P&SP 2610 Automatic Renewal Rider

Instructions to Complete
Automatic Renewal Rider Form for
Irrevocable, Transferable, Standby Letter of Credit
Form P&SP-2610
When you, as a packer, market agency or dealer provide an automatic renewal rider to the Irrevocable, Transferable,
Standby Letter of Credit, issued as collateral for your trust agreement to meet the bonding requirements of the
Packers and Stockyards Act, 1921, as amended and supplemented, form P&SP-2610 should be provided to the
issuing bank for execution.
A letter of credit requires complete and correct information to be submitted to the Packers and Stockyards Program
on forms P&SP-2600 and P&SP-2610 (if applicable). If any information is missing or incorrect, the Packers and
Stockyards Program will return the letter of credit or automatic renewal rider form to the issuing bank for
completion or correction.
Penalties for operating without proper registration and bond include a fine of not more than $11,000 for each
violation.
Submission instructions for the bank: After completing the automatic renewal rider, send two fully executed copies
with original signatures to the appropriate regional office of the Packers and Stockyards Program as listed below. If
you are named as trustee, you may keep one copy of the rider for your files, and mail the remaining copy to the
regional office. The states covered by each regional office are listed below their address.
Regional Offices of the Packers and Stockyards Program
Grain Inspection, Packers and Stockyards Administration
Eastern Regional Office
Western Regional Office
Midwestern Regional Office
Suite 230
3950 Lewiston St., Suite 200
Room 317
75 Spring Street
Aurora, CO 80011-1556
210 Walnut Street
Atlanta, GA 30303-3308
Telephone: (303) 375-4240
Des Moines, IA 50309-2110
Telephone: (404) 562-5840
FAX: (303) 371-4609
Telephone: (515) 323-2579
FAX: (404) 562-5848
E-mail:
FAX: (515) 323-2590
[email protected]
E-mail: [email protected]
E-mail: [email protected]
States Covered
States Covered
States Covered
AL, AR, CT, DC, DE, FL, GA, LA, AK, AZ, CA, CO, HI, ID, KS, MT, IA, IL, IN, KY, OH, MI, MO, MN,
MA, MD, ME, MS, NC, NH, NJ,
NM, NV, OK, OR, TX, UT, WA,
ND, NE, SD, WI
NY, PA, RI, SC, TN, VA, VT, WV
WY
If you have any questions about the form or completing the form, please contact the appropriate regional office of
the Packers and Stockyards Program listed above.
The Bank must complete Items 1 through 6 and sign Item 7.
Line
No.
1

Subject

Instruction

Principal Name

Enter the full name of the principal. The principal’s name must
match the name under which the principal is registered with the
Packers and Stockyards Program.
For example, John Doe might be registered as:
John Doe OR
John Doe Livestock, Inc. OR
John Doe Livestock Co., L.L.C. OR
John Doe d.b.a. John Doe Livestock Company. OR
John Doe and Sam Doe d.b.a. Doe Livestock, OR
John Doe and Sam Doe.

Form P&SP-2610-i

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Line
No.

Subject

Instruction

2

Letter of Credit Number

3

Length of Extension

List the referenced letter of credit number, to which you are issuing
the automatic renewal rider, as assigned by the issuing bank.
Enter the length of time for which the letter of credit will be
automatically renewed by the rider. For example, enter “One Year
or “12 Months.” The rider will amend the referenced letter of
credit for an indefinite period, until such time as the bank elects not
to renew the letter, and notifies the Regional Office by certified
mail.

4

Name of Bank, City, State

5

Telephone Number

6

Date Issued

7

Authorized Signature

Form P&SP-2610-i

An automatic renewal rider form should not be used if the bank
desires to extend the letter of credit to a specific, referenced date
(for example, for a 12 month period to expire at the end of that
time). In that circumstance, the bank may issue an amendment on
its letterhead, referencing the full name of the principal, the
effective date and number of the letter of credit, and the date the
letter of credit will expire.
Enter the name of the bank and the city and state where it is
located.
Enter the telephone number of the bank that issued the letter of
credit.
Enter the date the rider was executed by the bank.
An authorized officer of the bank must sign the automatic renewal
form.

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OMB Control No. 0580-0015
Expires: xx/xx/20xx
U. S. DEPARTMENT OF AGRICULTURE
GRAIN INSPECTION, PACKERS AND
STOCKYARDS ADMINISTRATION
PACKERS AND STOCKYARDS PROGRAM

AUTOMATIC RENEWAL RIDER
FOR IRREVOCABLE, TRANSFERABLE, STANDBY
LETTER OF CREDIT

1. RE: Name of Principal _______________________________________________________
2. Letter of Credit Number _______________________________________________________

This Letter of Credit will be automatically extended for additional periods of
3.

from the present or each future expiration date unless the appropriate

parties and the Packers and Stockyards Program, Grain Inspection, Packers and Stockyards
Administration, United States Department of Agriculture, have been duly notified by
registered/certified mail. The appropriate parties will not receive the notification of expiration
less than 30 days before such date that we elect not to renew this Letter of Credit.

4. __________________________________________________________________________________
(Name of Bank, City, State)

5. __________________________________________________________________________________
(Telephone Number of Bank)

6. ___________________________________________________________________________
(Date Issued)

7. ___________________________________________________________________________
(Authorized Signature)
According to the Paperwork Reduction Act of 1995, an agency may not conduct or sponsor, and a person is not requred to respond to, a collection of
information unless it dispays a valid OMB control number. The valid OMB control number for this information collection is 0580-0015. The time
required to complete this information collection is estimated to average 54 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.
Form P&SP-2610

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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) 7206382 (TDD). USDA is an equal opportunity provider and employer.

Form P&SP-2610

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