Guaranteed Farm Loan Programs

Guaranteed Farm Loan Programs

FSA02212(formerly1980-0028) instruction(2)[1]

Guaranteed Farm Loan Programs

OMB: 0560-0155

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Instructions for FSA-2212

PREFERRED LENDER APPLICATION FOR GUARANTEE

Lenders under the Preferred Lender Program (PLP) use this form to apply for an FSA loan guarantee. Loan applicants should not submit this form to FSA. This form is submitted to FSA by lenders after the lender has recorded the required information.

Lenders submit the original of the completed form in hard copy or facsimile to the appropriate USDA servicing office.

Lenders who have established electronic access credentials with FSA may electronically transmit this form to the USDA servicing office. The application will be processed; however, the original, signed copy of the form must be submitted to the local servicing office before FSA can issue a loan guarantee. 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 FSA, follow the instructions provided at the USDA eForms web site.

Loan applicants who have not already provided the requested information to their lender must complete Items 1 through 24. Items 25A through 26B are required. Items 45 through 47 are voluntary.

Lenders must complete Items 27 through 44.

Items 1-24 Part A-Loan Applicant Information

Fld. Name/
Item No.

Instruction

1

Applicant’s Name

Enter applicant’s complete name.

2

Co-Applicant’s Name

Enter co-applicant’s complete name.

3

Applicant’s Telephone Number

Enter applicant’s home or business telephone number, including area code.

4

Applicant’s Address

Enter applicant’s complete mailing address, including physical address if different from mailing address.

5

Applicant’s SSN or Tax ID Number

Enter applicant’s social security number or tax ID number.

6

Applicant’s Birth Date

Enter applicant’s date of birth.

7

Co-Applicant’s Birth Date

Enter co-applicant’s date of birth.

8

Co-Applicant’s Social Security Number

Enter co-applicant’s social security number, or tax ID number.

9

Total Number of Household Members

Enter the total number of persons living in the applicant’s household.

10

Type of Operation

Select appropriate entity type that applies to the applicant.

11

Acres Owned

Enter total number of acres currently owned.

12

Acres Rented

Enter total number of acres currently rented.

13

Marital Status

Check the appropriate box for marital status.

14

Have you or any member of the …

Check "YES" if you or any member of the entity obtained a direct or guaranteed loan from FSA or other USDA agencies. If not, check "NO."

15

If you answered “YES” …

Check “YES” if you previously had an FSA direct or guaranteed loan that was paid in full. If you are currently an FSA direct or guaranteed loan borrower, check "NO" and enter active "borrower" in the space provided.


Check "NO" and provide an explanation if you previously had an FSA farm loan which:


  1. Was not paid in full, and/or

  2. You were released from personal liability as part of a debt

settlement for a direct or guaranteed FSA loan, and/or

  1. The government ever paid a loss claim to a Lender under a

guaranteed loan.



16

Have you or any member of the …

Check “YES” if you or any member of the entity ever been in receivership, been discharged in bankruptcy, or filed for bankruptcy. Otherwise check “NO.”

17

If “YES” …

If you answered “YES” to item 16, provide details.

18

Are you or any member of the …

Check “YES” if you or any member of the entity delinquent on any debt to the U.S. Government. Otherwise check “NO.”


Debt to the United States Government includes but is not limited to education loans, obligations to the Commodity Credit Corporation, Natural Resources Conservation Service, Veterans Administration, FSA, Rural Housing Service or Federal Crop Insurance Corporation/Risk Management Agency.


19

Are you …

Check “YES” if you or the majority of members of the entity are citizens of the United States. Otherwise check “NO.”


20

If “NO” …

If you answered “NO” to item 19, "Check "YES" if you are a non-citizen national, or a qualified alien. Otherwise check "NO."


(Please provide documentation.)

21

Are you a veteran?

Check “YES” if you are a veteran and indicate branch and dates of service. If not, check “NO.”

22

Are you an employee …

Check “YES” if you are an employee, related to an employee, or an associate of an employee of the lender or FSA. Otherwise check “NO.”

23

Are you farming or ranching now?

If you are currently farming enter “YES” and indicate the number of years. If not, check "NO." The years counted should be years that you or any entity in which you were an owner, reported income or loss from farming to the Internal Revenue Service. If there is more than one applicant, the number should be the greatest number calculated for any one applicant.

24

If you answered “NO” …

If you answered “NO” to Item 23, but you have operated a farm in the past, list dates. The years counted should be years that you or any entity in which you were an owner, reported income or loss from farming to the Internal Revenue Service. If there is more than one applicant, the number should be the greatest number calculated for any one applicant.

