Guaranteed Farm Loan Programs

Guaranteed Farm Loan Programs

FSA2680INS_03-20-12

Guaranteed Farm Loan Programs

OMB: 0560-0155

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FSA-2680 Modification Date 03-20-12

NOTICE OF INTEREST IN LAND CONTRACT GUARANTEE

INSTRUCTIONS FOR PREPARATION

Purpose:

Sellers use this form to express interest in a Land Contract Guarantee.

Handbook Reference:

6-FLP

Number of Copies:

Original

Signatures Required:

Seller or authorized entity member

Distribution of Copies:

Original in Position 3.

Automation-Related Transactions: N/A

Sellers complete all parts


PART 1 – Types of Guarantee


Items A and B are completed by all sellers.

Fld Name /
Item No.

Instruction

A

Prompt Payment Guarantee

Enter checkmark if prompt payment guarantee is requested.

B

Standard Guarantee

Enter checkmark if standard guarantee is requested.


PART 2 – General Eligibility Information


Seller reads information.



PART 3 – Escrow/Servicing Agent and Buyer Information


Items A and B are completed by the seller.

Fld Name /
Item No.

Instruction

A

Escrow/Servicing agent

Enter the escrow/servicing agent’s name, phone number and address.

B

Buyer

Enter the buyer’s name, phone number and address.


PART 4 – Purchase Price, Loan Rates, Terms and Fees


PART 5 – Issuing the Guarantee


PART 6 – Terminating the Guarantee


Sellers read Parts 4-6.


PART 7 – Environmental Information


Items A – F are completed by seller.

Fld Name /
Item No.

Instruction

A

Floodplains

Check “YES” or “NO” as applicable to indicate if floodplains exist on the property.

B

Historical and Archeological Sites

Check “YES” or “NO” as applicable to indicate if historical and archeological sites exist on the property.

C

Wetlands and Highly Erodible Land

Check “YES” or “NO” as applicable to indicate if wetlands and highly erodible lands exist on the property.

D

Hazardous Substances

Check “YES” or “NO” as applicable to indicate if hazardous substances exist on the property.

E

Environmental liens or judgments

Check “YES” or “NO” as applicable to indicate if environmental liens or judgments exist against the property.

F

Lawsuits

Check “YES” or “NO” as applicable to indicate if the property is involved in lawsuits for environmental compliance.



PART 8 – Notifications and Certifications


Items A and B are completed by the seller.

Fld Name/

Item No.

Instruction

A

Employee Relationship

Check “YES” if you are an employee, related to an employee, or closely associated with an employee of the Farm Service Agency. If not, check “NO”. If “YES” provide details in Item 9.

B

Vested title

Check “YES” or “NO” to indicate if in possession of title to the property.



PART 9 – Additional Information


Provide explanations to any “YES” responses. Use additional sheets as necessary.


PART 10 –Acknowledgement

 

Items A – D are completed by the seller.

Fld Name/ Item No.

Instruction

A

Seller’s Name

Enter the seller’s name.

B

Seller’s Social Security Number

Enter the seller’s Social Security Number. In the case of an entity, enter TIN.

C

Seller’s signature

Enter the seller’s signature.

D

Date

Enter the date the seller signed.

 

Page 3


File Typeapplication/vnd.openxmlformats-officedocument.wordprocessingml.document
File TitleInstructions for FSA-2001
Authortrent.rogers
File Modified0000-00-00
File Created2021-01-23

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