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How to fill out the 1980 11 Usda online
This guide provides comprehensive and user-friendly instructions for completing the 1980 11 Usda form, also known as the Guaranteed Rural Housing Lender Record Change. By following these steps, users can efficiently fill out the form online, ensuring that all necessary information is accurately submitted.
Follow the steps to complete the 1980 11 Usda form online.
- Click the ‘Get Form’ button to obtain the 1980 11 Usda form and open it in your preferred online editing tool.
- In Block A, fill out the details for the transferor, including the lender's tax ID, USDA assigned branch number, lender name, address, city, state, and zip code. This information represents the lender that is transferring the loan.
- Move to Block B, where you will fill out the information for the holding lender. Provide the lender's tax ID, agency assigned branch number, lender name, address, city, state, and zip code. Ensure that this lender is RHS approved, as Ginnie Mae cannot be indicated as the holding lender.
- In Block C, complete the servicing lender's details, including tax ID, agency assigned branch number, lender name, address, city, state, and zip code. This lender will be responsible for servicing the loan after the transfer.
- Proceed to Block D, where you will enter the borrower's information. Include the borrower's social security number, name, address, city, state, and zip code. If there are multiple borrowers, you may attach a separate list with similar information.
- If the loan is securitized into a Ginnie Mae pool, mark an X in the designated box in Block D.
- Finally, sign the form in the designated area, print the name of the authorized lender representative, provide their date of signing, and include a telephone number for any inquiries.
Complete your 1980 11 Usda form online today and ensure your submissions are timely and accurate.
Form RD 3555-11, Lender Record Change has been revised to remove the social security number and protect the borrower's PII and data redundancy. All loans submitted on or after November 30th, must include the newly revised form RD 3555-21 with the August 2022 revision date.”
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