Form FSA-2601 - Individ FSA-2601 - Individ AMERICAN RESCUE PLAN ACT OF 2021 SECTION 1005 LOAN PAYME

OMB Control Number: 0560-0300
OMB Expiration Date: 11/30/2021

This form is available electronically.
U.S. DEPARTMENT OF AGRICULTURE
Farm Service Agency

FSA-2601
(05-24-2021)

Position 2

AMERICAN RESCUE PLAN ACT OF 2021 (ARPA) SECTION 1005 LOAN PAYMENT

5/28/2021
Joe Farmer Jr
123 Main Street
Suite 101
Temple, Texas 76501

Dear Borrower,
FSA records show that you had a direct loan(s) on January 1, 2021, and that you are eligible for payment under the American Rescue Plan Act of
2021 (ARPA) Loan Payment program. All of your eligible direct loan debt will be paid in full. Eligible direct loan debt includes Farm Storage
Facility Loans (FSFL), as well as most Farm Loan Program (FLP) direct loans. Eligible FLP loan types include Conservation, Emergency, Farm
Ownership (including Down Payment), Grazing, Irrigation and Drainage, Operating (including Youth and Microloans), and Soil & Water. The
ARPA Calculation Worksheet, beginning on page 4 of this notification, provides detailed calculations for your eligible direct loan debt, including
any debt that was paid in full after January 1, 2021. Notification regarding any guaranteed loans that you may have will be sent at a later date.
After your ARPA-eligible direct loans are paid in full as provided below, you will still be indebted to FSA for any loan funds advanced after
January 1, 2021.
If you are in bankruptcy or have been discharged of the debt, this informational notice is not an attempt to collect or recover the
discharged debt as your personal liability.
You may select one of the following three options. Once you make your selection, the completed form may be returned to your local FSA office
or to the following:
1400 Independence Ave SW, Washington DC, 20250
Fax: (202) 555-5555
Email: [email protected]
[ ] OPTION 1. I accept the ARPA payment as calculated by FSA for my eligible direct loan debt or, in the case of an Estate or deceased
person, for the debt owed by the Estate or deceased person I represent. Please apply the payment to my FSA eligible direct loan debt or, in the
case of an Estate or deceased person, to the eligible direct loan debt owed by the Estate or deceased person I represent, and pay the 20 percent
portion to assist with tax liability using the bank account(s) information I provided below.
I certify under penalty of perjury punishable as a federal crime pursuant to 18 U.S.C. § 1001 that, to the best of my knowledge, I am, or at least
one borrower who signed the promissory note(s) or assumption agreement(s) establishing the receipt of direct loan assistance from FSA is, a
member of an eligible socially disadvantaged group as defined by section 2501(a) of the Food, Agriculture, Conservation, and Trade Act of
1990. A socially disadvantaged group includes borrowers who are: American Indian, Alaskan Native, Asian, Black, African American, Native
Hawaiian, Pacific Islander, or Hispanic or Latino.
I understand and acknowledge:
• FSA payments, including the ARPA payment, are subject to public disclosure. Consequently, after any payment is made according to ARPA
and applicable regulations or Notifications of Funding Availability, my name (or in the case of an Estate or deceased person, the name of the
Estate or deceased person) will be released in public documents or records and/or listed on a USDA and/or FSA webpage as having received
an ARPA payment.
• FSA will not provide my reported race and ethnicity next to my name (or in the case of an Estate or deceased person, will not provide their
race and ethnicity next to their name) in public documents or records or on the USDA and/or FSA webpage when it lists my name (or in the
case of an Estate or deceased person, their name) as having received an ARPA payment, unless a determination is made that race and ethnicity
is not considered PII, or unless USDA/FSA is directed to list the information pursuant to a court order or law or regulation.

FSA-2601 (05-24-2021)

