OMB Control Number: 0560-0233.
Title of Clearance: Farm Loan Programs - Direct Loan Servicing - Special ( 7 CFR 766)
Agency Form Number affected by Change Worksheet: Revised FSA-2518 Acceptance of Primary Loan Servicing for Borrower who Received Form FSA-2510 or FSA-2514 and Applied for Servicing
Specific Changes: FSA is requesting for OMB approval on the revised FSA-2518. Applicable borrowers provide the FSA-2518 to accept FSA’s offer of Primary Loan Servicing. These specific changes are to allow borrower to have the following additional options.
The specific changes in the form are:
The addition of the following two options:
1. I accept FSA’s offer of primary loan servicing with a non-writedown servicing offer and waive my right to a potential writedown. I understand that I must accept FSA’s offer within 45 days of receiving Form FSA-2517 or FSA will move toward acceleration of my loans and liquidation of my security
2. I wish to request appraisal(s) be completed to determine the amount of debt writedown which may be available to me. I understand that I must request the appraisals within 45 days of receiving Form FSA-2517.
There are no changes to the burden hours.
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File Type | application/vnd.openxmlformats-officedocument.wordprocessingml.document |
Author | Ball, MaryAnn - FPAC-BC, Washington, DC |
File Modified | 0000-00-00 |
File Created | 2021-04-29 |