4281-3 Default Status Report

Food Supply Chain Guarantee Loan Program

FMI 4281-3 Default status report

Food Supply Chain Guarantee Loan Program

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Instructions for RD 4281-3


Guaranteed Loan Borrower Default Status


Lenders use this form to inform Rural Development of the status of borrowers in default. The form should be prepared monthly (every 30 days) for the Food Supply Chain Guaranteed Loan Program A separate report is required for each defaulted guaranteed loan.


Lenders must complete items 1 through 16C, except for item 14



Fld Name / Item No.


Instruction

Report Month

Indicate the month the report is being completed



Item 1.

Enter the GLS Borrower ID

Item 2.

Enter Name of Borrower

Item 3.

Enter the Agency Assigned Identification Number

Item 4.

Enter Lender ID Number

Item 5.

Enter Lender Branch Number

Item 6.

Enter Lender Name

Item 7.

Enter Lender Loan Number

Item 8.

Enter Agency Loan Number

Item 9.

Enter the Date the Loan Became Delinquent

Item 10.

Enter the Unpaid Principal on the Loan

Item 11.

Enter the Unpaid Interest on the Loan

Item 12.

Enter the Total Amount Past Due

Item 13.

Enter the Enter the As of Date for the Total Amount Past Due reported in Item 12.

Item 14.

Enter the applicable code (shown on the form) that reflects the current status of the borrower’s loan account. If code 1-2, is entered, bimonthly default status reports must be prepared. If 4-9, or 11-12, is entered, these codes will require Rural Development concurrence prior to final lender action. If 3, or 13-17 are entered, no further default status reports are required unless the borrower returns to default status at a future date.

Item 15.

Enter comments on status of borrower loan account including actions taken to bring the account current

Item 16.

Enter the Name of the Authorized Lender

Item 17.

Enter signature of authorized lender

Item 18.

Enter title of authorized lender

Item 19.

Enter the date the form was signed



File Typeapplication/vnd.openxmlformats-officedocument.wordprocessingml.document
AuthorBennett, Pamela - RD, Washington, DC
File Modified0000-00-00
File Created2021-11-18

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