Justification

Justification for Form FSA-2520 1.docx

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

Justification

OMB: 0560-0233

Document [docx]
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OMB Control Number: 0560-0233.


Title of Clearance: Farm Loan Programs; Direct Loan Servicing.


Agency Form Number affected by Change Worksheet: FSA 2520, Acceptance of Primary Loan Servicing for Borrowers who received form FSA-512 and Applied for Servicing.


Other Changes:


The second and third selection boxes on the FSA-2520 have been added to provide borrower with alternative to waive appraisal and accept restructure at less than 110 cash flow margin without a write-down or to request appraisal and have FSA determine the amount of write-down (if any).


The first and fourth selection boxes on the FSA-2520 have been simplified with the three sentences starting with “This is not my final notice” and ending with “options again in the future” being moved from the first and fourth selection boxes up to the second paragraph on the revised form.


There is on changes to the burden hours.



File Typeapplication/vnd.openxmlformats-officedocument.wordprocessingml.document
AuthorBall, MaryAnn - FSA, Washington, DC
File Modified0000-00-00
File Created2023-09-06

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