La. Admin. Code tit. 7, pt. III, ch. 1, III-138, exh. III-B

Current through Register Vol. 50, No. 9, September 20, 2024

Exhibit III-B - FORM OF PROPOSAL TO SELL

AGRICULTURAL LOANS

LOUISIANA AGRICULTURAL

FINANCE AUTHORITY

SECURITIZED AGRICULTURAL

REVENUEBOND PROGRAM

Louisiana Agricultural Finance Authority

12055 Airline Highway

Baton Rouge, Louisiana 70816

Sir:

The (Name of Lender) (the "Lender") hereby requests to participate in the Securitized Agricultural Revenue Bond Program of the Louisiana Agricultural Finance Authority (the "Authority").

1. Name of Lender

2. Jurisdiction of Organization and Date of Incorporation

3. Address and Telephone Number of Principal Officer

4. Name and Title of Person to whom correspondence with regard to this Program should be addressed.

5. Description of Loans. Please provide the following information with respect to each existing or proposed loan which the lender desires to sell.

a. Total amount of loan

b. Date of loan

c. Eligible loan

i. When does the loan mature?

ii. How is principal payable (e.g., monthly, quarterly, semiannually, annually, at maturity)?

iii. How is interest payable (e.g., monthly, quarterly, semiannually, annually, at maturity)?

iv. What is the interest rate on the loan?

d. Please attach the amortization schedule of the loan, showing when principal is payable (e.g., monthly, quarterly, semiannually, annually, at maturity), when the principal comes due and on what dates.

e. Project financed

i. location

ii. description of project

6. Dollar amount of loan to be financed by the Authority.

7. If existing, does lender which to refinance loans to be sold?

8. If yes, please give desired length and terms of refinanced loans.

La. Admin. Code tit. 7, pt. III, ch. 1, III-138, exh. III-B