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FORM APPROVED OMB NO. 0575-0118 ADVISE NUMBER USDA Form RD 1956-1 Rev. 2-94 TAXPAYER IDENTIFICATION NUMBER STATE AND COUNTY OFFICE CODE APPLICATION FOR SETTLEMENT OF INDEBTEDNESS COMPROMISE DATE CASE NO. Position 2 RD 1956-1 Rev. 2-94 E In making this offer of settlement I we understand and agree that 1 the amount offered will be deposited in the United States Treasury and held in suspense pending consideration of the offer 2 if the offer is acce...
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How to fill out usda form rd 1956

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How to fill out USDA form RD 1956:

01
Start by downloading the USDA form RD 1956 from the official website or obtain a physical copy from your local USDA office.
02
Read the instructions carefully to understand the purpose and requirements of the form.
03
Begin by entering the date of the application and your personal information in the relevant sections of the form, such as name, address, and contact details.
04
Provide the details of the loan or grant program you are applying for, including the loan or grant type, amount, and purpose.
05
Fill in the necessary information regarding your income, such as your employment details, salary, and any additional sources of income.
06
Include information about your current debts and obligations, including any outstanding loans or credit card balances.
07
Provide details about the property or project for which you are seeking funding, such as its location, size, and intended use.
08
If required, attach any additional documentation requested, such as financial statements or project plans, as specified in the instructions.
09
Review the completed form thoroughly to ensure all information is accurate and complete.
10
Sign and date the form, and make a copy for your records before submitting it to the designated USDA office.

Who needs USDA form RD 1956:

01
Individuals or businesses applying for loans or grants from the United States Department of Agriculture (USDA) may need to fill out form RD 1956.
02
This form is typically required for USDA programs related to rural development, housing, community facilities, or business development initiatives.
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The form may be necessary for various purposes, such as securing funding for purchasing or improving property, starting or expanding a business, or implementing community development projects in rural areas.
04
The form is usually used to gather information about the applicant's financial situation, income, debts, and the details of the property or project being financed.
05
It is essential to consult the specific guidelines of the USDA program you are applying for to determine if form RD 1956 is required.

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USDA Form RD 1956 is a U.S. Department of Agriculture (USDA) form used to apply for a loan or grant through the Rural Development program. It is used to apply for various types of loans, grants, and programs including direct loans, guaranteed loans, grants, and loans for energy efficiency/renewable energy projects. The form also includes instructions for completing the application and a listing of Rural Development offices.
USDA Form RD 1956 is a form used to document the transfer of property from the USDA to a third party. It is used to document the transfer of title and ownership of land, buildings, and other assets from the USDA to a third party, and is also used to document the terms and conditions of the transfer.
The deadline to file USDA Form RD 1956 in 2023 has not yet been determined.
The penalty for the late filing of USDA Form RD 1956 is a late filing fee of $25 per day, up to a maximum of $750.
USDA Form RD 1956 is typically used by rural development borrowers or applicants seeking financial assistance from the United States Department of Agriculture (USDA). This form is often required for loan applications or requests for loan servicing, and the specific requirements for filing this form may depend on the individual's circumstances and the program they are applying for. It is recommended to consult with a USDA representative or lender to determine whether you need to file this form in your specific situation.
To fill out USDA Form RD 1956, also known as the "Request for Single Family Housing Loan Guarantee," follow the steps below: 1. Download the form: Visit the USDA Rural Development website or search online for "USDA Form RD 1956" and download the form in PDF format. 2. Read the instructions: Carefully go through the instructions provided at the beginning of the form. Familiarize yourself with the requirements and conditions for filling out the form. 3. Personal information: Fill in the borrower's personal information accurately. This includes the individual's name, social security number, date of birth, current address, phone number, and email address. 4. Loan information: Provide all the necessary loan information, such as the loan amount requested, loan type (guaranteed or direct), loan term, and anticipated closing date. 5. Property information: Enter details about the property being financed. This includes the property's address, county, state, and zip code. Also, provide information about the current owner, including their name, social security number, and address. 6. Type of assistance requested: Select the appropriate type of assistance being requested from the USDA, such as a Guaranteed Loan or specific subsidy requested. 7. Employment information: Provide details about your current employment, including the employer's name, address, and phone number. Indicate employment history for the past two years, including name, address, and phone number of previous employers. 8. Income information: Fill in information about your income and sources of income, such as employment, self-employment, retirement, and other sources of income. Provide accurate information about your gross monthly income and any debts or obligations. 9. Assets: List all your assets, such as savings accounts, checking accounts, real estate, vehicles, stocks, bonds, and other investments. 10. Certification and authorization: Sign and date the form, certifying that the information provided is true and complete, and authorize the release of information to verify the details provided. 11. Submitting the form: After completing the form, make a copy for your records and send the original to the appropriate USDA Rural Development office. It is advisable to submit the form via certified mail or using a delivery service that offers tracking to ensure it reaches its destination. Always ensure that the form is filled out accurately and completely to avoid delays or potential issues with your loan application. If you have any questions or need further assistance, consider reaching out to the USDA Rural Development office or a loan officer for guidance.
The USDA Form RD 1956-1, Application for Rural Development Direct Loan and Grant Assistance, includes the following information that must be reported: 1. Borrower Information: Name, address, contact information, Social Security Number, and/or employer identification number. 2. Type of Assistance Requested: Indicate whether the application is for a loan, grant, or loan and grant combination. 3. Property Description: Provide details about the property for which the assistance is being requested, including address, legal description, and zoning information. 4. Financial Information: Submit income and asset information for all individuals involved in the application, including wage earners, self-employed individuals, and any other sources of income. 5. Debt Ratios: Calculate and report the applicant's housing expense ratio and debt-to-income ratio. This helps determine the applicant's ability to repay the loan. 6. Authorization: Sign and date the form, authorizing the USDA to verify the information provided and process the application. 7. Other Information: Depending on the specific circumstances, additional information may be required. This can include details about existing loans, financial statements, tax returns, and more. It's important to note that the specific requirements and information needed may vary depending on the specific loan or grant program, project, and the jurisdiction where the application is being submitted. It is recommended to consult the USDA's guidance and instructions for the specific Form RD 1956 being used for an accurate and complete understanding of the information required.
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