Rural Development Form 1980-21 has been updated. The new version of the form (Rev. 02-13) recently posted at http://forms.sc.egov.usda.gov/efcommon/eFileServices/eForms/RD1980-21.PDF has the following Debt Collection Improvement Act (DCIA) statement removed from page 2:
“I (we) certify and acknowledge that if the Agency pays a loss claim on the requested loan to the lender, I (we) will reimburse the Agency for that amount. If I (we) do not, the Agency will use all remedies available to it, including those under the Debt Collection Improvement Act, to recover on the Federal debt directly from me (us). The Agency’s right to collect is independent of the lender’s right to collect under the guaranteed note and will not be affected by any release by the lender of my (our) obligation to repay the loan. Any Agency collection under this paragraph will not be shared with the lender.”
The update to the new version will take effect in ConformX on February 14, 2013. If you have any questions or concerns about this update, please contact Client Support at 1.800.497.3584.
February 13, 2013