NE Notice FLP 14-33 Exhibit A, Attachment 1

NE Notice FLP 14-33

Exhibit A, Attachment 1

COUNTY OFFICE GUARANTEED LOAN CHECKLIST (SEL and CLP)

Borrower's Name_________________________________________ Date________________________

Loan Type: _____ OL-Term

Loan Amount ____________

_____ OL-LOC

Loan Amount ____________ ______ Applications meets Maximum Allowable

_____ FO

Loan Amount ____________

Interest Rate criteria (2-FLP, Par 135)

_____ CL

Loan Amount ____________

************************************************************************************************************************************

I.

ITEMS FOR COMPLETE APPLICATION

II.

APPLICATION PROCESSING (cont'd.)

* ____ ____ Narrative 3

____ ____ In compliance with FSA programs, sod buster &

* ___ ____ FSA-2211 "Application for Guarantee" 3

swamp buster? (Can utilize FP subsidiary files)

* # ____ ____ Cash flow 3

____ ____ If the applicant also has a direct loan, the cash flow and

* ____ ____ Entity information 5

balance sheet match the guaranteed loan information

* ____ ____ Financial Statement not over 90 days 3

____ ____ No debt forgiveness direct/guar. (DLS Customer

* ____ ____ Description of farmland 3

Profile screen and GLS - View Loan screen) (VIEW ONLY)

____ ____ Proposed Loan Agreement (may include in narrative) 3

____ ____ Current/past debts (DLS Customer Profile screen and

____ ____ Credit Report 3

GLS - View Loan screen) (VIEW ONLY)

# ____ ____ Verification of Non-farm Income 3

____ ____ Verification of FSA Program Payments, Financial

____ ____ Verification of Debts/Collateral 1

Inquiries ? Customer Account Inquiry 3

# ____ ____ FSA-2002 "3 Yrs Financial Hist."(Inc/Exp) or similar 3

____ ____ Verification of Delinquent Federal Debts, Financial

^ # ____ ____ FSA-2003 "3 Yrs Production Hist." or similar 3

Inquiries ? Customer Account Inquiry 3

# ____ ____ Summary of Past 3 Yrs Balance Sheets Hist. 3

____ ____ Source and Use Analysis 3

* ____ ____ Environmental Survey (if applic)

6

***********************************************************

____ ____ Purchase Agreement (if applic)

III. LOAN APPROVAL

____ ____ Development Plan (if applic)

____ ____ FSA-2231 "Request for Oblig. of Funds Guar. Loans 2

* ____ ____ APP + Co on SCIMS

____ ____ Loan Summary Narrative 3

* ____ ____ DLM ? Establish Borrower Account

____ ____ GLS Obligation Request (copy in file) 2

* ____ ____ GLS ? Borrower Maintenance

____ ____ FSA-2201"Lenders Agreement" Current,

* ____ ____ GLS - Obtain Borrower ID if new applicant

signed and in Operational File

* ____ ____ GLS - Add App

____ ____ FSA-2232 "Conditional Commitment" & Attachment 2

* ____ ____ GLS - Add NAICS codes, integrators or contractors

* ____ ____ Conservation Plan (CL Program ONLY)

***********************************************************

* ____ ____ Transition Plan (CL Program ONLY, if applicable)

IV. LOAN CLOSING

Items required for a SEL loan request (including CL requests), unless the SEL

loan request is less than $125,000.00

Stage 1

only these items are required for a SEL request of $125,000 or less, including CL

____ ____ Approval letter par. 244 D 4

requests (on SEL requests of $125,000 or less, verification of debts only

____ ____ Lender acceptance FSA-2232 2

required when the debt will be a prior lien to the proposed guaranteed loan)

* items are required for a CLP request in any amount, including CL requests

Stage 2(After Closing/Lender returns)

^ Item not required in any CLP application or Lenders File

# Items not required for a SEL and CLP STREAMLINE CL application

____ ____ FSA-2233 "Lender's Certification".

3

____ ____ FSA-2236 "Guar. Loan Closing Report" 2

******************************************************

____ ____ 1 ? percent Guar. Fee (if required)

II.

APPLICATION PROCESSING

____ ____ Copies of Prom. Note 2

____ ____ Guide Letter par. 97-B, Incomp app GLS-App Update 4

____ ____ Chattel appraisal (if applic) GLS-Add Review 1

____ ____ Guide Letter par. 97-D, Incomp app. GLS-App Update 4

____ ____ Real estate appraisal (if applic) 8

____ ____ Guide Letter par. 97-F, App. withdrawn GLS-App Update 4

____ ____ Real estate evaluation (if applic) 8

____ ____ Guide Letter par. 95-B, Complt app. GLS-Stat. History 4

____ ____ Appraisers qualification (if applic)

____ ____ NE Cert. Eligibility GLS-Stat. History 3

(Chattel pos. #1, real estate pos. #8)

____ ____ Obtain CAIVRS Report

3

____ ____ Administrative Review of Real Estate appraisal

____ ____ Obtain "Producer Farm Data Report" 6

Form FSA-2165 - GLS-Add Review 8

____ ____ Obtain a copy of "Business File"

6

items not required on CLP's or SEL's under $50,000 with

____ ____ Obtain "Producer Subsidiary Print" 6

a strong equity position

____ ____ FSA AD-1026

6

Loan request of less than $250,000.00 w/real estate as primary

____ ____ Environmental Review (RD 1940-22) GLS Envir. Rev. 6

loan security only

____ ____ Applicant __ is __ is not associated with

or related to any FSA employee including

Stage 3

County Committee

____ ____ FLM issues FSA-2235 "Loan Guarantee" 2

____ ____ Has the Loan Officer attended

____ ____ GLS - Add loan

annual CLP Training (CLP only)

____ ____ Tally update

____ ____ GLS ? APP update

____ ____ GLS ? link related entities

************************************************************************************************************************************

COMMENTS OR ADDITIONAL REQUIREMENTS:

************************************************************************************************************************************

Docket completed and approved by:

Reviewed before issuing loan guarantee by:

____________________

_______________________ ____________________ _______________________

County Office Employee 2nd County Office Employee County Office Employee 2nd County Office Employee

(Optional)

(Optional)

The original of this form to be placed on top of the application material in position 3.

09-29-14

(Note: for subsequent loans in the same operating cycle refer to 2-FLP, subparagraph 71 A.)

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