source:
  type: regulation
  id: usda-sfhglp-delegated-authority-2026
  authority: FR Doc. 2026-05387 — Single Family Housing Guaranteed Loan Program (Final rule)
  description: FR Doc. 2026-05387 (91 FR 13211, March 19, 2026) — USDA Rural Housing Service Final rule
    amending 7 CFR part 3555 to grant Delegated Lenders authority to make SFHGLP loans and obtain Loan
    Note Guarantees after closing via the Agency's automated underwriting and closing systems. Adds Sec.
    3555.55 and a Delegated Lender definition; removes the Sec. 3555.107(i)(5) self-certification option.
    Effective June 17, 2026. Verbatim, snapshot-verified.
obligations:
- id: usda-sfhglp-da-2026-agency-action
  canonical_id: usda-sfhglp-da-2026-agency-action
  section: Agency and Action
  type: reference
  tags:
  - round-b
  - regulator-direct
  - usda
  - sfhglp
  - federal-register
  - full-text
  - delegated-authority
  primary_source:
    tier: 1
    authority: FR Doc. 2026-05387 — Single Family Housing Guaranteed Loan Program (Final rule) — Agency
      and Action
    source_class: federal-register-text
    source_url: https://www.federalregister.gov/documents/full_text/text/2026/03/19/2026-05387.txt
    snapshot_id: ccb2d3ae5f95321f
    fetched_at: '2026-07-13T02:15:37Z'
    content_hash: sha256:4eba05c03179a061f71e9e1b7c7b192a1eb370d231b90148181f49ce6383ec2f
    paragraph_quote: 'AGENCY: Rural Housing Service, USDA.


      ACTION: Final rule.'
- id: usda-sfhglp-da-2026-summary
  canonical_id: usda-sfhglp-da-2026-summary
  section: Summary
  type: reference
  tags:
  - round-b
  - regulator-direct
  - usda
  - sfhglp
  - federal-register
  - full-text
  - delegated-authority
  primary_source:
    tier: 1
    authority: FR Doc. 2026-05387 — Single Family Housing Guaranteed Loan Program (Final rule) — Summary
    source_class: federal-register-text
    source_url: https://www.federalregister.gov/documents/full_text/text/2026/03/19/2026-05387.txt
    snapshot_id: ccb2d3ae5f95321f
    fetched_at: '2026-07-13T02:15:37Z'
    content_hash: sha256:4eba05c03179a061f71e9e1b7c7b192a1eb370d231b90148181f49ce6383ec2f
    paragraph_quote: "The Rural Housing Service (RHS or Agency), a Rural Development \n(RD) Agency within\
      \ the United States Department of Agriculture (USDA), \nis amending its regulations to grant Delegated\
      \ Lenders participating in \nthe Single-Family Housing Guaranteed Loan Program (SFHGLP) the \nauthority\
      \ to make loans and obtain Loan Note Guarantees after closing \nusing automated loan underwriting\
      \ and closing systems."
- id: usda-sfhglp-da-2026-dates
  canonical_id: usda-sfhglp-da-2026-dates
  section: Dates — Effective date
  type: reference
  tags:
  - round-b
  - regulator-direct
  - usda
  - sfhglp
  - federal-register
  - full-text
  - effective-date
  primary_source:
    tier: 1
    authority: FR Doc. 2026-05387 — Single Family Housing Guaranteed Loan Program (Final rule) — Dates
      — Effective date
    source_class: federal-register-text
    source_url: https://www.federalregister.gov/documents/full_text/text/2026/03/19/2026-05387.txt
    snapshot_id: ccb2d3ae5f95321f
    fetched_at: '2026-07-13T02:15:37Z'
    content_hash: sha256:4eba05c03179a061f71e9e1b7c7b192a1eb370d231b90148181f49ce6383ec2f
    paragraph_quote: "This Final rule is effective June 17, 2026. \nImplementation will occur on September\
      \ 28, 2028. The Agency will \npublish a notice in the Federal Register prior to implementation."
- id: usda-sfhglp-da-2026-statutory-authority
  canonical_id: usda-sfhglp-da-2026-statutory-authority
  section: Statutory Authority
  type: reference
  tags:
  - round-b
  - regulator-direct
  - usda
  - sfhglp
  - federal-register
  - full-text
  - statutory-authority
  primary_source:
    tier: 1
    authority: FR Doc. 2026-05387 — Single Family Housing Guaranteed Loan Program (Final rule) — Statutory
      Authority
    source_class: federal-register-text
    source_url: https://www.federalregister.gov/documents/full_text/text/2026/03/19/2026-05387.txt
    snapshot_id: ccb2d3ae5f95321f
    fetched_at: '2026-07-13T02:15:37Z'
    content_hash: sha256:4eba05c03179a061f71e9e1b7c7b192a1eb370d231b90148181f49ce6383ec2f
    paragraph_quote: "Section 201 of the Housing Opportunity Through Modernization Act of \n2016 (Pub.\
      \ L. 114-201) (42 U.S.C. 1472(h)(18)) authorizes the Secretary \nto delegate loan approval authority\
      \ to certain preferred lenders, and \nSection 510(k) of Title V of the Housing Act of 1949 (42 U.S.C.\
      \ \n1480(k)), as amended, authorizes the Secretary of the Department of \nAgriculture to promulgate\
      \ rules and regulations as deemed necessary to \ncarry out the purpose of that title."
