Farm Assessments and updates always need to be entered here
What is the General Information screen - summarize and describe the business - does not document feasibility - should not duplicate the credit presentation
100
There are 3 types of balance sheets
What is Current, Post Close and Pro-forma - explain the difference
100
Numbers that appear in a white box were entered at this level - Numbers that appear in the gray were entered at this level
What is Summary level - Schedule level - if you delete items at the schedule level it will not automatically delete them at the summary level - need to be careful and also delete at the summary level to remove
100
The report package feature in the FBP provides 3 options for creating packages
What is State Loan Package, Service Center Loan Package (for all users at that Location) or User Loan Package
100
When the customer no longer has a credit relationship with FSA this field needs to be updated before the customer is removed from the Locator Screen
What is Credit Relationship Status
200
Existing FBP customers may have a red message that says "Default Model changed" in the upper left corner which means that they do not have the most current Gen Info Farm Assessment outline - to correct this you need to
What is access General - Related Entities - Add/Modify/Delete - General Information - Change
200
Personal liabilities should only be entered in 2 fields
What is Personal Current Liabilities or Personal Non-Current Liabilities
200
This is an informational field only in the Farm Liabilities screen that does not get added into the projection automatically
What is the Past Due field - user needs to manually add to the regular installment amount to get the total payment due in the next 12 months
200
Customers are required to sign these FBP forms at a loan closing (3 or 4 depending)
What is Balance Sheet Summary, Income/Expense Trend, Farm Assessment and Security Agreement (if applicable)
200
Can be Active, Credit Report/Eligibility Only, Special Classification Only, Guaranteed Loan Import or FSFL Only
What is the FBP Account Type - explain what these mean and why important
300
2 kinds of projections that can be used to document feasibility in credit presentations
What is a Current Projection and a Typical Year Projection (further analysis of long term feasibility)
300
These should not be used in the schedule level description field as may generate error messages or prevent data from being saved
What is single or double quote marks
300
When completing primary loan servicing with a deferral on an account labeling the projections is critical - suggested labels are
What is Before (Current As Is), During the Deferral, After the Deferral
300
FSA loan official is required to sign/e-sign these FBP forms
What is Farm Assessment, Credit Presentation, if applicable: e-DALRS Input, Environmental Checklist, EM Loan Calculation, Chattel Appraisal
300
All comments and entries that are exempt from disclosure are labeled this
What is FOIA Running Record
400
The 2 numbers loan officials need to review to determine feasibility
What is Margin After Debt Service and Ending Cash on Hand - refer to FBP User Guide page 75
400
When the customer's value differ from FSA's values it is best to use this type of balance sheet
What is a Dual Column Balance Sheet - need to select this under Report Setup and be sure that FSA's adjusted numbers are in the primary column and customer's numbers are in the secondary column - want to have calculations/ratios, etc. figured with the FSA numbers
400
When entering actual income/expense records beginning and ending balance sheets should be attached to correctly calculate ratios etc. - if you are unable to attach the beginning and ending balance sheets you need to attach
What is the same balance sheet for both the beginning and the end
400
These FBP forms must be locked
What is Balance Sheet Summary, Income/Expense Summary, Farm Assessment, Credit Presentation, e-DARLS Input Reports, Environmental Checklist, EM Loan Calculation, Running Record at the end of the year
400
A related entity must be added manually in the FBP under the following situations
What is a revocable trust or 1 member LLC where LLC is using the social security number of the individual member "Business using SSN" (identified by asterisk at end of related entity line to show it was manually entered into the FBP)
500
The number of credit action models that are available to select from
What is 11 - refer to page 98.13
500
Checking this box allows the asset to be used in the collateral analysis, chattel appraisal and security agreement
What is the Col box - collateral - user also needs to add an asterisk at the beginning of the description field which means FSA has a purchase money security interest in the item
500
Reconciliation of cash that has been run through the business can be seen on this report
What is the Income/Expense trend - explain why this is important and how to you do this
500
Certain defaults on this page are established by the national office and must not be changed
What is Reports Setup Screen
500
For accounts of FSA employees, or accounts that have covered relationships with FSA employees IAW 3-PM Para 141 the Location on the General Information screen need to be shown as
What is a Restricted Account - allowing access only by designated users