Justification

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.