Navigating the complex landscape of agricultural loans and the associated government processes can be a daunting task for farmers and borrowers. At the heart of this intricate system lies the FSA-2522 form, a critical document for those who have encountered difficulties with loan servicing through the Farm Service Agency (FSA), a branch of the U.S. Department of Agriculture (USDA). This form serves as a borrower's formal response to a denial of primary loan servicing and outlines their intent concerning the acceleration of a loan. It offers several options to borrowers, including immediate repayment, asset liquidation, market value buyout, and requests for reconsideration, mediation, negotiation, or appeal. Required signatures from involved parties ensure that all who bear responsibility for the loan are aware of and agree to the chosen course of action. The form also stands as a testament to USDA's commitment to fairness and non-discrimination in its programs, stating its policy against discrimination based on various factors, including income derived from public assistance programs. Moreover, it underlines the importance of privacy and the careful handling of personal information, adhering to the Privacy Act of 1974 and outlining the possible sharing of data with other agencies or entities as mandated by law or necessary for loan servicing and data analysis. Completing and returning this form to the local FSA office initiates a critical step in resolving loan servicing issues, providing a pathway for borrowers to seek remedies and maintain their farming operations amidst financial challenges.
| Question | Answer |
|---|---|
| Form Name | Form Fsa 2522 |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | OMB, FSA-2514, Washington, USC |
This form is available electronically. |
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Form Approved - OMB No. |
U.S. DEPARTMENT OF AGRICULTURE |
Position 4 |
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Farm Service Agency |
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BORROWER RESPONSE TO DENIAL OF PRIMARY LOAN SERVICING
AND INTENT TO ACCELERATE
FOR BORROWERS WHO RECEIVED FORM
(See page 2 for Privacy Act and Public Burden Statement)
TO: Farm Service Agency
[FSA Office Name/Address]
[Office Address]
[City, State, Zip Code]
1.I have received and read your Denial of Primary Loan Servicing and Intent to Accelerate. (Check the appropriate blocks below:)
A. I will pay my FSA account current immediately, if I am delinquent, and resolve any
B. I will pay FSA current using the value of my
C. I will pay FSA the full amount of the Current Market Value Buyout as described in Form
D. I would like to request Reconsideration as described in Form
E. I would like to request Mediation as described in Form
F. I would like to request Negotiation of the Appraisal as described in Form
G. I would like to Appeal as described in Form
This form must be signed by at least one party (entity or individual) that executed the promissory note(s) or assumption agreement(s), and has not previously been released of liability for the debt.
2A. Borrower’s Name
2B. Signature
2C. Date
3A. Borrower’s Name
3B. Signature
3C. Date
4A. Borrower’s Name
4B. Signature
4C. Date
5A. Borrower’s Name
5B. Signature
5C. Date
The U.S. Department of Agriculture (USDA) prohibits discrimination in all 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, genetic information, political beliefs, 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)
(202)
Page 2 |
Note: The following statement are made in accordance with the Privacy Act of 1974 (5 USC 552a): the Farm Service Agency (FSA) is authorized by the Consolidated Farm and Rural Development Act, (7 USC 1921 et seq , and the regulations promulgated thereunder, to solicit the information requested on this form. The information requested is necessary for FSA to determine eligibility for financial assistance, service your loan, and conduct statistical analyses. Supplied information maybe furnished to other Department of Agriculture agencies, the Department of the Treasury, the Department of Justice or other law enforcement agencies, the Department of Defense, the Department of Housing and Urban Development, the Department of Labor, the United States Postal Service, or other Federal, State, or local agencies as required or permitted by law. In addition, information may be referred to interested parties under the Freedom of Information Act (FOIA), to financial consultants, advisors, lending institutions, packagers, agents, and private or commercial credit sources, to collection or servicing contractors, to credit reporting agencies, to private attorneys under contract with FSA or the Department of Justice, to business firms in the trade area that buy chattel or crops or sell them for commission, to Members of Congress or Congressional staff members, or to courts or adjudicative bodies. Disclosure of the information requested is voluntary. However, failure to disclose certain items of information requested, including your Social Security Number or Federal Tax Identification Number, may result in a delay in the processing of this form or its rejection.
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