OXFORD – David Lavway, state executive director for USDA’s Farm Service Agency in Maine, has announced that direct loan borrowers with FSA can check the status of their accounts around the clock using a new toll-free telephone number.
The number, 1-888-518-4983, is available in English and Spanish. The system delivers information on active FSA loans 24 hours a day, seven days a week.
The telephone system provides direct loan borrowers with the loan number, original loan amount, unpaid principal, if the borrower is delinquent and the amount of the delinquency, due date of next installment, principal and interest amount of next installment, date last payment was received, amount of interest paid in current calendar year and amount of interest paid for prior loan year.
The system menu assists users access helpful information. The system may also direct borrowers to contact their local FSA servicing office if action is necessary on their accounts.
Borrowers can use FSA loans to purchase land, livestock, equipment, feed, seed and supplies, construct buildings or make farm improvements. Special loan programs also exist for rural youth.
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