Items 25A-26B - Part B Loan Applicant Certifications

Fld. Name/
Item No.

Instruction

Certifi­cations

Please read the statements in this section carefully before signing.

25A

Applicant’s Signature

Enter signature of applicant.

25B

Date

Enter the current date the applicant signed.

26A

Co-Applicant’s Signature

Enter signature of co-applicant, if applicable.

26B

Date

Enter the current date the co-applicant signed the form.










Items 27-32 - Part C Type of Assistance Requested (To Be Completed By Lender)

Fld. Name /
Item No.

Instruction

27

Purpose(s) Of Loan

Enter purpose(s) of loan.

28

Interest Rate

Enter the rate of interest the loan applicant will be charged and check the appropriate box if the rate is “Fixed” or “Variable.”

29

Interest Assistance Requested

Check “YES” if interest assistance is requested. Otherwise check “NO.”

30

Repayment Period

Enter the repayment period (years) for the loan requested.

31

Loan Type

Check the appropriate box for the type of loan the applicant is requesting.

32

Loan Amount or LOC Ceiling

Enter the amount of loan request or the line-of-credit (LOC) ceiling.


Items 33-36 - Part D Proposed Security (To Be Completed By Lender)

Fld. Name/
Item No.

Instruction

33-36

Enter specific security information for each field.


Example:


OL Request for Guarantee


Item Description Lien Position Est. Value Amount of Prior Lien Collateral Value

Crops 1st $ 96,000 $0 $ 96,000

Machinery 2nd $ 82,000 $50,000 $ 32,000

Beef Calves 1st $200,000 $0 $200,000

Totals $378,000 $50,000 $328,000



Items 37-41 - Part E Environmental Information (To Be Completed By Lender)

Fld. Name/
Item No.

Instruction

37-41

Environmental Information

Lenders shall carefully consider questions 37 through 41 and respond with the appropriate answers for the farm operation proposed for loan guarantee by FSA. If the lender has questions regarding these issues the FSA Farm Loan Manager at the local USDA Service Center should be contacted for assistance.


Lenders have to do site visit to operation and conduct environmental reviews as applicable.

37

Floodplains

Check “YES” if the real estate is located within the 100-year floodplain. Otherwise check “NO.” If “YES” please provide an explanation and attach it to this form.

38

State Water Quality Standards

Check “YES” if the operation may violate State Water Quality Standards. Otherwise check “NO.” If “YES” please provide an explanation and attach it to this form.

39

Historical and Archaeo­logical Sites

Check “YES” if the operation may violate State Water Quality Standards. Otherwise check “NO.” If “YES” please provide an explanation and attach it to this form.

40

Wetlands and HEL

Check “YES” if loan funds will effect any Wetlands and Highly Erodible Land. Otherwise check “NO.” If “YES” please provide an explanation and attach it to this form.

41

Hazardous Substances

Check “YES” if lenders have to do site visit to the operation and conduct environmental reviews as applicable. Otherwise check “NO.” If “YES” provide an explanation and attach it to this form.


Items 42-44 - Part F Lender’s Information and Certification (To Be Completed By Lender)

Fld. Name/
Item No.

Instruction

42

Lender's Name, Address, & Telephone Number

Enter Lender's name, complete mailing address with zip code and Telephone Number with area code.

43A

Official’s Name

Enter name of the official authorized to execute official binding documents on the lender’s behalf.

43B

Official's

Title

Enter title of the official authorized to execute official binding documents on the lender’s behalf

44A

Official’s Signature

Enter the signature of the official whose name/title appears in Item 43 and the date the application was signed. The lender should promptly submit the completed application to FSA for consideration.


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 FSA to submit forms electronically, use the buttons provided on the form for transmitting the form to the USDA servicing office.

44B

Date

Enter the date the application was signed.


Items 45-47 - Part G Voluntary Information for Monitoring Purposes (For Voluntary Completion By Applicant)

Fld. Name/
Item No.

Instruction

45

Ethnicity

Check the appropriate box indicating your ethnicity.

46

Race

Check the appropriate box or boxes indicating your race.

47

Gender

Check the appropriate box indicating your gender.


Items 48A and 48B for FSA use only.

File Typeapplication/msword
File TitleInstructions for FSA1980-0028
AuthorBergerT
Last Modified ByMaryann.ball
File Modified2007-06-07
File Created2007-06-07

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