- id: usda-sfhglp-da-2026-summary-of-rule-changes
  canonical_id: usda-sfhglp-da-2026-summary-of-rule-changes
  section: Summary of Rule Changes
  type: reference
  tags:
  - round-b
  - regulator-direct
  - usda
  - sfhglp
  - federal-register
  - full-text
  - delegated-authority
  primary_source:
    tier: 1
    authority: FR Doc. 2026-05387 — Single Family Housing Guaranteed Loan Program (Final rule) — Summary
      of Rule Changes
    source_class: federal-register-text
    source_url: https://www.federalregister.gov/documents/full_text/text/2026/03/19/2026-05387.txt
    snapshot_id: ccb2d3ae5f95321f
    fetched_at: '2026-07-13T02:15:37Z'
    content_hash: sha256:4eba05c03179a061f71e9e1b7c7b192a1eb370d231b90148181f49ce6383ec2f
    paragraph_quote: "Upon implementation of the Final rule, loan approval and issuance \nof the Loan\
      \ Note Guarantee will be delegated to the Delegated Lender. \nDelegated Lenders will be required\
      \ to use Agency automated loan \nunderwriting and closing systems to originate, process, close,\
      \ and \nservice loan applications in accordance with the published regulations \nand handbook guidance."
- id: usda-sfhglp-da-2026-def-delegated-lender
  canonical_id: usda-sfhglp-da-2026-def-delegated-lender
  section: Sec. 3555.10 — Definition of Delegated Lender
  type: definition
  tags:
  - round-b
  - regulator-direct
  - usda
  - sfhglp
  - federal-register
  - full-text
  - definition
  primary_source:
    tier: 1
    authority: FR Doc. 2026-05387 — Single Family Housing Guaranteed Loan Program (Final rule) — Sec.
      3555.10 — Definition of Delegated Lender
    source_class: federal-register-text
    source_url: https://www.federalregister.gov/documents/full_text/text/2026/03/19/2026-05387.txt
    snapshot_id: ccb2d3ae5f95321f
    fetched_at: '2026-07-13T02:15:37Z'
    content_hash: sha256:4eba05c03179a061f71e9e1b7c7b192a1eb370d231b90148181f49ce6383ec2f
    paragraph_quote: "Delegated Lender. An entity that meets the requirements under Sec. \n3555.51 and\
      \ has been delegated authority by the Agency to underwrite \nand approve loans that meet the requirements\
      \ of this part without prior \nreview and approval by Agency staff, unless provided otherwise in\
      \ this \npart."
- id: usda-sfhglp-da-2026-3555-55-general
  canonical_id: usda-sfhglp-da-2026-3555-55-general
  section: Sec. 3555.55(a) — General requirements
  type: do
  tags:
  - round-b
  - regulator-direct
  - usda
  - sfhglp
  - federal-register
  - full-text
  - delegated-authority
  primary_source:
    tier: 1
    authority: FR Doc. 2026-05387 — Single Family Housing Guaranteed Loan Program (Final rule) — Sec.
      3555.55(a) — General requirements
    source_class: federal-register-text
    source_url: https://www.federalregister.gov/documents/full_text/text/2026/03/19/2026-05387.txt
    snapshot_id: ccb2d3ae5f95321f
    fetched_at: '2026-07-13T02:15:37Z'
    content_hash: sha256:4eba05c03179a061f71e9e1b7c7b192a1eb370d231b90148181f49ce6383ec2f
    paragraph_quote: "The Agency may approve certain lenders \nfor Delegated Lender status as defined\
      \ in Sec. 3555.10. The Delegated \nLender assumes the responsibility for meeting all loan requirements\
      \ on \nbehalf of the Agency for the purposes of pre-closing loan processing, \nloan approval, and\
      \ post-closing issuance of loan guarantee under \nsubparts C, D, and E of this part with the following\
      \ exceptions and \nclarifications:"
- id: usda-sfhglp-da-2026-3555-55-modifications
  canonical_id: usda-sfhglp-da-2026-3555-55-modifications
  section: Sec. 3555.55(b) — Modifications
  type: do
  tags:
  - round-b
  - regulator-direct
  - usda
  - sfhglp
  - federal-register
  - full-text
  - delegated-authority
  primary_source:
    tier: 1
    authority: FR Doc. 2026-05387 — Single Family Housing Guaranteed Loan Program (Final rule) — Sec.
