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Ensure privacy compliance and conduct thorough data processing for CCC Cotton A5 loans. Secure producer information, conduct lien searches, review beneficial interests, and determine eligibility for loan approval.
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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 • 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
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
Privacy Act of 1974 • Outside of government and approved facilities, prohibits downloading and storage to: • PC’s • Portable devices • Hard disk drives • Removable media
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
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
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
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
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
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
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
Proposed CCC 746 • Request for manual eligibility determination • Documents request and determinations
Combined Producers • Examples • Husband and wife • Minor child and parent • See field 19 in CMA eligibility record • Contact control county for PLM
CCC 770 (LSA) Checklist • 22-CN paragraph 30 • For each MAL or LDP
Actual Examples of CCC Forms • LSA Document Examples
Do members of general partnerships have to provide signature authority to bind all partners?
No, unless member is restricted