RD 1980-41 Guaranteed Loan Status Report

FORM APPROVED OMB NO. 0570-0016
AS OF DATE
MO
DA
YR

UNITED STATES DEPARTMENT OF AGRICULTURE
RURAL DEVELOPMENT

USDA-RD
Form RD 1980-41
(Rev. 12-99)

GUARANTEED LOAN STATUS REPORT
INSTRUCTIONS TO LENDER - COMPLETE PART B AS APPLICABLE

PART A - IDENTIFYING INFORMATION - See Reverse
1. BORROWER ID NBR

2. AGENCY LOAN NBR

3. LENDER LOAN NBR

4. BORROWER NAME

5. LOAN TYPE

6. LENDER INT RATE GUARANTEED

7. LENDER INT RATE NONGUARANTEED

8. DATE OF LAST STATUS UPDATE

9. DATE OF LOAN

10. LOAN AMOUNT

PART B - TO BE COMPLETED BY LENDER
11. UNPAID PRINCIPAL

$

12. UNPAID INTEREST

13. AMOUNT ADVANCED DURING THE
CURRENT REPORTING PERIOD

$

l

l

14. LENDER INT RATE GUARANTEED

l

l

l

16. PAYMENT STATUS CODE 17. AMOUNT AHEAD OR BEHIND SCHEDULE
A=Borrower Ahead of Schedule
B=Borrower Behind Schedule
C=Borrower Current

$

15. LENDER INT RATE NONGUARANTEED

18. TERMINATE GUARANTEE
Y=Terminate
N=Do not Terminate

$

l

19. IF THE BORROWER IS BEHIND SCHEDULE, PLEASE INDICATE WHAT IS BEING DONE TO BRING THE ACCOUNT CURRENT.

20. PLEASE SUBMIT THE ORIGINAL OF THIS REPORT
WITHIN 30 DAYS TO

21. AUTHORIZED LENDER SIGNATURE

X
22. TITLE

23. DATE

24. LENDER NAME AND ADDRESS

IF THE LENDER INFORMATION IN ITEM 24 IS IN ERROR,
PLEASE SHOW CORRECTIONS HERE.

LNDR ID

LNDR BRCH

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Form RD 1980-41
(Rev. 12-99)

INSTRUCTIONS FOR PREPARATION
Function of Form:

This form is used to update the status of each borrower’s account and
maintain contingent liability for losses in the accounting records.

Procedure for Preparation:

RD Instruction 4287-B, RD Handbook HB-1-3565, and RUS Transferred
Instruction 1980-A.

Prepared by:

Lender.

Distribution of Copies:

Original to RD servicing office. Copy retained by Lender.

Item 1-10, 20, 24. Computer Generated.
Item 11-12.

Enter the current unpaid principal and interest balance as of the status date.

Item 13.

Enter the amount of principal advanced during the current reporting period. Do not include
amounts reported as advanced on Form RD 1980-19, “Guaranteed Loan Closing Report.”

Item 14.

Enter the current guaranteed interest rate if different than Item 6.

Item 15.

Enter the current nonguaranteed interest rate if different than Item 7.

Item 16.

Enter A if the account is ahead of schedule, B if the account is behind schedule, and C if the
account is current. If B is entered, then Form RD 1980-44, ''Guaranteed Loan Borrower
Default Status” must be prepared by the Lender.

Item 17.

Enter the amount the account is ahead or behind schedule. Leave blank if Item 16 is C.

Item 18.

Enter Y to terminate the guarantee or N to continue with the guarantee.

Item 19, 21-23.

Self-explanatory.