      3555.55(b) — Modifications
    source_class: federal-register-text
    source_url: https://www.federalregister.gov/documents/full_text/text/2026/03/19/2026-05387.txt
    snapshot_id: ccb2d3ae5f95321f
    fetched_at: '2026-07-13T02:15:37Z'
    content_hash: sha256:4eba05c03179a061f71e9e1b7c7b192a1eb370d231b90148181f49ce6383ec2f
    paragraph_quote: "The following regulatory provisions in subpart A \nof this part are not applicable\
      \ to Delegated Lenders or are modified as \ndescribed in paragraphs (b)(1) and (2) of this section:\n\
      \ (1) Applications processed by Delegated Lenders with a conflict of \ninterest under Sec. 3555.8\
      \ are not subject to the requirements under \nSec. 3555.8(d). The other paragraphs of Sec. 3555.8\
      \ still apply."
- id: usda-sfhglp-da-2026-3555-55-eligibility
  canonical_id: usda-sfhglp-da-2026-3555-55-eligibility
  section: Sec. 3555.55(c) — Eligibility
  type: do
  tags:
  - round-b
  - regulator-direct
  - usda
  - sfhglp
  - federal-register
  - full-text
  - eligibility
  primary_source:
    tier: 1
    authority: FR Doc. 2026-05387 — Single Family Housing Guaranteed Loan Program (Final rule) — Sec.
      3555.55(c) — Eligibility
    source_class: federal-register-text
    source_url: https://www.federalregister.gov/documents/full_text/text/2026/03/19/2026-05387.txt
    snapshot_id: ccb2d3ae5f95321f
    fetched_at: '2026-07-13T02:15:37Z'
    content_hash: sha256:4eba05c03179a061f71e9e1b7c7b192a1eb370d231b90148181f49ce6383ec2f
    paragraph_quote: "Lenders must be approved to participate in the \nSFHGLP as provided in Sec. 3555.51\
      \ and meet the following \nrequirements:\n (1) Have participated in the SFHGLP for at least the\
      \ previous two \nyears;\n (2) Met the performance standards established by the Agency for \ndelinquency,\
      \ default, loss claims, etc. for the previous two years; and\n (3) Complete Agency sponsored training\
      \ each year."
- id: usda-sfhglp-da-2026-3555-55-aus
  canonical_id: usda-sfhglp-da-2026-3555-55-aus
  section: Sec. 3555.55(d) — Automated underwriting system
  type: do
  tags:
  - round-b
  - regulator-direct
  - usda
  - sfhglp
  - federal-register
  - full-text
  - automated-underwriting
  primary_source:
    tier: 1
    authority: FR Doc. 2026-05387 — Single Family Housing Guaranteed Loan Program (Final rule) — Sec.
      3555.55(d) — Automated underwriting system
    source_class: federal-register-text
    source_url: https://www.federalregister.gov/documents/full_text/text/2026/03/19/2026-05387.txt
    snapshot_id: ccb2d3ae5f95321f
    fetched_at: '2026-07-13T02:15:37Z'
    content_hash: sha256:4eba05c03179a061f71e9e1b7c7b192a1eb370d231b90148181f49ce6383ec2f
    paragraph_quote: "Delegated lenders must use \nthe Agency's automated underwriting system as described\
      \ in Sec. \n3555.107(b)."
- id: usda-sfhglp-da-2026-3555-55-oversight
  canonical_id: usda-sfhglp-da-2026-3555-55-oversight
  section: Sec. 3555.55(e) — Oversight
  type: do
  tags:
  - round-b
  - regulator-direct
  - usda
  - sfhglp
  - federal-register
  - full-text
  - oversight
  primary_source:
    tier: 1
    authority: FR Doc. 2026-05387 — Single Family Housing Guaranteed Loan Program (Final rule) — Sec.
      3555.55(e) — Oversight
    source_class: federal-register-text
    source_url: https://www.federalregister.gov/documents/full_text/text/2026/03/19/2026-05387.txt
    snapshot_id: ccb2d3ae5f95321f
    fetched_at: '2026-07-13T02:15:37Z'
    content_hash: sha256:4eba05c03179a061f71e9e1b7c7b192a1eb370d231b90148181f49ce6383ec2f
    paragraph_quote: "The Agency will monitor lender performance through \nthe regular use of loan level\
      \ data and lender oversight and monitoring \nreviews."
- id: usda-sfhglp-da-2026-3555-55-termination
  canonical_id: usda-sfhglp-da-2026-3555-55-termination
  section: Sec. 3555.55(f) — Termination of delegated authority
  type: do
  tags:
  - round-b
  - regulator-direct
  - usda
  - sfhglp
  - federal-register
  - full-text
  - oversight
  primary_source:
    tier: 1
    authority: FR Doc. 2026-05387 — Single Family Housing Guaranteed Loan Program (Final rule) — Sec.
