Mortgage Loan Application Summary

mm/dd/yy

Home Phone (Incl. Area Code)

Form RD **0-4 Form Approved

(Rev. 10-06) Position 3 OMB No. 0575-0172

APPLICATION FOR RURAL ASSISTANCE (NONFARM TRACT)

Uniform Residential Loan Application

This application is designed to be completed by the applicant with the lender's assistance. Applicants should complete this form as ''Applicant #1 '' or ''Applicant #2", as applicable. All Applicants must provide information (and the appropriate box checked) when the income or assets of a person other than the ''Applicant '' (including the Applicant's spouse) will be used as a basis for loan qualification or the income or assets of the Applicant's spouse will not be used as a basis for loan qualification, but his or her liabilities must be considered because the Applicant resides in a community property state, the security property is located in a community property state, or the Applicant is relying on other property located in a community property state as a basis for repayment of the loan. I. TYPE OF MORTGAGE AND TERMS OF LOAN

Mortgage V.A. Conventional Other: Agency Case Number Lender Account Number Applied for: FHA USDA/Rural Housing Service

Amount Interest Rate No. of Months Amortization Fixed Rate Other (Explain): Type:

$ % GPM ARM (Type):

II. PROPERTY INFORMATION AND PURPOSE OF LOAN

Subject Property Address (Street, City, State, ZIP) No. of Units Legal Description of Subject Property (Attach description if necessary) Year Built Purpose of Loan Purchase Construction Other (Explain): Property will be: Primary Secondary

Refinance Construction-Permanent Residence Residence Investment Complete this line if construction or construction-permanent loan. Original Cost Amount Existing Liens (a) Present Value of Lot (b) Cost of Improvements Total (a + b)

$ $ $ $ $

Complete this line if this is a refinance loan. Purpose of Refinance Describe Improvements Year Amount Existing Liens To be made

Acquired Original Cost Made

$ $ Cost: $

Title will be held in what Name(s) Manner in which Title will be held Estate will be held in: Fee Simple

Source of Down Payment, Settlement Charges and/or Subordinate Financing (Explain) Leasehold

(Show expiration date)

Ill. APPLICANT INFORMATION

Applicant #1 Applicant #2

Name (include Jr. or Sr. if applicable) Name (Include Jr. or Sr. if applicable) Social Security Number DOB Yrs. School Social Security Number Home Phone (Incl. Area Code) DOB Yrs. School Unmarried (Include single

divorced, widowed)

Married Dependents (Not listed by Applicant #2) Married Dependents (Not listed by Applicant #1) No. Ages No

.

Separated Ages

Present Address (Street, City State, ZIP) Own Rent No. Yrs. Present Address (Street, City, State, ZIP) Own Rent No. Yrs. Mailing Address if different from Present Address

Former Address (Street, City State, ZIP) Own Rent No. Yrs. Former Address (Street, City, State, ZIP) Own Rent No. Yrs. Freddie Mac Form 65 Page 1 of 10 Fannie Mae Form 1003 According to the Paperwork Reduction Act 1995, an agency may not conduct or sponsor, and a person is not are required to respond to a collection of information unless it displays a valid OMB control number. The valid OMB control number for this information collection is 0575-0172. The time required to complete this information collection is estimated to average 1-1/2 hours per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. Unmarried (Include single

Separated divorced, widowed)

Year Lot

Acquired

mm/dd/yy

Mailing Address if different from Present Address

If residing at present address for less than two years, complete the following: IV. EMPLOYMENT INFORMATION

Applicant #1 Applicant #2

Name & Address of Employer Self-Employed Name & Address of Employer Self-Employed Position/Title/Type of Business Business Phone (Incl. Area Code) Position/Title/Type of Business Business Phone (Inct. Area Code) If employed in current position for less than two years or if currently employed in more than one position, complete the following: Dates (From > To)

Monthly Income

$

Monthly Income

$

Name & Address of Employer Self-Employed Name & Address of Employer Self-Employed Position/Title/Type of Business Business Phone (Incl. Area Code) Position/Title/Type of Business Business Phone (Incl. Area Code) Monthly Income

$

Name & Address of Employer Self-Employed Name & Address of Employer Self-Employed Monthly Income

