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Form RD 1924-10 is a document called "Architect-Engineer Contract" used by the United States Department of Agriculture (USDA) Rural Development Program. It is used in the contracting process for architectural or engineering services related to construction projects funded by USDA Rural Development. The form outlines the terms and conditions of the contract, including project scope, compensation, and deliverables, among other details.

Form RD 1924-10 is used by the United States Department of Agriculture (USDA) Rural Development Program. It is specifically for the purpose of debt settlement for a borrower who is unable to repay their loan. Therefore, individuals or entities who have borrowed funds from the USDA Rural Development Program and are seeking to settle their debt may be required to file Form RD 1924-10. However, it is recommended to consult with a financial advisor or contact the USDA directly for specific guidance on who exactly is required to file this form.

To accurately fill out form RD 1924-10, follow the steps below: 1. Write the date of the form completion at the top of the form. 2. Complete Box 1: Borrower's Name and Address. Enter the name(s) of the borrower(s) and their complete address, including the street, city, state, and zip code. 3. Complete Box 2: Project Name and Address. Enter the name of the project and its complete address, including the street, city, state, and zip code. 4. Complete Box 3: Name, Title, and FHA Approval Number. Provide the name and title of the person authorized to execute the Letter of Conditions (LOC) on behalf of the lender. If applicable, include the FHA approval number. 5. Complete Box 4: Borrower's Agreement Number. Enter the agreement number assigned by the borrower or the loan closing documents. 6. Complete Box 5: Release Date of Loan. Indicate the date on which the loan was released for the borrower's use. 7. Complete Box 6: Housing Plan Number. If applicable, enter the housing plan number or type provided by the borrower. 8. Complete Box 7: Amount Approved for Loan. Fill in the amount approved for the loan or the portion of the total project cost covered by the loan. 9. In Box 8, select the appropriate statement that indicates if the project is either HUD/FHA/HCFP -insured, bonded, or uninsured. 10. Complete Box 9: Initial Release. Enter the initial release date and the amount needed by the borrower before the actual loan closing. 11. In Box 10, check the appropriate option to indicate if the initial release was previously provided or not. 12. Complete Box 11: Final Release. Indicate the estimated or actual date when the final release of funds is expected to occur. 13. In Box 12, check the appropriate statement to indicate if the borrower has adequate funds to complete the project. 14. Complete Box 13: Other Loans. If the project has multiple sources of financing, provide details about other loans secured for the project. Include the loan application number, name of the lender, and the amount of the loan. 15. Both the borrower and the lender must sign and date the form in the respective spaces provided at the bottom. Ensure that you review the form and double-check all the provided information for accuracy and completeness before submitting it.

Form RD 1924-10 is used by the United States Department of Agriculture's (USDA) Rural Development program. The purpose of this form is to document and assess the financial and technical feasibility of a proposed housing project. It is specifically used in the development of Section 515 Rural Rental Housing loans. The form collects essential information about the project, such as the borrower's name, project location, financial projections, cost estimates, and additional details related to the proposed housing development. The information provided in this form helps Rural Development determine whether the project aligns with the program's objectives and whether it is financially viable. By completing Form RD 1924-10, borrowers can apply for Section 515 loans granted by Rural Development, which are intended to finance affordable rental housing projects in rural areas.

Form RD 1924-10, also known as the Application for Loan Guarantee, requires the following information to be reported: 1. Borrower Information: Name, address, contact details, Social Security number or Tax ID number. 2. Project Description: Details about the proposed project, including the purpose of the loan, type of loan, and amount requested. 3. Loan Information: Amount of loan requested, interest rate, loan term, and loan purpose. 4. Collateral Information: Description of collateral offered to secure the loan, including its value and type. 5. Income and Debt Information: Income details, such as sources and amounts, as well as debt obligations of the borrower. 6. Statement of Financial Condition: Reporting the borrower's assets, liabilities, and net worth. 7. Guarantor Information: If applicable, details of any guarantors for the loan, including their assets and liabilities. 8. Certification: The borrower's signature, certifying that the information provided on the form is true and accurate. It is essential to carefully review the instructions and requirements provided with the form to ensure all necessary information is included in the application.

The penalty for late filing of Form RD 1924-10 is typically a late fee. The specific amount may vary depending on the organization or agency that requires the form to be filed. It is recommended to review the instructions or guidelines provided by the relevant organization to determine the specific penalty amount.

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