Get Official Action Certificate Of Borrower(s)

Completing the Official Action Certificate of Borrower(s) is an essential step in securing financing through the Nebraska Investment Finance Authority. This guide provides clear and detailed instructions to help you successfully fill out the form online, ensuring that all necessary information is accurately provided.

Follow the steps to successfully complete the certificate online.

1. Click ‘Get Form’ button to obtain the form and open it in your online editor.
2. Begin by filling out the Project description. Include the legal description of the property, the total number of acres, and the nearest street intersection.
3. Provide details about any dwelling on the property. Enter the value of the dwelling and any structures, such as garages, along with any incidental land value.
4. List any existing or new farm buildings, equipment, or breeding stock included in the project. Ensure to indicate the value of each item.
5. Enter the county where the project is located, followed by the purchase price and the amount of loan requested.
6. Fill in the age of the borrower(s) and provide net worth information from financial statements, ensuring figures are accurate and current.
7. Describe your current agricultural operation or occupation, specifying any land rented or owned.
8. If relevant, state any past or current ownership interests in substantial farm land, including details about the location and size.
9. Outline the anticipated agricultural operation if the loan is approved.
10. Specify the percentage of time that the borrower will commit to active labor and management of the agricultural operation.
11. Provide details about any contracts related to the use of the project, including other involved parties.
12. If purchasing land, indicate its enrollment in the CRP Program, including details about involved land area and contract terms.
13. Report your gross and net farm sales for the preceding calendar year, referencing your federal income tax return.
14. Fill in the originating lender’s information.
15. Affirm various statements related to residency, previous financing, and intended use of loan proceeds, ensuring accuracy.
16. Sign the form, providing your printed name, mailing address, contact information, and social security number as required.
17. Review all entered information for accuracy before saving changes.
18. After completing all sections, download, print, and share the final form as necessary.

Complete your documents online today for a seamless filing experience.