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Pre-Loan/LDP Processing

Pre-Loan/LDP Processing. By LSA’s. 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. Workflow (Cont’d). Obtain FSA-211 if applicable

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Pre-Loan/LDP Processing

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  1. Pre-Loan/LDP Processing By LSA’s

  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 (Cont’d) • 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: • PC’s • 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 CCC’s 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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