RD 1980-81 Guaranteed Rural Housing Borrower Default Status

Form Approved
OMB Number 0575-0078
USDA
Form RD 1980-81
Rev. 12/00

2. Lender ID Number

3. USDA Assigned Branch
Number

4. Lender Name

4a. Lender Address
GUARANTEED RURAL HOUSING
BORROWER DEFAULT STATUS
4b. City, State, Zip Code
1. Date of Report _________________
5. Borrower SSN

6. Borrower Name

(Last, First, MI)

7. Property Location
(State Abbreviation)

12. Prepared By

13. Preparer’s Phone Number

14. Preparer’s E-mail Address

8. Lender Loan
Number

9. Due Date of
Last Installment
Received

15. Signature

10. Status of
Mortgage Code

11. Status
Reason
Code

16. Date

According to the Paperwork Reduction Act of 1995, an agency may not conduct or sponsor, and a person is not 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 05750078. The time required to complete this information collection is estimated to average 30 minutes 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.

Form RD 1980-81
(Rev. 12/00)

INSTRUCTIONS FOR PREPARATION
Function of Form:

Used by Servicing Lenders to report to the Rural Housing Service
(RHS) loans in default. This form is used only when a lender
cannot send a default status report electronically.

Procedure for Preparation:

RD Instruction 1980-D.

Prepared by:

Lender/Servicer.

Number of Copies:

Original and one.

Signatures Required:

Lender

Distribution of Copies:

Original to Finance Office. Copy retained by Lender.

Item 1. Enter the last day of the month being reported.
Item 2. Enter the Lender’s Internal Revenue Service Tax Identification Number.
Item 3. Enter the USDA assigned Lender Branch Number.
Item 4. Enter the name of the Lender servicing the account.
Item 4a. Enter the address of the Lender servicing the account.
And 4b
Item 5. Enter the borrower’s Social Security Number.
Item 6. Enter the borrower’s name in the following format (Last name, First name, Middle
Initial).
Item 7. Enter the abbreviation of the State in which the property is located.
Item 8. Enter the Lender’s assigned loan number.
Item 9. Enter the due date of the last installment received. If the mortgagor has not made a
payment, insert the date of the loan.
Page 2 of Form RD 1980-81

Form RD 1980-81
(Rev. 12/00)

Item 10. Enter the applicable status of mortgage code:
9 = Forbearance
11 = Claim
12 = Repayment Plan
28 = Modification
30 = Third Party Sale
42 = Delinquent
43 = Foreclosure Started
44 = Deed-in-Lieu Started
45 = Foreclosure Completed
47 = Deed-in-Lieu Completed
59 = Chapter 12 Bankruptcy
65 = Chapter 7 Bankruptcy
66 = Chapter 11 Bankruptcy
67 = Chapter 13 Bankruptcy
Item 11. Enter the applicable Status Reason Code:
001 = Death of Principal Mortgagor
002 = Illness of Principal Mortgagor
003 = Illness of Mortgagor’s Family Member
004 = Death of Mortgagor’s Family Member
005 = Marital Difficulties
006 = Curtailment of Income
007 = Excessive Obligations – Same income, including habitual nonpayment of debts
008 = Abandonment of Property
009 = Distant Employment Transfer
010 = Neighborhood Problem
011 = Property Problem
012 = Inability to Sell Property
013 = Inability to Rent Property
014 = Military Service
015 = Other
Item 12. Enter the name of the person preparing the form.
Item 13. Enter the Preparer’s phone number.
Item 14. Enter the Preparer’s e-mail address.
Item 15. Enter the signature of the person preparing the form.
Item 16. Enter the date the form was prepared.
Page 3 of Form RD 1980-81