When looking at the framework of financial support and management within the agricultural sector, the FSA-2241 form represents a critical piece of documentation for lenders and borrowers involved with the USDA's Farm Service Agency's guaranteed loan program. This form, which requires approval from the Office of Management and Budget (OMB No. 0560-0155), serves as a Guaranteed Farm Loan Status Report. It's essential for maintaining accurate records of loan transactions, including advances made, interest rates applied, payment statuses, and the balance of principal and interest. The form also outlines obligations for both lenders and borrowers, including the submission deadline, which is within 30 days for the original report. Moreover, it underscores the importance of compliance with various statues, including the Consolidated Farm and Rural Development Act, the Privacy Act of 1974, and non-discrimination policies mandated by the USDA. Accessibility to this form and adherence to its requirements play a significant role in ensuring that the process of loan granting and servicing is transparent, equitable, and efficient for all parties involved. By understanding and correctly utilizing the FSA-2241 form, lenders can seamlessly report on the status of guaranteed loans, thereby facilitating ongoing support and stability for America’s farming communities.
| Question | Answer |
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| Form Name | Form FSA-2241 |
| Form Length | 1 pages |
| Fillable? | Yes |
| Fillable fields | 155 |
| Avg. time to fill out | 31 min 19 sec |
| Other names | FSA-14, fsa 2241 blank form, Report, TDD |
This form is available electronically. |
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Position 2 |
Form Approved - OMB No. |
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(2) State and County Code/FSA ID Number |
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(3) Borrower's Name |
(7) Please Submit the original of this report within 30 days to |
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GUARANTEED FARM LOAN STATUS
REPORT
As of (1)
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(4) Lender's ID Number |
(5) Lender's Branch Number |
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(6)Lender's Name
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LoanAgency Number |
TypeLoan |
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GuarTerminate (Y/N) |
(Y/N)SoldLoan |
Payment Status Code |
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(8) |
Lender's Loan Number |
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Lender's |
Lender's |
Amount Advanced |
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Date of |
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Date of Loan |
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Schedule |
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Unpaid Principal |
Unpaid Interest |
Interest Rate |
Interest Rate |
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Last |
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Loan Amount |
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Guaranteed |
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Advance |
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Date of Last Update |
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Amount Ahead/Behind |
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(33) |
Authorized Lender's Signature |
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(34) Title |
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(35) Date |
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(36) Lender's Name and Address Changes - Enter here: |
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NOTE: The following statement is made in accordance with the Privacy Act of 1974 (5 U.S.C. 552a - as amended). The authority for requesting the information identified on this form is the Consolidated Farm and Rural Development Act, as amended (7 U.S.C. 1921 et. seq.). The information will be used to determine eligibility and feasibility for loans and loan guarantees, and servicing of loans and loan guarantees. The information collected on this form may be disclosed to other Federal, State, and 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 the applicable Routine Uses identified in the System of Records Notice for
According to the Paperwork Reduction Act of 1995, an agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a valid OMB control number. The valid OMB control number for this information collection is
.The U.S. Department of Agriculture (USDA) prohibits discrimination in all of its programs and activities on the basis of race, color, national origin, age, disability, and where applicable, sex, marital status, familial status, parental status, religion, sexual orientation, political beliefs, genetic information, reprisal, or because all or part of an individual’s income is derived from any public assistance program. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at (202)