source:
  type: guide
  id: usda-hb-3555-16.3
  authority: USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶16.3 —
    Requesting The Loan Note Guarantee
  description: USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶16.3
    — Requesting The Loan Note Guarantee.
  coverage_tier: operative
obligations:
- id: usda-hb-3555-16.3-full
  canonical_id: usda-hb-3555-16.3-full
  section: USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶16.3 — Requesting
    The Loan Note Guarantee
  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 ¶16.3
      — Requesting The Loan Note Guarantee
    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: '16.3 REQUESTING THE LOAN NOTE GUARANTEE The lender must provide
      evidence the loan was properly closed and remit the upfront loan guarantee fee
      and the USDA technology fee within 30 days of closing the loan. Requests received
      more than 30 days after loan closing will be considered, however the submission
      must include a payment history verifying the loan is current, as well as certification
      that all required escrow accounts are current and neither the lender nor another
      interested party provided funds to bring and/or keep the mortgage current to
      obtain the Loan Note Guarantee. A Loan Note Guarantee will not be issued beyond
      30 days of the loan closing if the account is in default at the time of the
      Loan Note Guarantee request. Approved lenders must submit all guaranteed loan
      closing transactions to the Agency electronically via the Lender Loan Closing
      (LLC) system. Lenders are required to execute and submit a Lender Loan Closing
      User Agreement to the Agency prior to gaining access to the system. Individual
      user access requires a validated eAuthentication ID and password (formerly Level
      2). User guides for gaining access to and using the LLC system can be found
      at https://www.rd.usda.gov/resources/usda-linc-training-resource-library. Lenders
      must upload the following documentation in the LLC system to receive a Loan
      Note Guarantee: x Final Closing Disclosure. The closing date listed on the Closing
      Disclosure must be entered on the GLS “Add/Update Loan Closing” screen. The
      Closing Disclosure is not required to be signed; x Promissory Note; and x Any
      other necessary documentation as specified in the Conditional Commitment. In
      addition to uploading documentation, lenders are required to enter basic loan
      closing information (e.g. loan closing date, promissory note amount, etc.) into
      the system and authorize electronic payment of the upfront guarantee fee and
      the USDA technology fee through the Pay.gov interface. HB 1-3555 (03-09-16)
      SPECIAL PN 16-6 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
