source:
  type: regulation
  id: usda-hb-3555-ch10
  authority: USDA HB-1-3555 ch10 bootstrap
  description: Bootstrap for USDA HB-1-3555 ch10 register.
obligations:
- id: usda-hb-3555-ch10-review-credit-history
  canonical_id: usda-hb-3555-ch10-review-credit-history
  section: "USDA HB-1-3555 Ch. 10.2 — Credit Eligibility Requirements"
  description: '[LENDERS] must review the credit history of an applicant, as

    applicable, to determine an ability and willingness to meet

    their debt obligations.

    '
  type: do
  audit_question: For every USDA SFHGLP-guaranteed loan, can [LENDER] evidence that it reviewed the applicant's credit history to determine ability and willingness to meet debt obligations?
  workflow_phase: underwriting
  owner_role: underwriter
  secondary_owner_role: loan_officer
  cadence: per_loan
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - usda
  - hb-1-3555
  - ch10
  - credit-analysis
  - promoted
  primary_source:
    tier: 1
    authority: "USDA HB-1-3555 Chapter 10.2 — Credit Eligibility Requirements"
    source_class: usda-handbook-hb-1-3555
    source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter10.pdf
    snapshot_id: 64b6ad8b3f3ae1ee
    fetched_at: '2026-05-23T01:50:00Z'
    content_hash: sha256:20e53c83dd7224854e84e72198a792085b20d759cfa9e005f5075a13c82af3a9
    paragraph_quote: Lenders must review the credit history of an applicant, as applicable, to determine an
    drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot 64b6ad8b3f3ae1ee (Ch 10) at 2026-05-23. Source PDF retrieved via Wayback Machine.
  promoted_at: '2026-05-23T13:45:39+00:00'
  promoted_from: usda-hb-3555-ch10-roundb-v1.yaml
  program_review: Does the program ensure the applicant's credit history is reviewed to determine ability and willingness to meet debt obligations?
  file_review: Pull a sample; confirm a documented credit review. The officer judges whether the credit conclusion (ability/willingness) is reasonable on the record.
  judgment: true
- id: usda-hb-3555-ch10-credit-report-from-unaffiliated-repository
  canonical_id: usda-hb-3555-ch10-credit-report-from-unaffiliated-repository
  section: "USDA HB-1-3555 Ch. 10.3 — Credit Report Requirements"
  description: 'Credit reports utilized to underwrite guaranteed loans must be

    from a recognized credit repository that is not affiliated

    with [LENDER]. Eligible credit reports include automated

    merged credit reports (MMCR/TRMCR) and Residential Mortgage

    Credit Reports (RMCR).

    '
  type: do
  audit_question: For every USDA SFHGLP-guaranteed loan, can [LENDER] evidence that the credit report used in underwriting was from a recognized credit repository not affiliated with [LENDER], and was an eligible report type (MMCR/TRMCR or RMCR)?
  workflow_phase: underwriting
  owner_role: underwriter
  secondary_owner_role: loan_officer
  cadence: per_loan
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - usda
  - hb-1-3555
  - ch10
  - credit-report
  - promoted
  primary_source:
    tier: 1
    authority: "USDA HB-1-3555 Chapter 10.3 — Credit Report Requirements"
    source_class: usda-handbook-hb-1-3555
    source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter10.pdf
    snapshot_id: 64b6ad8b3f3ae1ee
    fetched_at: '2026-05-23T01:50:00Z'
    content_hash: sha256:20e53c83dd7224854e84e72198a792085b20d759cfa9e005f5075a13c82af3a9
    paragraph_quote: Credit reports utilized to underwrite guaranteed loans must be from a recognized
    drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot 64b6ad8b3f3ae1ee (Ch 10) at 2026-05-23. Source PDF retrieved via Wayback Machine.
  promoted_at: '2026-05-23T13:45:39+00:00'
  promoted_from: usda-hb-3555-ch10-roundb-v1.yaml
  program_review: Does the program ensure underwriting credit reports come from a recognized repository unaffiliated with [LENDER] and are an eligible type (MMCR/TRMCR or RMCR)?
  file_review: Pull a sample; confirm the credit report source is an unaffiliated recognized repository and an eligible report type.
  judgment: false
- id: usda-hb-3555-ch10-caivrs-a-response-required
  canonical_id: usda-hb-3555-ch10-caivrs-a-response-required
  section: "USDA HB-1-3555 Attachment 10-A — CAIVRS"
  description: 'An "A" response is the only acceptable CAIVRS result for an

    applicant to be eligible for a guaranteed loan. An applicant

    that will be a party to the loan with a non-"A" CAIVRS response

    is ineligible.

    '
  type: do
  audit_question: For every applicant who will be a party to a USDA SFHGLP-guaranteed loan, can [LENDER] evidence a clear "A" Credit Alert Verification Reporting System (CAIVRS) response in the loan file?
  workflow_phase: underwriting
  owner_role: underwriter
  secondary_owner_role: loan_officer
  cadence: per_loan
  consequence: Loan ineligible for SFHGLP guarantee absent "A" CAIVRS response.
  tags:
  - round-b
  - regulator-direct
  - usda
  - hb-1-3555
  - ch10
  - caivrs
  - promoted
  primary_source:
    tier: 1
    authority: "USDA HB-1-3555 Attachment 10-A — Credit Matrix (CAIVRS)"
    source_class: usda-handbook-hb-1-3555
    source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter10.pdf
    snapshot_id: 64b6ad8b3f3ae1ee
    fetched_at: '2026-05-23T01:50:00Z'
    content_hash: sha256:20e53c83dd7224854e84e72198a792085b20d759cfa9e005f5075a13c82af3a9
    paragraph_quote: "An “A” response is the only acceptable result for an applicant to be eligible for a guaranteed loan."
    drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot 64b6ad8b3f3ae1ee (Ch 10) at 2026-05-23. Source PDF retrieved via Wayback Machine.
  promoted_at: '2026-05-23T13:45:39+00:00'
  promoted_from: usda-hb-3555-ch10-roundb-v1.yaml
  program_review: Does the program require a clear 'A' CAIVRS response for every party to the loan, with a non-'A' response treated as ineligible?
  file_review: Pull a sample; confirm a clear 'A' CAIVRS result for each party to the loan.
  judgment: false
_promotion_history:
- promoted_at: '2026-05-23T13:45:39+00:00'
  candidate_path: obligations\_remediation\_round_b_drafts\usda-hb-3555-ch10-roundb-v1.yaml
  candidates_promoted: 3
  candidates_skipped_existing: 0
