Farm Loan Programs - Direct Loan Servicing - Special (7 CFR 766)

Instructions For FSA-2570

OFFER TO CONVEY SECURITY

Used by the borrower to convey security property to the Farm Service Agency. Submit the original of the completed form in hard copy to the appropriate FSA 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.

Borrower completes Part A.

FSA completes Part BF.

PART A – Borrower

Items 1 – 103 are completed by borrower.

Fld Name / Item No.	Instruction
1 Name	Enter your name name.
2(a) Full Satisfaction	Enter an “X” in this box if you are offering the conveyance in return for full satisfaction of your Farm Loan Program debt.
2(b) Credit Equal to Property Value	Enter an “X” in this box if you are offering the conveyance for a credit equal to the value of the property, less any prior liens and obligations incurred on your behalf.

Fld Name / Item No.	Instruction
3 Other Liens	Read statement.
4(b) Paid by Borrower	Enter an “X” in this box if you plan to pay the expense listed in 4(a).
4(c) Paid by Government	Enter an “X” in this box if you are requesting that FSA pay the expense listed in 4(a) and charge the amount to your account.
4 Name and Address of Employer/ Telephone	Enter the name, address and telephone number of the applicant’s employer.
5(a)-(b) Assignment of Rights	Read statements.
5(c)(1) Funds on Deposit	Enter the name of the Bank where any funds held jointly with FSA are deposited, if applicable..
6 through 8 Statements	Read Statements.
9 Signature	Enter your signature.

Part B – FSA Use Only

Items 1 – 5 completed by FSA.

Page 2 of 2