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• FSA will continue to provide any and all information in its loan files, including for the purposes of cooperating with a Federal audit (such as
may be conducted by the Government Accounting Office); cooperating with a law enforcement agency; reporting fraud, waste and abuse to
the Office of the Inspector General (OIG); when cooperating with an OIG investigation; or for other audit, law enforcement or investigative
purposes, including any investigation into allegations that I misreported/misrepresented my race and/or ethnicity (or in the case of an Estate or
deceased person, their race and/or ethnicity) to FSA for the purposes of receiving an ARPA payment.
• Receiving an ARPA payment may have income tax consequences for me, my farm operation, or the Estate of the deceased person I am
representing. It is my responsibility to consult with a tax professional if I have any questions. It is also my responsibility to pay any and all
taxes that may be owed as a result of receiving an ARPA payment.
• Additional assistance for borrowers through community-based organizations and other service providers will be made available in a future
letter to borrowers and announced on farmers.gov/americanrescueplan, via GovDelivery, and a press release.
• Receiving an ARPA payment may have bankruptcy implications if I, my farm operation, or the Estate of the deceased person I am
representing is currently under bankruptcy court protection. The USDA makes no representation whether any payment directly to a borrower
in a pending bankruptcy case constitutes property of the bankruptcy estate. It is my responsibility to consult bankruptcy professionals or
counsel to discuss the impact of bankruptcy on any payments received under ARPA.
• I hereby assign the ARPA payment to FSA for the amount of eligible direct loan debt as shown in the Amount Paid to FSA column on the
ARPA Calculation Worksheet.
• If my loan payments are currently being made via Pre-Authorized Debt (PAD) or a dairy, poultry or other form of assignment, my PAD or
assignment will be cancelled.
• The ARPA payment shown in the Total Amount Paid to Borrower(s) column on the ARPA Calculation Worksheet will be made
electronically using the banking information I provide.
• If my loan installment is coming due, I may still receive an automated payment reminder letter. I understand that I can disregard the reminder
letter for any loans that are listed on the ARPA Calculation Worksheet.
• Any payments applied to loans listed on the ARPA Calculation Worksheet after January 1, 2021, will be refunded to the primary borrower.
• Due to the number of ARPA payments that must be processed, it may take several weeks or more for FSA to process the payment. After the
payment has been processed, if there was property that was pledged as security for the FSA debt, FSA will mail me the documents needed to
release the FSA lien. Unless otherwise required by State law, it is my responsibility to file/record the lien release with the applicable office or
entity in the County/State where the property is located.
• The chart below explains how my payment will be distributed and who is required to sign this form. It is my/our responsibility to obtain all
required signatures in order for a payment to be issued:

• If at least one, but not all, required signatures are received within 60 days of the date of this notification, the borrowers who have not signed
will be notified of their appeal rights. If an appeal is not requested within 30 days, FSA will process the payment as described in this notice.

FSA-2601 (05-24-2021)

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• In order for USDA to proceed, this form must be signed and dated by all socially disadvantaged borrowers and all borrowers who will be
included in the payment distribution must provide the required Financial Institution Information.
[ ] OPTION 2. Before I make a decision, I want to schedule a meeting with the local FSA office to discuss this notice (for example, if I
disagree with the calculation, if an error is identified, or if I disagree with the payment distribution) or provide updated information that may
affect the payment distribution. My meeting preference is:
• [ ] telephone meeting on my phone number _____________________________________.
[ ] in person at the FSA office. However, I understand and acknowledge that scheduling an in-person meeting
may not be possible due to local, State or Federal restrictions due to COVID-19.
• FSA will contact you within seven (7) days of receiving your request for a meeting.
[ ] OPTION 3. I do not want to receive the ARPA payment. I understand and acknowledge that my decision to not accept the ARPA payment
is final and irrevocable. I understand and acknowledge that FSA will continue to service the debt according to FSA regulations and the Debt
Collection Improvement Act of 1996 (DCIA) requirements.
Sincerely,

Sheila Oellrich
Program Analyst
The following statement is made in accordance with the Privacy Act of 1974 (5 USC 552a - as amended). The authority for requesting the information identified on this form is the American Rescue Plan Act of 2021 (ARPA), the
Computer Security Act of 1987 (Pub. L. 100-235), OMB Circular A-123, Federal Managers’ Financial Integrity Act of 1982, and Privacy Act of 1974 (5 USC 552a - as amended). The information will be used to verify (or update,
if needed) a customer’s demographic information in USDA and FSA records in order to process the customer’s request for payment according to ARPA and applicable regulations. The information collected on this form may be
disclosed to other Federal, State, Local government agencies, Tribal agencies, and nongovernmental entities that have been authorized access to the information by statute or regulation and/or as described in applicable
Routine Uses identified in the System of Records Notices , USDA/FSA-2, Farm Records File (Automated), and USDA/FSA-14, Applicant/Borrower. Providing the requested information is voluntary. However, failure to furnish
the requested information may result in a determination that FSA cannot process the customer’s request for payment.
The provisions of criminal and civil fraud, privacy and other statutes may be applicable to the information provided.
In accordance with Federal civil rights law and U.S. Department of Agriculture (USDA) civil rights regulations and policies, the USDA, its Agencies, offices, and employees, and institutions participating in or administering USDA
programs are prohibited from discriminating based on race, color, national origin, religion, sex, gender identity (including gender expression), sexual orientation, disability, age, marital status, family/parental status, income
derived from a public assistance program, political beliefs, or reprisal or retaliation for prior civil rights activity, in any program or activity conducted or funded by USDA (not all bases apply to all programs). Remedies and
complaint filing deadlines vary by program or incident.
Persons with disabilities who require alternative means of communication for program information (e.g., Braille, large print, audiotape, American Sign Language, etc.) should contact the responsible Agency or USDA’s TARGET
Center at (202) 720-2600 (voice and TTY) or contact USDA through the Federal Relay Service at (800) 877-8339. Additionally, program information may be made available in languages other than English.
To file a program discrimination complaint, complete the USDA Program Discrimination Complaint Form, AD-3027, found online at http://www.ascr.usda.gov/complaint_filing_cust.html and at any USDA office or write a letter
addressed to USDA and provide in the letter all of the information requested in the form. To request a copy of the complaint form, call (866) 632-9992. Submit your completed form or letter to USDA by: (1) mail: U.S.
Department of Agriculture Office of the Assistant Secretary for Civil Rights 1400 Independence Avenue, SW Washington, D.C. 20250-9410; (2) fax: (202) 690-7442; or (3) email: [email protected]. USDA is an equal
opportunity provider, employer, and lender.