Position/Title/Type of Business Business Phone (Incl. Area Code) Position/Title/Type of Business Business Phone (Incl. Area Code) V. MONTHLY INCOME AND COMBINED HOUSING EXPENSE INFORMATION Gross Monthly Income Applicant #1 Applicant #2 Total Combined Monthly Housing Expense Present Proposed Base Empl. Income* $ $ $ Rent $

Overtime First Mortgage (P&I) $

Bonuses Other Financing (P&I)

Commissions Hazard Insurance

Dividends/Interest Real Estate Taxes

Net Rental Income Mortgage Insurance

Other (Before completing

see the notice in "describe

other income," below

Homeowner Assn. Dues

Other

Total $ Total $

*Self Employed Applicant may be required to provide additional documentation such as tax returns and financial statements. Describe Other Income Notice: Alimony, child Support, or separate maintenance income need not be revealed if the A1/A2 Applicant #1, (A 1) or Applicant #2 (A2) does not choose to have it considered for repaying this loan. Monthly Amount Freddie Mac Form 65 Page 2 of 10 Fannie Mae Form 1003 Yrs./Mos. on the job Yrs./Mos. on the job

Yrs/Mos. employed in this

line of work/profession line of work/profession

Yrs/Mos. employed in this

Dates (From > To)

Dates (From >To)

Dates (From > To)

$

$ $ $

VI. ASSETS AND LIABILITIES

This Statement and any applicable supporting schedules may be completed jointly by both married and unmarried Applicants if their assets and liabilities are sufficiently joined so that the Statement can be meaningfully and fairly presented on a combined basis; otherwise separate Statements and Schedules are required. If the Applicant #2 section was completed about a spouse, this Statement and supporting schedules must be completed about that spouse also. Completed Jointly Not Jointly

Liabilities and Pledged Assets. List the creditor's name, address and account number for all outstanding debts, including automobile loans, revolving charge accounts, real estate loans, alimony, child support, stock pledges, etc. Use continuation sheet, if necessary. Indicate by those liabilities which will be satisfied upon sale of real estate owned or upon refinancing of the subject property.

ASSETS Cash or Market

Description Value

Cash deposit toward purchase held by: $

Monthly Payment & Unpaid

LIABILITIES Months Left to Pay Balance

Name and Address of Company $ Payment/Months $

List checking and saving accounts below

Name and Address of Bank, S&L, or Credit Union

Acct. No.

Name and Address of Company $ Payment/Months $

Acct. No. $

Name and Address of Bank, S&L, or Credit Union

Acct. No.

Name and Address of Company $ Payment/Months $

Acct. No. $

Name and Address of Bank, S&L, or Credit Union

Acct. No.

Name and Address of Company $ Payment/Months $

Acct. No. $

Name and Address of Bank, S&L, or Credit Union

Acct. No.

Name and Address of Company $ Payment/Months $

Acct. No. $

Stocks & Bonds (Company name/number &

description)

$

Acct. No.

Name and Address of Company $ Payment/Months $

Life insurance net cash value $

Face amount: $

Subtotal Liquid Assets $

Real estate owned (Enter market value

from schedule of real estate owned)

$

Acct. No.

Vested interest in retirement fund $ Name and Address of Company $ Payment/Months $ Net worth of business(es) owned

(Attach financial statement)

$

Automobiles owned (Make and year) $

Acct. No.

Alimony/Child Support/Separate Maintenance

Payments Owed to:

$

Other Assets (Itemize) $

Job Related Expense (Child care, union dues, etc.) $ Total Monthly Payments $

Total Assets a. $ Net (a minus Worth b) $ Total Liabilities b. $ Freddie Mac Form 65 Page 3 of 10 Fannie Mae Form 1003

$

$

$

$

$

$

$

$

$

VI. ASSETS AND LIABILITIES (cont.)

Schedule of Real Estate Owned (If additional properties are owned, use continuation sheet.) Insurance

Properly Address (Enter S if sold, PS if pending sale Type of Present Amount of Gross Mortgage Maintenance Net Property Market Value Mortgage & Liens Rental Income Payments Taxes & Misc. Rental Income

$ $ $ $ $

Totals $ $ $ $ $ $

List any additional names under which credit has previously been received and indicate appropriate creditor name(s) and account number(s): Creditor Name Account Number

VII. DETAILS OF TRANSACTION VIII. DECLARATIONS

If you answer ''Yes'' to any questions a through i, please use continuation sheet for explanation.

