Credit Evaluation School Dec 2022

AGRICULTURAL LOANS REAL ESTATE

What is it: A loan which is secured by farmland and known to be used or usable for agriculture purposes, such as crop and livestock production. Farmland includes grazing or pasture land, whether tillable or note and whether wooded or not.

6. PRIMARY DOCUMENTS REQUIRED:

☐ Promissory Note ☐ Mortgage or Deed of Trust (properly filed) ☐ Appraisal or Evaluation ☐ Independent Review of Appraisal or Evaluation ☐ Title Insurance Commitment or Preliminary Lien Search ☐ Title Insurance Policy or Title Opinion ☐ Evidence of Insurance ☐ Farm or Livestock Inspection ☐ Financial Statement ☐ Tax Returns

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