Which lender type needs to support their annual analysis documentation for guaranteed loan accounts to FSA?

The correct answer is the combination of SEL (State-Eligible Lender), MLP (Major Lender Participation), and CLP (Certified Lender Program). These lender types are all required to support their annual analysis documentation for guaranteed loan accounts to the Farm Service Agency (FSA).

Each of these lender types has specific guidelines and responsibilities when managing guaranteed loans, and being accountable for thorough documentation is essential to maintain compliance and transparency with governmental oversight. FSA relies on these annual analyses to monitor the lenders' performance and manage risk effectively.

In contrast, PLP (Preferred Lender Program) lenders have a different framework and set of requirements concerning their documentation and reporting obligations. Therefore, not all lender types are required to provide the same level of annual analysis documentation. Understanding the distinctions between these lender classifications and their regulatory responsibilities is crucial for anyone operating in or entering the farm lending space.