a. Purchase price $ Applicant #1 Applicant #2

b. Alterations, improvements, repairs Yes No

a. Are there any outstanding judgments against you? b. Have you been declared bankrupt within the past 7 years? c. Have you had property foreclosed upon or given title or deed in lieu thereof in the last 7 years?

d. Are you a party to a lawsuit?

c. Land (If acquired separately)

d. Refinance (incl. debts to be paid off)

e. Estimated prepaid items

e Have you directly or indirectly been obligated on any loan which resulted in foreclosure, transfer of title in lieu of foreclosure, or judgment? (This would include such loans as home mortgage loans. SBA loans, home improvement loans, educational loans, manufactured (mobile) home loans, any mortgage, financial obligation, bond, or loan guarantee. If ''Yes, " provide details, including date, name, and address of Lender, FHA or V.A. case number, if any, and reasons for the action.) f. Estimated closing costs

g, PMI, MIP, Funding Fee

h. Discount (If Borrower will pay)

i. Total Costs (Add items a through h)

f. Are you presently delinquent or in default on any Federal debt or any other loan mortgage, financial obligation, bond, or loan guarantee? If ''Yes,'' give details as described in question e. above.

j. Subordinate financing

k. Borrower's closing costs paid by Seller

g. Are you obligated to pay alimony, child support, or separate maintenance? I. Other Credits (Explain)

h. Is any part of the down payment borrowed?

i. Are you a co-maker or endorser on a note?

j. Are you a U.S. citizen?

l. Do you intend to occupy the property as your primary residence? If ''Yes," complete question m. below.

m. Loan amount

(Exclude PMI, MIP Funding Fee financed)

m. Have you had ownership interest in a property in the last 3 years? n. PMI, MIP, Funding Fee financed

(1 ) What type of property did you own-principal residence (PR), second home

(SH), or investment property (IP)?

(2) How did you hold title to the home-solely by yourself (S), jointly with your spouse (SP), or jointly with another person (0)?

o. Loan amount (Add m & n)

p. Cash from/to Borrower

(Subtract j, k, l, & o from i)

Freddie Mac Form 65 Page 4 of 10 Fannie Mae Form 1003

$

Yes No

or R if rental being held for income)

Alternative Name

k Are you a permanent resident alien?

IX. ACKNOWLEDGMENT AND AGREEMENT

Applicant's Signature Date Applicant's Signature Date X X

X. INFORMATION FOR GOVERNMENT MONITORING PURPOSES

BORROWER

American Indian or

Alaska Native

Race

Native Hawaiian or

Other Pacific Islander

Asian

Hispanic or Latino

White

Sex: Female Male Sex: Female Male

To be Completed by Interviewer Interviewer's Name (Print or type) Name and Address of Interviewer's Employer face-to-face interview Interviewer's Signature Date by mail

by telephone Interviewer's Phone Number (Incl. Area Code) Continuation For/Residential Loan Application

Use if you need more space to Applicant #1 (Al) Agency Account Number: complete the Residential Loan

Application Mark A1 for Applicant

#1 or A2 for Applicant #2 Applicant #2 (A2) Lender Account Number: Freddie Mac Form 65 Page 5 of 10 Fannie Mae Form 1003 Black or

African American

Each of the undersigned specifically represents to Lender and to Lender's actual or potential agents, brokers, processors, attorneys, insurers, services, successors and assigns and agrees and acknowledges that: (1) the information provided in this application is true and correct as of the date set forth opposite my signature and that any intentional or negligent misrepresentation of this information contained in this application may result in civil liability, including monetary damages, to any person who may suffer any loss due to reliance upon any misrepresentation that I have made on this application, and/or in criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Sec. 1001, et seq.; (2) the loan requested pursuant to this application (the ''loan'') will be secured by a mortgage or deed of trust on the property described herein, (3) the property will not be used for any illegal or prohibited purpose or use; (4) all statements made in this application are made for the purpose of obtaining a residential mortgage loan; (5) the property will be occupied as indicated herein; (6) any owner or servicer of the Loan may verify or reverify any information contained in the application from any source named in this application, and Lender, its successors or assigns may retain the original and/or an electronic record of this application, even if the Loan is not approved; (7) the Lender and its agents, brokers, insurers, servicers, successors and assigns may continuously rely on the information contained in the application, and I am obligated to amend and/or supplement the information provided in this application if any of the material facts that I have represented herein should change prior to closing of the Loan; (8) in the event that my payments on the Loan become delinquent, the owner or servicer of the Loan may, in addition to any other rights and remedies that it may have relating to such delinquency, report my name and account information to one or more consumer credit reporting agencies; (9) ownership of the Loan and/or administration of the Loan account may be transferred with such notice as may be required by law; (10) neither Lender nor its agents, brokers, insurers, servicers, successors or assigns has made any representation or warranty, express or implied, to me regarding the property or the condition or value of the property; and (11) my transmission of this application as an ''electronic record'' containing my ''electronic signature,'' as those terms are defined in applicable federal and/or state laws

