source:
  type: guide
  id: usda-hb-3555-10.3
  authority: USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶10.3 —
    Credit Report Requirements
  description: USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶10.3
    — Credit Report Requirements.
  coverage_tier: operative
obligations:
- id: usda-hb-3555-10.3-full
  canonical_id: usda-hb-3555-10.3-full
  section: USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶10.3 — Credit
    Report Requirements
  type: do
  tags:
  - regulator-direct
  - usda
  - usda-handbook
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶10.3
      — Credit Report Requirements
    source_class: usda-handbook
    source_url: https://www.rd.usda.gov/sites/default/files/hb-1-3555_consolidated.pdf
    snapshot_id: 0466acd1ea2d17a4
    fetched_at: '2026-05-25T14:10:13Z'
    content_hash: sha256:22ac6f998ff72578e318fca138ebe80fb18ae2fc701eb5936172f1842679a13a
    paragraph_quote: '10.3 CREDIT REPORT REQUIREMENTS Credit reports utilized to underwrite
      guaranteed loans must be from a recognized credit repository that is not affiliated
      with the lender. Eligible credit reports include: x Automated Merged Credit
      Reports: Also known as multi-merged (MMCR) and three-repository merged (TRMCR);
      and x Residential Mortgage Credit Report (RMCR). All credit reports must meet
      the requirements of Fannie Mae, Freddie Mac, HUD, or VA, which include but are
      not limited to the following: x Be no more than 120 days old on the day of loan
      closing; x Be accurate and complete; x Provide an account of the credit history
      and public record information for each applicant who is a party to the note;
      x Be submitted as an original document, either the original electronic version
      or the printed report delivered by the credit reporting agency; x Have no whiteouts,
      erasures, or alterations; x Indicate the name and address of the consumer reporting
      agency; x State the primary repository where specific information was pulled
      for each account listed; and x Show the name of the party that ordered the report.
      Lenders may follow credit repository guidelines, lending laws, etc. to determine
      if joint applicants must have separate credit reports. USDA does not require
      unmarried applicants to be on one credit report, loan application, Form RD 3555-21,
      etc. Applicants must ensure credit data frozen at any credit repository is made
      available. HB-1-3555 _____________________________________________________________________________
      (03-09-16) SPECIAL PN 10-3 Revised (08-05-25) PN 649 Guidance documents lack
      the force and effect of law, unless expressly authorized by statute or incorporated
      into a contract. USDA may not cite, use, or rely on any guidance that is not
      available through their guidance portal, except to establish historical facts.'
  judgment: false
