The Rd 451-20 form, issued by the United States Department of Agriculture's Rural Development sector in St. Louis, Missouri, serves a crucial function in the realm of rural financing. Acting as a formal notice and acknowledgment of final payment, it marks a significant milestone for borrowers of insured loans. This document meticulously records essential details, such as the date, amount, and specific treasury check information, laying the groundwork for a transparent and conclusive end to financial obligations between lenders and the government. Section I of the form addresses lenders directly, instructing them on the proper procedures following the receipt of final payment, including the handling and return of pertinent documents like promissory notes or bonds to the county supervisor. The emphasis on certified mail suggests an awareness and mitigation of risk associated with the handling of such sensitive documents. On the flip side, Section II shifts focus towards the acknowledgment receipt by the investor, symbolizing the cessation of the United States of America's obligations as an insurer of the loan. Furthermore, encapsulated within this bureaucratic process is the quiet liberation of the borrower's debt, underscored by the physical return of the promissory note or bond, now endorsed back to the borrower. The Rd 451-20 form not only represents the culmination of a financial agreement but also reinforces the structured, methodical nature of loan administration within the realm of rural development.
| Question | Answer |
|---|---|
| Form Name | Form RD 451-20 |
| Form Length | 1 pages |
| Fillable? | Yes |
| Fillable fields | 11 |
| Avg. time to fill out | 2 min 27 sec |
| Other names | form rd 20 form, out form 451, rd 451 notice acknowledgement, form rd 20 |
FORM RD
UNITED STATES DEPARTMENT OF AGRICULTURE
RURAL DEVELOPMENT
1520 MARKET STREET
ST. LOUIS, MISSOURI 63103
NOTICE AND ACKNOWLEDGEMENT OF FINAL PAYMENT
DATE
|
|
DATE |
AMOUNT |
TREASURY CHECK
NAME OF BORROWER
RD CASE NUMBER
AMOUNT OF
NOTE OR BOND
DATE OF
NOTE/BOND
INTEREST
RATE
EXP
DATE.
SECTION I: NOTICE OF FINAL PAYMENT TO THE INVESTOR
You will receive under separate cover the United States Treasury check described above. This check should pay the above- described insured loan in full with interest due you to the date of the Treasury check. If your records agree, please complete and execute Section 11 of the original of this form when you receive the payment and send it, together with the Promissory Note (Bond), to our County Supervisor at the address shown in the lower portion of this form. We suggest documents be returned to the County Supervisor by certified mail. If your records do not agree, please write to the above address. The extra copy of this form is for your files.
FORWARD PROMISSORY NOTE OR BOND TO:
MAIL CODE
SECTION II: ACKNOWLEDGMENT OF RECEIPT OF FINAL PAYMENT
The
Date Final Payment Received
Name of Investor
BY:
(Signature)
(Title)
FORM RD