(excluding audio and video recordings), or my facsimile transmission of this application containing a facsimile of my signature, shall be as effective, enforceable and valid as if a paper version of this application were delivered containing my original written signature. The following information is requested by the Federal Government for certain types of loans related to a dwelling in order to monitor the lender's compliance with equal credit opportunity, fair housing and home mortgage disclosure laws. You are not required to furnish this information, but are encouraged to do so. The law provides that a lender may discriminate neither on the basis of this information, or on whether you choose to furnish it. If you furnish the information, please provide both ethnicity and race. For race, you may check more than one designation. If you do not furnish ethnicity, race, or sex, under Federal regulations, this lender is required to note the information on the basis of visual observation or surname. If you do not wish to furnish the information, please check the box below. (Lender must review the above material to assure that the disclosures satisfy all requirements to which the lender is subject under applicable state law for the particular type of loan applied for.) I do not wish to furnish this information CO-BORROWER I do not wish to furnish this information Ethnicity: Not Hispanic or Latino Ethnicity: Hispanic or Latino American Indian or

Alaska Native

Race

Native Hawaiian or

Other Pacific Islander

Asian

White

Black or

African American

Internet

Not Hispanic or Latino

This application was taken by:

Additional Information Required for RHS Assistance 1. Loan Type: Section 502 Section 504 Loan Grant

APPLICANT #1 APPLICANT #2

2. Have you ever obtained a loan/grant from RHS? 3. Have you ever obtained a loan/grant from RHS? Yes No Yes No

4. Are you a relative to an RHS Employee or Closing agent/attorney? 5. Are you a relative to an RHS Employee or Closing agent/attorney? Yes No Yes No

If yes, who? If yes, who?

Relationship Relationship

6. Are you a Veteran? Yes No 7. Are you a Veteran? Yes No 8. Complete for all household members.

To be considered eligible for RHS assistance, all household income including any income not shown in Section V of this application, must be disclosed below: Do you want to be con-

sidered for an adjustment

from household income

because of a disabling

condition? y/n

Name Age Are you a Annual Source of Wage Income Annual Source of Non-Wage full time Wage (employer) Non-Wage Income (social security, student? Income Income alimony, child support,

y/n separate maintenance,

etc.)

9. Child Care (Minors who are 12 years of age or under for whom you have to hire a babysitter or leave at a child care center) Cost per week $ Cost per month $

11. Characteristics of Present Housing

Yes No

Lack complete plumbing Physically deteriorated or structurally unsound Lack adequate heating Overcrowded (More than 2 persons per room) 13. (For Section 504 Grants Only) I certify that as the condition of the grant, I/we will not engage in unlawful manufacture, distribution, dispensing, possession or use of a controlled substance in conducting any activity with the grant. 14. I am aware RHS does not warrant the condition or value of the property. Page 6 of 10 Form RD 410-4

Yes No

10. Name, Address and Telephone No. of Child care Provider(s). 12. Name, Address and Telephone Number of Present Landlord. Does the Dwelling:

Name, Address and Telephone Number of Previous Landlord(s). If residing at present address for less than two years, complete the following: Page 7 of 10 Form RD 410-4

15. Notices to Applicant

Privacy Act. See attached sheet.

