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This form is available electronically. U.S. DEPARTMENT OF AGRICULTURE CCC-681 Commodity Credit Corporation (09-28-10) AUTHORIZATION TO MOVE LOAN COLLATERAL FOR ROTATION OR TRANSFER 2A. Farm No. 1.
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How to fill out authorization to move loan

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How to fill out authorization to move loan:

01
Start by entering your personal information, such as your full name, address, and contact details, in the designated fields.
02
Provide the details of the loan you want to move, including the lender's name, loan amount, and any specific instructions or requirements provided by the lender.
03
Indicate if you are the borrower or a representative acting on behalf of the borrower. If you are acting as a representative, make sure to include your relationship to the borrower and provide your own contact information.
04
Carefully review the terms and conditions of the authorization form. Ensure that you understand the rights and responsibilities associated with moving the loan and that you agree to abide by them.
05
Sign and date the authorization form to acknowledge that all the information provided is accurate and that you authorize the move of the loan.
06
If necessary, provide any additional documentation or information requested by the lender, such as proof of identity or income verification, to complete the loan moving process.

Who needs authorization to move loan:

01
Borrowers who wish to move their loan from one lender to another will need to obtain authorization to do so. This authorization ensures that the loan can be legally transferred to a new lender.
02
In certain cases, representatives acting on behalf of the borrower, such as attorneys or loan brokers, may also require authorization to move the loan.
03
The specific requirements for obtaining authorization to move a loan may vary depending on the terms and conditions set by the current lender and the new lender. It is essential to consult with both parties to understand the necessary steps and documentation needed for the loan moving process.
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Authorization to move loan is a legal document that allows the transfer of a loan from one lender to another.
The current lender is required to file authorization to move loan in order to transfer the loan to a new lender.
Authorization to move loan must be filled out with the relevant loan details and signed by both the current and new lenders.
The purpose of authorization to move loan is to officially transfer the rights and responsibilities of the loan from one lender to another.
Authorization to move loan must include details such as loan amount, borrower information, current lender details, and new lender information.
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