      3555.55(f) — Termination of delegated authority
    source_class: federal-register-text
    source_url: https://www.federalregister.gov/documents/full_text/text/2026/03/19/2026-05387.txt
    snapshot_id: ccb2d3ae5f95321f
    fetched_at: '2026-07-13T02:15:37Z'
    content_hash: sha256:4eba05c03179a061f71e9e1b7c7b192a1eb370d231b90148181f49ce6383ec2f
    paragraph_quote: "The Agency may suspend \nor terminate the lender's delegated status for reasons\
      \ including, but \nnot limited to:\n (i) Approving loans that do not meet Agency guidelines.\n (ii)\
      \ Providing data to the Agency's automated underwriting system \nwhich is not supported by documentation\
      \ retained by the lender.\n (iii) Unacceptable portfolio performance as evidenced by \ndelinquency,\
      \ loss claim, default rates, material deficiencies, or any \nother performance metric established\
      \ by the Agency; and\n (iv) Noncompliance with other requirements described in Sec. \n3555.51, or\
      \ if the Agency determines that other good cause exists."
- id: usda-sfhglp-da-2026-3555-55-revocation
  canonical_id: usda-sfhglp-da-2026-3555-55-revocation
  section: Sec. 3555.55(g) — Revocation of delegated status
  type: do
  tags:
  - round-b
  - regulator-direct
  - usda
  - sfhglp
  - federal-register
  - full-text
  - oversight
  primary_source:
    tier: 1
    authority: FR Doc. 2026-05387 — Single Family Housing Guaranteed Loan Program (Final rule) — Sec.
      3555.55(g) — Revocation of delegated status
    source_class: federal-register-text
    source_url: https://www.federalregister.gov/documents/full_text/text/2026/03/19/2026-05387.txt
    snapshot_id: ccb2d3ae5f95321f
    fetched_at: '2026-07-13T02:15:37Z'
    content_hash: sha256:4eba05c03179a061f71e9e1b7c7b192a1eb370d231b90148181f49ce6383ec2f
    paragraph_quote: "Delegated Lenders will retain \ndelegated status until revoked by the Agency or\
      \ withdrawn by the \nlender. If the Agency revokes the delegated authority of a Delegated \nLender,\
      \ the Delegated Lender will be given appeal rights as specified \nin Sec. 3555.4. This is distinct\
      \ from termination from participation \nin the SFHGLP under Sec. 3555.52."
- id: usda-sfhglp-da-2026-3555-55-administration
  canonical_id: usda-sfhglp-da-2026-3555-55-administration
  section: Sec. 3555.55(h) — Administration of delegated program
  type: reference
  tags:
  - round-b
  - regulator-direct
  - usda
  - sfhglp
  - federal-register
  - full-text
  - delegated-authority
  primary_source:
    tier: 1
    authority: FR Doc. 2026-05387 — Single Family Housing Guaranteed Loan Program (Final rule) — Sec.
      3555.55(h) — Administration of delegated program
    source_class: federal-register-text
    source_url: https://www.federalregister.gov/documents/full_text/text/2026/03/19/2026-05387.txt
    snapshot_id: ccb2d3ae5f95321f
    fetched_at: '2026-07-13T02:15:37Z'
    content_hash: sha256:4eba05c03179a061f71e9e1b7c7b192a1eb370d231b90148181f49ce6383ec2f
    paragraph_quote: "The Agency may adjust, \nmodify, or cancel the Delegated Lender program based on\
      \ overall program \nconsiderations such as budget, program performance, and program \nintegrity."
- id: usda-sfhglp-da-2026-amend-3555-107-remove-self-cert
  canonical_id: usda-sfhglp-da-2026-amend-3555-107-remove-self-cert
  section: Sec. 3555.107 [Amended] — removal of self-certification option
  type: do
  tags:
  - round-b
  - regulator-direct
  - usda
  - sfhglp
  - federal-register
  - full-text
  - documentation
  primary_source:
    tier: 1
    authority: FR Doc. 2026-05387 — Single Family Housing Guaranteed Loan Program (Final rule) — Sec.
      3555.107 [Amended] — removal of self-certification option
    source_class: federal-register-text
    source_url: https://www.federalregister.gov/documents/full_text/text/2026/03/19/2026-05387.txt
    snapshot_id: ccb2d3ae5f95321f
    fetched_at: '2026-07-13T02:15:37Z'
    content_hash: sha256:4eba05c03179a061f71e9e1b7c7b192a1eb370d231b90148181f49ce6383ec2f
    paragraph_quote: Amend Sec. 3555.107 by removing paragraph (i)(5).