Social Security Number. The Debt Collection Act of 1982, Pub. L. 97-365, and 31 U.S.C. 7701(c) require persons applying for a federally insured or guaranteed loan to furnish his or her social security number (SSN). Failure to provide your SSN will result in the rejection of your application. Right to Request Copy of Appraisal. You have the right to a copy of the appraisal report used in connection with your application for credit. It you wish a copy, please write us at the address of the Rural Development Field Office where you made application. In your written request, you must provide us with the complete name and address used when making application as well as a current mailing address. We must hear from you no later than 90 days after we notify you about the action taken on your credit application or you withdraw your application. The creditor, Rural Housing Service, may require you to reimburse the Agency for the cost of the appraisal. Right to Financial Privacy Act of 1978,12 U.S.C. 3401, et seq. You authorize RHS to have access to financial records held by financial institutions in connection with the consider- ation or administration of assistance to you. Financial records involving your loan and loan application will be available to RHS without further notice or authorization but will not be disclosed or released by RHS to another Government agency or department without your consent except as required or permitted by law. Federal collection policies for consumer debts: Delinquencies, defaults, foreclosures and abuses of mortgage loans involving programs of the Federal Government can be costly and detrimental to your credit, now and in the future. The Federal Government, as mortgage lender in this transaction, its agencies, agents and assigns, are authorized to take any and all of the following actions in the event loan payments become delinquent on the mortgage loan covered by this application: (1) Report your name and account information to a credit bureau; (2) Assess additional interest and penalty charges for the period of time that payment is not made; (3) Assess charges to cover additional administrative costs incurred by the Government to service your account; (4) Offset amounts owed to you under other Federal programs, (5) Refer your account to a private attorney, the United States Department of Justice, a collection agency, or mortgage servicing agency to collect the amount due, and foreclose the mortgage, sell the property, and seek judgment against you for any deficiency; (6) If you are a current or retired Federal employee, take action to offset your salary, or civil service retirement benefits; (7) Refer your debt to the Internal Revenue Service for offset against any amount owed to you as an income tax refund; and (8) Report any resulting written-off debt of yours to the Internal Revenue Service as your taxable income. All of these actions can and will be used to recover any debts owed when it is determined to be in the interest of the lender and/or Federal Government to do so. Unlawful Discrimination. "The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, or marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA's TARGET Center at 202-***-**** (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 14th and Independence Avenue, SW, Washington, DC 20250-9410 or call 202-***-**** (voice and TDD). USDA is an equal opportunity provider and employer." The Fair Housing Act prohibits discrimination in real estate-related transactions, or in the terms or conditions of such a transaction, because of race, color, religion, sex, disability, familial status, or national origin. It you believe you have been discriminated against for any of these reason you can write the U. S. Department of Housing and Urban Development, Washington, D.C. 20410 or call 800-***-****.

Certification. As the applicant, I certify to the best of my knowledge and belief; (1) I am not presently debarred, suspended, declared ineligible, or voluntarily excluded from covered transactions by any Federal department or agency; (2) I have not within a three year period preceding this proposal been convicted or had a civil judgment rendered against me for commission of fraud or a criminal offense in connection with obtaining, attempting to obtain, or performing a public (Federal, state, or local) transaction or contract under a public transaction; or commission of embezzlement, theft, forgery, bribery, falsification, or destruction of records, making false statement, or receiving stolen property; (3) I am not a judgment debtor on an outstanding judgment in favor of the United States which was obtained in any Federal court other than the United States Tax Court; and (4) I am not delinquent of any outstanding debt to the Federal Government (including any Federal agency or department). The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, sex, disability, familial status, national origin, marital status, age (provided the borrower has the capacity to enter into a binding contract), because all or a part of the applicant's income derives from any public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. If you believe you were denied a loan for this reason, you should contact the Federal Trade Commission, Washington, DC. 20580.

16. I AM unable to provide the housing I need on my own account, and I am unable to secure the credit necessary for this purpose from other sources upon terms and conditions which I can reasonably fulfill. I certify that the statements made by me in this application are true, complete to the best of my knowledge and belief and are made in good faith to obtain a loan.

