FSA-2248 Guaranteed Farm Loan Default Status

This form is available electronically.

FSA-2248 (Formerly FSA1980-44)
(Proposal 1)

Form Approved - OMB No. 0560-0155

Position 2

U.S. DEPARTMENT OF AGRICULTURE
Farm Service Agency

GUARANTEED FARM LOAN DEFAULT STATUS REPORT
LENDERS: COMPLETE ALL ITEMS.
1. BORROWER ID NUMBER (SSN or IRS TAX ID NO.)

2. BORROWER NAME

3. LENDER IDENTIFICATION NUMBER (IRS TAX ID NO.)

4. LENDER BRANCH NUMBER

5. LENDER NAME

6. LENDER LOAN NUMBER

7. AGENCY LOAN NUMBER

8. DATE LOAN BECAME DELINQUENT

9. UNPAID PRINCIPAL ON LOAN

10. UNPAID INTEREST ACCRUED

$

$

11. TOTAL AMOUNT PAST DUE

12. AS OF DATE

$
13. DELINQUENT CODE:

(Enter appropriate code)

01 = DELINQUENT-DISPOSITION FORTHCOMING
02 = BORROWER WILL PAY DELINQUENT AMOUNT
03 = NOT VALID FOR THIS PROGRAM
04 = FORCED LIQUIDATION PENDING
05 = VOLUNTARY LIQUIDATION PENDING
06 = FORCED LIQUIDATION PENDING. ESTIMATED LOSS CLAIM FILED
07 = VOLUNTARY LIQUIDATION PENDING. ESTIMATED LOSS CLAIM FILED.
08 = TEMPORARY LOAN BY LENDER TO BRING ACCOUNT CURRENT
09 = BORROWER RESTRUCTURING PENDING

10 = NOT VALID FOR THIS PROGRAM
11 = RESCHEDULING OF PAYMENTS COMPLETED
12 = DEFERRAL OF PRINCIPAL AND INTEREST PAYMENTS COMPLETED
13 = LOAN REINSTATED AND CURRENT
14 = BANKRUPTCY LIQUIDATION FILED BY BORROWER
15 = BANKRUPTCY REORGANIZATION FILED BY BORROWER
16 = BANKRUPTCY REORGANIZATION IN EFFECT. LOAN IS CURRENT AS
PER BANKRUPTCY PLAN
17 = BANKRUPTCY REORGANIZATION WITH COURT ORDERED INTEREST
RATE REDUCTION IN EFFECT. LOAN IS CURRENT AS PER
BANKRUPTCY PLAN

Note: If code 1-2, 4-7, or 14-15 is entered, bimonthly default status reports must be prepared. If 8, 11-13, or 16-17 is entered, no
further default status reports are required unless the borrower returns to default status at a future date.)
14. INTEREST ASSISTANCE (IA) HAS BEEN CONSIDERED AND:

A. Has been ruled out as an option to correct the default.
B. An agency determination of IA eligibility is being requested in conjunction with the attached proposal to reschedule the debt.
15. COMMENTS ON MOST RECENT ACTION TAKEN, RESULTS, NEXT PLANNED ACTION AND DATE. ATTACH BANKRUPTCY SCHEDULES,
COPIES OF CORRESPONDENCE, OR ADDITIONAL DOCUMENTATION AS NECESSARY.

16A. LENDER'S AUTHORIZED SIGNATURE

16B. TITLE

16C. DATE

NOTE: The following statements are made in accordance with the Privacy Act of 1974 (5 USC 552a): the Farm Service Agency (FSA) is authorized by the Consolidated Farm and Rural Development
Act, (7 USC 1921 et seq., or other Acts, and the regulations promulgated thereunder, to solicit the information requested on its application forms. The information requested is necessary for
FSA to determine eligibility for credit or other financial assistance, service your guarantee and conduct statistical analyses. Supplied information may be furnished to other Department of
Agriculture agencies, the Department of the Treasury, the Department of Justice or other law enforcement agencies, the Department of Defense, the Department of Housing and Urban
Development, the Department of Labor, the United States Postal Service, or other Federal, State, or local agencies as required or permitted by law. In addition, information may be referred to
interested parties under the Freedom of Information Act (FOIA), to financial consultants, advisors, lending institutions, packagers, agents, and private or commercial credit sources, to collection
or servicing contractors, to credit reporting agencies, to private attorneys under contract with FSA or the Department of Justice, to business firms in the trade area that buy chattel or crops or
sell them for commission, to Members of Congress or Congressional staff members, or to courts or adjudicative bodies. Disclosure of the information requested is voluntary. However, failure to
disclose certain items of information requested, including your Social Security Number or Federal Tax Identification Number, may result in a delay in the processing or rejection.
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 0560-0155. The time required to complete this information collection is estimated to average 20 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. RETURN THIS COMPLETED FORM TO YOUR LOCAL FSA OFFICE.
The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, age, disability, and where applicable, sex, marital status,
familial status, parental status, religion, sexual orientation, genetic information, political beliefs, reprisal, or because all or part of an individual's income is derived from any public assistance program.
(Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact
USDA's TARGET Center at (202) 720-2600 (voice and TDD). To file a complaint of discrimination, write to USDA, Director, Office of Civil Rights, 1400 Independence Avenue, S.W., Washington, D.C.
20250-9410, or call (800) 795-3272 (voice) or (202) 720-6382 (TDD). USDA is an equal opportunity provider and employer.

Initial:

Date:

FSA-2248 (Formerly FSA1980-44) (Proposal 1) Page 2
INSTRUCTIONS FOR PREPARATION
Function of form:

To inform FSA of the status of borrowers in default. The form is required every
60 days for all borrowers in default to keep FSA informed of the current status.
A separate report is required for each defaulted guaranteed loan; however, if
the borrower is in default on multiple loans, the items that differ may be
completed for the additional reports and attached to the completed form.

Procedure for Preparation:

FSA Handbook 2-FLP.

Prepared by:

Lender.

Distribution of Copies:

Original to FSA Servicing Office. Copy retained by Lender

Item 1.

Enter the borrower's Social Security or Internal Revenue Service Tax Identification Number.

Item 2.

Enter the borrower's Name - abbreviate when necessary.

Item 3.

Enter the lender's Internal Revenue Service Tax Identification Number.

Item 4.

Enter the FSA assigned lender branch number.

Item 5.

Enter the lender's name - abbreviate when necessary.

Item 6.

Enter the lender's assigned loan number.

Item 7.

Enter the FSA assigned Loan Number.

Item 8.

Enter the date the loan became delinquent.

Item 9.

Enter the current unpaid principal balance on the loan as of the date shown in Item 12.

Item 10.

Enter the accrued interest on the loan as of the date shown in Item 12.

Item 11.

Enter the total amount past due on the loan as of the date shown in Item 12.

Item 12.

Enter the current reporting date of this default status report.

Item 13.

Enter the applicable code that reflects the current status of the borrower's loan account. (If code 1-2, 4-7, or
14-15 is entered, bimonthly default status reports must be prepared. If 8, 11-13, or 16-17 is entered, no further
default status reports are required unless the borrower returns to default status at a future date.)

Item 14.

Check appropriate block.

Item 15.

Complete this section to explain action to correct default and provide status updates.

Item 16A. Enter the lender's authorized signature.
Item 16B. Enter the title of the lender.
Item 16C. Enter the date the lender signed this form.