that the assignment will begin. |
6 Patron Account Number |
Enter the seller’s Patron Number as assigned by the purchaser. |
Part B
All Items are completed by the seller.
Field Name/
|
Instruction |
1(a) Percent of Purchase Price |
Enter a checkmark in the box and the percent of the purchase price assigned to FSA. |
1(b) Payment Schedule |
Enter the payment schedule, monthly, bi-monthly or other. |
1(c) Purchase Price |
Enter a checkmark in the box and the specific dollar amount of the purchase price assigned to FSA. |
1(d) Payment Schedule |
Enter the payment schedule, monthly, bi-monthly or other. |
1(e) Amount of Purchase Price |
Enter a checkmark in the box and the specified dollar amount to be retained by the seller. Any proceeds in excess of the specified amount to be assigned to FSA. |
1(f) Payment Schedule |
Enter the payment schedule, monthly, bi-monthly or other.
|
2 Special Instructions |
Enter any special instructions or explanations, if applicable. |
3 Authorization |
Please read. |
3(a) Signature |
Enter the seller’s signature.
If faxing or mailing the form, print the form and manually enter your signature. This form is approved for electronic transmission. If you have established credentials with USDA to submit forms electronically, use the buttons provided on the form for transmitting the form to the USDA servicing office. Electronic submission may only be completed if you are the only person required to sign this form. |
3(b) Date |
Enter the date the seller signed this form. |
Part C
All Items are completed by the purchaser.
Field Name/
|
Instruction |
1(a) To FSA |
Enter a checkmark in the box if the payment is payable to the order of Farm Service Agency. |
1(b) Jointly to Seller, and FSA |
Enter a checkmark in the box if the payment is payable jointly to the seller and FSA.
|
1(c) To Creditor |
Enter a checkmark in the box if the payment is made payable to other creditor and enter the creditor’s name and address. |
2 Deduction codes |
Read the deduction code explanation to enter in Item 3(e). |
3 Date Assignment Accepted |
Enter the date the purchaser has accepted assignments of income due the seller. |
3(a) Purchaser’s Name |
Enter the name of the purchaser. |
3(b) Purchaser’s Address |
Enter the address of the purchaser. |
3(c) Amount of Deduction |
Enter the dollar amount of the deduction as described in Item 2 above. |
3(d) Date of Assignment or Prior Claim |
Enter the effective date when the purchaser accepted any prior assignment or claim. |
3(e) Deduction Priority Code |
Enter the deduction priority code (for explanation of deduction priority codes see Item 2, above). |
4 Name of Purchaser |
Enter name of the purchaser’s authorized representative. |
5 Title |
Enter the title of the purchaser’s authorized representative. |
6 Signature |
Enter the purchaser’s authorized representative’s signature.
If faxing or mailing the form, print the form and manually enter your signature. This form is approved for electronic transmission. If you have established credentials with USDA to submit forms electronically, use the buttons provided on the form for transmitting the form to the USDA servicing office. Electronic submission may only be completed if you are the only person required to sign this form. |
7 Date |
Enter the date the form is signed. |
Part D is for FSA use only
File Type | application/msword |
File Title | Instructions for FSA-441-25 |
Author | gg330 |
Last Modified By | Linda.Baker |
File Modified | 2007-04-30 |
File Created | 2006-10-25 |