SECTION 1001 OF TITLE 18, UNITED STATES CODE PROVIDES: ''WHOEVER, IN ANY MATTER WITHIN THE JURISDICTION OF ANY DEPART- MENT OR AGENCY OF THE UNITED STATES KNOWINGLY AND WILLFULLY FALSIFIES, CONCEALS OR COVERS UP BY ANY TRICK, SCHEME, OR DEVICE A MATERIAL FACT, OR MAKES ANY FALSE, FICTITIOUS OR FRAUDULENT STATEMENTS OR REPRESENTATIONS, OR MAKES OR USES ANY FALSE WRITING OR DOCUMENT KNOWING THE SAME TO CONTAIN ANY FALSE, FICTITIOUS OR FRAUDULENT STATEMENT OR ENTRY, SHALL BE FINED UNDER THIS TITLE OR IMPRISONED NOT MORE THAN FIVE YEARS, OR BOTH.'' NOTE TO APPLICANT: IF ANY INFORMATION ON THIS APPLICATION IS FOUND TO BE FALSE OR INCOMPLETE, SUCH FINDING, IN ADDITION TO POSSIBLE LIABILITY UNDER CIVIL AND CRIMINAL STATUS, MAY BE GROUNDS FOR DENIAL FOR THE REQUESTED CREDIT AND MAY BE A BASIS FOR DEBARMENT FROM PARTICIPATION IN ALL FEDERAL PROGRAMS UNDER 7 C.F.R. PART 3017. Date Signature of Applicant

X

Date Signature of Applicant

X

17. Date Signature of Loan Approval Official Determination of Eligibility Racial Data Provided by Eligible Not Eligible Applicant RHS

19. Credit Report Fee

Date Received: Amount Received: $

Initial:

Page 8 of 10 Form RD 410-4

.

18. Application received on

Application completed on

.

.

NOTICE TO APPLICANT REGARDING PRIVACY ACT INFORMATION The information requested on this form is authorized to be collected by the Rural Housing Service (RHS), Rural Business-Cooperative Services

(RBS), Rural Utilities Service (RUS) or the Farm Service Agency (FSA) (''the agency'') by title V of the Housing Act of 1949, as amended (42 U.S.C. 1471 et seq.) or by the Consolidated Farm and Rural Development Act (7 U.S.C. 1921 et seq.), or by other laws administered by RHS, RBS, RUS or FSA.

Disclosure of information requested is voluntary. However, failure to disclose certain items of information requested, including your Social Security Number or Federal Identification Number, may result in a delay in the processing of an application or its rejection. Information provided may be used outside of the agency for the following purposes:

1 . When a record on its face, or in conjunction with other records, indicates a violation or potential violation of law, whether civil, criminal or regulatory in nature, and whether arising by general statute or particular program statute, or by regulation, rule, or order issued pursuant thereto, disclosure may be made to the appropriate agency, whether Federal, foreign, State, local, or tribal, or other public authority responsible for enforcing, investigating or prosecuting such violation or charged with enforcing or implementing the statute, or rule, regulation, or order issued pursuant thereto, if the information disclosed is relevant to any enforcement, regulatory, investigative, or prosecutive responsibility of the receiving entity. 2. A record from this system of records may be disclosed to a Member of Congress or to a congressional staff member in response to an inquiry of the Congressional office made at the written request of the constituent about whom the record is maintained. 3. Rural Development will provide information from this system to the U.S. Department of the Treasury and to other Federal agencies maintaining debt servicing centers, in connection with overdue debts, in order to participate in the Treasury Offset Program as required by the Debt Collection Improvement Act, Pub. L. 104-134, Section 31001.

4. Disclosure of the name, home address, and information concerning default on loan repayment when the default involves a security interest in tribal allotted or trust land. Pursuant to the Cranston-Gonzales National Affordable Housing Act of 1990 (42 U.S.C. 12701 et seq.), liquidation may be pursued only after offering to transfer the account to an eligible tribal member, the tribe, or the Indian Housing Authority serving the tribe(s). 5. Referral of names, home addresses, social security numbers, and financial information to a collection or servicing contractor, financial institu- tion, or a local, State, or Federal agency, when Rural Development determines such referral is appropriate for servicing or collecting the borrower's account or as provided for in contracts with servicing or collection agencies. 6. It shall be a routine use of the records in this system of records to disclose them in a proceeding before a court or adjudicative body, when: (a) the agency or any component thereof; or (b) any employee of the agency in his or her official capacity; or (c) any employee of the agency in his or her individual capacity where the agency has agreed to represent the employee, or (d) the United States is a party to litigation or has an interest in such litigation, and by careful review, the agency determines that the records are both relevant and necessary to the litigation, provided; however, that in each case, the agency determines that disclosure of the records is a use of the information contained in the records that is compatible with the purpose for which the agency collected the records. 7. Referral of names, home address, and financial information for selected borrowers to financial consultants, advisors, lending institutions, packagers, agents and private or commercial credit sources, when Rural Development

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