Farm Loan Programs - Direct Loan Servicing - Special (7 CFR 766)

Farm Loan Programs - Direct Loan Servicing - Special ( 7 CFR 766)

FSA-2571ins

Farm Loan Programs - Direct Loan Servicing - Special (7 CFR 766)

OMB: 0560-0233

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Instructions for FSA 2571

AGREEMENT OF VOLUNTARY LIQUIDATION OF CHATTEL SECURITY

The Farm Service Agency uses this form to obtain agreements from prior lienholders when security property is to be reposed and sold by the Farm Service Agency, and provide for the distribution of the proceeds in accordance with the priority of liens.


The original form shall be filed in the borrower’s case file, and a copy shall be given to each prior lienholder.


Authorized Agency Official will complete Items 1-7. Prior Secured LienHolder(s) must complete Items 8-11.

Fld Name /
Item No.

Instruction

1

Day



Enter the day of the month the Agreement will be executed


2

Month



Enter the month the Agreement will be executed

3

Year


Enter the year the Agreement will be executed

4

Primary Borrower Name



Print the primary borrower’s name, as it was signed on the Farm Service Agency’s promissory note.


5

Co-borrower Name



Print the co-borrower’s name, as it was signed on the Farm Service Agency’s promissory note.


Leave field blank if there is only one borrower that signed the Farm Service Agency’s promissory note.

6

Security



Enter a description of the property that the secured party is agreeing to allow the Farm Service Agency to liquidate and distribute the proceeds


7

Signature


Authorized Agency Official will sign his/her signature


8

Signature


Prior Secured Lienholder will sign his/her signature


9

Signature


Prior Secured Lienholder will sign his/her signature


10

Signature



Prior Secured Lienholder will sign his/her signature



11

Signature




Prior Secured Lienholder will sign his/her signature








File Typeapplication/msword
File TitleInstructions for FSA-2301
Authormike.cumpton
Last Modified Byconstance.rime
File Modified2007-06-04
File Created2006-04-18

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