7 CFR 1941, Operating Loan Policies, Procedures and Authorizations and Closings

7 CFR 1941, Operating Loan Policies, Procedures and Authorizations and Closings

FSA0441-0005

7 CFR 1941, Operating Loan Policies, Procedures and Authorizations and Closings

OMB: 0560-0162

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Instructions for FSA-441-5

SUBORDINATION AGREEMENT

This form is used to obtain a subordination of chattel security from landowners or other creditors. It is signed by the creditor in order for the Government to obtain a security interest in the borrower’s crops, livestock, and/or machinery and equipment.


Submit the original completed form in hard copy or a facsimile copy to the appropriate county FSA office.


Customers who have established electronic access credentials with USDA may electronically transmit this form to the USDA servicing office, provided that: (1) the customer submitting the form is the only person required to sign the transaction, or (2) the customer has an approved Power of Attorney (Form FSA-211) on file with USDA to sign for other customers for the program and type of transaction represented by this form.


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.

Parts 1 and 3 are for FSA use only.

Part 2 completed by the creditor.

Fld Name /
Item No.

Instruction

2A

Name and Address

Enter the name and address of the creditor, including ZIP code.


2B

Telephone Number

Enter the telephone number of the creditor, including Area Code.


2C

Name of Individual or Authorized Entity Representative

Enter the name of the individual or authorized entity representative.


2D

Title of Individual or Authorized Entity Representative

Enter the title of the authorized entity representative listed in Item 2C.

2E

Signature of Individual or Authorized Entity Representative

Enter the signature of the individual or authorized entity representative listed in Item 2C.


If you are mailing or faxing this form, print the form and manually enter your signature. If this form is approved for electronic transmission and 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.

2F

Name of Second Individual or Authorized Entity Representative

Enter the name of the second individual or authorized entity representative.


2G

Title of Second Individual or Authorized Entity Representative

Enter the title of the second authorized entity representative listed in Item 2F.

2H

Signature of Second Individual or Authorized Entity Representative

Enter the signature of the individual or authorized entity representative listed in Item 2F.


If you are mailing or faxing this form, print the form and manually enter your signature. If this form is approved for electronic transmission and 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.


Page 2 of 2

File Typeapplication/msword
File TitleInstructions for FSA-441-5
AuthorPreferred Customer
Last Modified Byalvin.young
File Modified2005-12-21
File Created2005-12-21

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