FSA-2601 (05-24-2021)

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American Rescue Plan Act of 2021 (ARPA) Section 1005 Loan Payment
Calculation Worksheet
Direct Farm Loans
Primary Borrower Name:   Joe Farmer Jr

Case Number:   01‐001‐*****1234

Direct Loans

Loan Number

Payment Distribution

Protective 
Unpaid Principal  Unpaid Interest  Advances after 
Date of Loan as of 1/1/2021 as of 1/1/2021
1/1/2021

Total Payoff

Calculated ARPA 
Payment

Total Amount 
Paid to FSA

Total Amount 
Paid to 
Borrower(s)

44‐01 OL

3/14/1991 $         21,061.74 $            3,526.25 $            1,000.00 $         25,587.99 $         30,705.59

$         25,587.99 $            5,117.60

44‐09 OL

3/11/2015 $         31,854.92 $            2,299.33 $                      ‐

$         34,154.25 $         40,985.10

$         34,154.25 $            6,830.85

44‐10 OL

3/11/2015 $         90,634.67 $            6,545.81 $                      ‐

$         97,180.48 $       116,616.58

$         97,180.48 $         19,436.10

41‐11 FO

3/11/2015 $       126,065.24 $         25,818.30 $                      ‐

$       151,883.54 $       182,260.25

$       151,883.54 $         30,376.71

44‐12 OL

3/11/2015 $         78,120.70 $            3,410.54 $                      ‐

$         81,531.24 $         97,837.49

$         81,531.24 $         16,306.25

43‐13 EM

3/11/2015 $         90,634.67 $            6,545.81 $                      ‐

$         97,180.48 $       116,616.58

$         97,180.48 $         19,436.10

44‐14 OL

3/11/2015 $         26,065.24 $         25,818.30 $                      ‐

$         51,883.54 $         62,260.25

$         51,883.54 $         10,376.71

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Totals

$       464,437.18 $         73,964.34 $           1,000.00 $       539,401.52 $       647,281.82

$       539,401.52 $       107,880.30

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ARPA Payment Distribution to Joe Farmer Jr, Primary
Amount Paid to 
FSA

Amount Paid to 
Borrowers

Total Amount:   $       539,401.52

Total Amount:

$       107,880.30

Amount Attributed to Joe Farmer Jr:   $       539,401.52

Amount Paid to Joe Farmer Jr:

$       107,880.30

Financial Institution Information ‐ Must Also Attach a Copy of a Voided Check
_______________________________________________________________________________________________________________________________
Bank Name
____________________________________________________________________
Nine‐Digit Routing Number

_________________________________________________________
Account Number

____________________________________________________________________
Account Holder's Name

  Checking

  Savings

_________________________________________________________
Type of Account





Signature
This form must be signed and dated by all socially disadvantaged borrowers who signed the promissory note(s) or assumption agreement(s) and have not 
previously been released of liability for the debt.  In the case of an Estate, the deceased person must have been liable for the debt as of 1/1/2021, and this form 
must be signed by the person authorized to act on behalf of the Estate.  By signing below, you are certifying that you have reviewed this notice (FSA‐2601) and 
the ARPA Section 1005 Loan Payment Calculation Worksheet and agree that all loans eligible for ARPA payments have been included and the calculations are 
correct.

Joe Farmer Jr
_____________________________________________________
Borrower Name

Hispanic
____________
Ethnicity

White
_________________________________________________________
Race

_____________________________________________________________________________________________________ ___________________________
Date
Signature