USDA RUS 793 Form

What is the USDA RUS 793?

The USDA RUS 793 form is a request for approval related to the sale of properties financed through the USDA Rural Development program. This form is essential for ensuring compliance with federal regulations governing the sale of properties that have received USDA funding. It serves as a formal request to the USDA for permission to proceed with the sale, ensuring that all parties involved adhere to the necessary guidelines and requirements.

How to use the USDA RUS 793

Using the USDA RUS 793 form involves several key steps. First, gather all necessary information regarding the property and the proposed sale. This includes details about the buyer, the sale price, and any outstanding obligations related to the property. Next, complete the form accurately, ensuring that all required fields are filled out. Once completed, submit the form to the appropriate USDA office for review. It is important to retain a copy for your records and to follow up on the status of your request.

Steps to complete the USDA RUS 793

Completing the USDA RUS 793 form requires careful attention to detail. Here are the steps to follow:

1. Gather all relevant documents, including the original loan agreement and any correspondence with the USDA.
2. Fill out the form, ensuring that all sections are completed accurately.
3. Provide supporting documentation as required, such as proof of the sale agreement and buyer qualifications.
4. Review the completed form for accuracy and completeness.
5. Submit the form to the designated USDA office, either online or by mail.

Legal use of the USDA RUS 793

The USDA RUS 793 form must be used in accordance with federal regulations governing USDA financing. This includes ensuring that the sale does not violate any existing agreements or obligations tied to the property. Legal use of the form also requires compliance with any state-specific regulations that may apply. Failure to adhere to these legal requirements can result in penalties or delays in the approval process.

Eligibility Criteria

Eligibility to use the USDA RUS 793 form typically depends on the status of the property and the nature of the sale. Properties financed through USDA programs must meet specific criteria, including being in good standing with all loan obligations. Additionally, the buyer must meet eligibility requirements set forth by the USDA, which may include income limits and residency status. It is essential to verify these criteria before submitting the form to ensure a smooth approval process.

Form Submission Methods

The USDA RUS 793 form can be submitted through various methods, depending on the specific requirements of the USDA office handling your request. Common submission methods include:

• Online submission through the USDA's electronic filing system.
• Mailing a hard copy of the completed form to the appropriate USDA office.
• In-person submission at designated USDA offices, where available.