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Agriculture Guarantee Forms
CROP
FARM
Disaster Relief
DROUGHT
| Form | Purpose |
|---|---|
| Form 1
Participating Lenders Agreement | Each Lender using WHEDA CROP loan guarantees must have a PLA |
| Form 2
ACH Agreement | An ACH agreement is required for the payment of fees |
| Form 3
Guarantee Reservation | Includes the lender, borrower, farm, loan and financial information |
| Form 4
Cash Flow Budget Worksheet | Listing of Income and Expenditures (used to calculate the Ending Cash Balance) |
| Form 5
Lender's Disbursement Record | To detail loan proceeds disbursement for Forbearance Agreements and Requests for Guarantee Payment |
| Form 6
Borrower's Affidavit | A statement related to eligibility, participating in crop insurance, use of funds and other requirements of the Borrower |
| Form 7
Lender's Warranty | A statement related to eligibility, the terms of the note, security agreement, collateral and other requirements of the Lender |
| Form 8
Guarantee Amount Increase Request | When a new note is to be written for an amount above the original amount |
| Form 9
Loan Modification Request | When there is a change in the payment structure, collateral or other terms of the loan |
| Form 10
Loan Status Notification | When a loan is paid in full, delinquent, non-accrual status, liquidating assets, entering a legal collection process, borrower files bankruptcy or other changes in loan status |
| Form 11
Forbearance Agreement | When the borrower has been unable to pay the CROP Loan originated by the Lender by it's original maturity date and the Borrower has requested relief from the immediate collection of the CROP loan |
| Form 12
Guarantee Payment Request | When the Lender requests WHEDA pay the guarantee due on the CROP loan |
| Rev Date | Form | Purpose | Use When |
|---|---|---|---|
| 4/16 | Agreement that allows a lender to submit requests for guarantees on loans. | To become a participating lender. | |
| 4/16 | Form 2
| To apply for a guarantee. | Submit as part of a complete application package. |
| 4/16 | Form 3
| To confirm the farmer's eligibility for a guarantee. | Submit as part of a complete application package. |
| 7/13 | To alert WHEDA of a defaulted loan, including the reason and collection efforts. | A loan payment has not been received within 30 days of its due date. | |
| 7/13 |
Form 5
| To provide WHEDA an itemized listing for all disbursements of loan proceeds. | Submit with Form 6 -Request for Guarantee Payment. |
| 7/13 | To request guarantee payment on a defaulted loan. | After all liquidation options have been pursued. | |
| 7/13 |
Form 7
| To notify WHEDA of changes to lender information such as contact person, mailing address, etc. | When lender information changes. |
| 4/16 | An ACH agreement is required for the payment of fees. | Payment of FARM closing fee. |
| Rev Date | Form | Purpose |
|---|---|---|
| 9/16 | Agreement that allows a lender to submit requests for guarantees on loans. | |
| 9/16 | Form 2
| To apply for a guarantee. |
| 9/16 | Form 3
| To detail loan proceeds disbursement for Forbearance Agreements and Requests for Guarantee Payment |
| 9/16 | Form 4
| A statement related to eligibility, the terms of the note, security agreement, collateral and other requirements of the Lender |
| 9/16 | Form 5
| When the borrower has been unable to pay the CROP Loan originated by the Lender by it's original maturity date and the Borrower has requested relief from the immediate collection of the Disaster Relief loan |
| 9/16 | To request guarantee payment on a defaulted loan. | |
| 9/16 | Form 8 | When a loan is paid in full, delinquent, non-accrual status, liquidating assets, entering a legal collection process, borrower files bankruptcy or other changes in loan status |
| 9/16 | Form 9
Loan Modification Request | When there is a change in the payment structure, collateral or other terms of the loan |
| 12/16 | Form 10 ACH Agreement | An ACH agreement is required for the payment of fees |
Rev Date | Form | Purpose | Use When |
|---|---|---|---|
| 7/12 | Agreement that allows a lender to submit requests for guarantees on Drought Loans. | To become a participating lender. | |
| 7/12 | Form 2
| To apply for a Drought guarantee | Submit as part of a complete application package. |
| 7/12 | Form 6
| Allows a modified repayment schedule between the farmer and lender on a loan that has matured and is otherwise due and payable. | A farmer requests relief from immediate collection of a Drought loan. |
| 7/12 | To request guarantee payment on a defaulted loan. | After all liquidation options have been pursued. | |
| 7/12 | Form 9
| To notify WHEDA of a change in loan status or anticipated default. | Notable change in loan status occurs or to secure guarantee during collection process. |
| 7/12 | Form 10
| To request approval of a change in loan terms. | Lender has sufficient reason to modify terms of original loan. |