USDA Form RD 402-1 Deposit Agreement Document
This file is a deposit agreement form issued by the United States Department of Agriculture (USDA) for Rural Development. It details obligations between the depositor, financial institution, and the government. It includes instructions for handling deposits, withdrawals, and required documentation.
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How do I fill this out?
This section will guide you on how to fill out the USDA Form RD 402-1 Deposit Agreement. Please follow the steps carefully to ensure accurate completion. Remember to have all necessary information on hand before starting.

How to fill out the USDA Form RD 402-1 Deposit Agreement Document?
1
Enter the names of depositors and government agency details.
2
Provide the financial institution's name and address.
3
Fill in the deposit details including account or certificate number.
4
Agree to and sign the conditions outlined in the form.
5
Submit the completed form along with the deposit slip as instructed.
Who needs the USDA Form RD 402-1 Deposit Agreement Document?
1
Individuals who are receiving loans or advances from USDA.
2
Financial institutions managing deposits related to USDA loans.
3
USDA Rural Development officers overseeing loan agreements.
4
Microborrowers using USDA Rural Revolving Funds for microloans.
5
Legal or financial advisors assisting with USDA loan agreements.
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1
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2
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What are the instructions for submitting this form?
Submit the completed form along with the deposit slip to the USDA office address listed on the front of the form. You may also email the completed form to ICRMTRequests@usda.gov or fax it to the appropriate USDA office. Ensure all required fields are accurately filled before submission. For any questions, contact the USDA at the provided email address.
What are the important dates for this form in 2024 and 2025?
Important dates for this form include the expiration date of 3/31/2026.

What is the purpose of this form?
The purpose of this form is to establish a deposit agreement between the depositor, the financial institution, and the United States Department of Agriculture (USDA). It ensures that loans or advances made by the USDA are secured and managed properly. The form outlines the rights and responsibilities of each party, ensuring compliance with federal regulations.

Tell me about this form and its components and fields line-by-line.

- 1. Names of Depositors: Enter the full names of the individuals or entities making the deposit.
- 2. Government Agency Name and Address: Provide the name and address of the USDA agency involved in the agreement.
- 3. Name and Address of Financial Institution: Include the name and full address of the bank, savings and loan, or credit union.
- 4. Social Security or IRS Tax No., DUNS No.: Enter the Social Security Number, IRS Tax Number, and DUNS Number as applicable.
- 5. County and State of Residence: Specify the county and state where the depositor resides.
- 6. Date of Deposit: Provide the date the deposit was made.
- 7. Account or Certificate Number: Indicate the account or certificate number associated with the deposit.
What happens if I fail to submit this form?
If you fail to submit this form, there could be several consequences.
- Loan Processing Delay: Delays in processing or disbursing USDA loans.
- Non-Compliance: Failure to comply with federal regulations governing USDA loans.
- Security Interest Issues: Potential issues with the security interest in deposited funds.
How do I know when to use this form?

- 1. Receiving USDA Loan: To manage deposits related to receiving a USDA loan.
- 2. Microloan Management: For making microloans and handling repayment transactions.
- 3. Security for Advances: To secure advances of funds made by the USDA.
Frequently Asked Questions
Can I edit the USDA Form RD 402-1 on PrintFriendly?
Yes, you can edit the USDA Form RD 402-1 using our PDF editor tool.
How do I fill out the deposit details on the form?
Use the text tool to enter deposit details such as account or certificate number.
Can I add my signature to the form on PrintFriendly?
Yes, you can add your signature using our built-in signing tool.
Is it possible to share the completed form online?
You can share the completed form via email or generate a shareable link.
How can I ensure all fields are completed accurately?
Double-check your information and use the editing tools to make corrections before saving.
Can I download the filled form for my records?
Yes, you can download the filled form once all necessary information is added.
What should I do if I need to make changes after signing?
You can re-open the document, make necessary edits, and re-apply your signature.
Are there instructions for submitting the form?
Yes, submission instructions are included on the form and within the provided content.
Is there a support contact if I have questions about the form?
For any questions, you can contact the USDA at ICRMTRequests@usda.gov.
How long does it take to complete this form?
The estimated time to complete this form is approximately 5 minutes.