PreLoanLDP Processing - PowerPoint PPT Presentation
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PreLoanLDP Processing
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Obtain signatures in ... Signature Authority. Video on signature authority. 1-CM ... provide signature authority. to bind all partners? No, unless. member ... – PowerPoint PPT presentation
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Title: PreLoanLDP Processing
1
Pre-Loan/LDP Processing
- By LSAs
2
Workflow
- Obtain producer data for CCC Cotton A5
- Name, address, admin State, County code
- Tax ID number (same as used with FSA)
- Farm numbers
- Landlord data including shares
- Lien information
- Sales contracts
3
Workflow (Contd)
- Obtain FSA-211 if applicable
- Obtain CCC-10
- Conduct lien searches
- Obtain CCC-679
- Obtain or execute CCC 605 with POA
- Review beneficial interest
- Begin CCC 770 LSA checklist
- Obtain eligibility data and make determination
- Obtain DCIA certification
4
Privacy Act of 1974
- Protected data is any data that contains personal
identifying information including a personal name
and any of the following - SS number
- DOB
- Home address
- Financial info
- Other items, collections or groupings that
contains a personal name or ID number
5
Privacy Act of 1974
- Outside of government and approved facilities,
prohibits downloading and storage to - PCs
- Portable devices
- Hard disk drives
- Removable media
6
Privacy Act of 1974
- Data to be transmitted outside of government or
approved facilities must be encrypted or
otherwise protected - CMA process data via secure FTP
- ACRS by PKWARE
- 1099 data by PKWARE
- E-mail attachments by WinZip encryption
- Omitting producer ID numbers
7
FSA 211 and 211 A
- 22-CN paragraph 20 for instructions and examples
- Include attachment language
- Obtain signatures in proper format
- Be sure persons signing in a representative
capacity, have authority to sign
8
Signature Authority
- Video on signature authority
- 1-CM paragraphs 707-717
- Effective 11/20/06, any member of a general
partnership may sign for the partnership and bind
all members unless the Articles of Partnership
are more restrictive
9
Liens and Lien Waivers
- See 7 CN paragraph 124 for lien search policy
- At the time of each loan request, search for
recorded liens including federal and State tax
liens - Obtain CCC-679 including waivers from lien
holders where amounts are owed for ginning
charges
10
CCC-10
- 22 CN para 23.5
- Required after revision to article 9 of UCC
- Serves as CCCs intent to perfect a security
interest - Identifies jurisdiction in which to conduct lien
searches
11
CCC-605
- 22 CN para 24-27
- CCC 605 07/10/07 version
- Designate an electronic agent or agent to redeem
loans - CCC 605-2 09/19/00 version designation of
subsequent agent - CCC-605-1 09/19/00 Continuation sheet
12
Producer Eligibility Criteria
- 1-CMA paragraph 106
- HEL and WC compliance
- Actively engaged and person determination
- Acreage reporting
- Controlled substance convictions
- AGI compliance
- DCIA compliance
- FCIC fraud
13
Proposed CCC 746
- Request for manual eligibility determination
- Documents request and determinations
14
Combined Producers
- Examples
- Husband and wife
- Minor child and parent
- See field 19 in CMA eligibility record
- Contact control county for PLM
15
CCC 770 (LSA) Checklist
- 22-CN paragraph 30
- For each MAL or LDP
16
Actual Examples of CCC Forms
- LSA Document Examples
17
Pop Quiz
18
Do members of general partnerships have to
provide signature authority to bind all
partners?
19
No, unless member is restricted
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