source:
  type: guide
  id: usda-hb-3555-3.6
  authority: USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶3.6 —
    Lender Responsibility
  description: USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶3.6
    — Lender Responsibility.
  coverage_tier: operative
obligations:
- id: usda-hb-3555-3.6-full
  canonical_id: usda-hb-3555-3.6-full
  section: USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶3.6 — Lender
    Responsibility
  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 ¶3.6
      — Lender Responsibility
    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: 3.6 LENDER RESPONSIBILITY The lender will be responsible for
      the processing and servicing of the loan and may use third party originators,
      such as agents or correspondents, in carrying out its responsibilities. Lenders
      are fully responsible for their own actions and the actions of those acting
      on the lender’s behalf. The approved lender must adhere to SFHGLP guidelines
      as outlined in Chapter 4, Paragraph 4.8. x Processing. The lender must abide
      by restrictions on loan purposes, loan limitations, interest rates, and terms
      set forth in 7 CFR 3555 and this Handbook. The lender will underwrite the loan
      and submit the necessary items as outlined in Chapter 15 in order to receive
      a Conditional Commitment. The agent may close the loan in its name, provided
      the loan is immediately transferred to the approved lender to whom the guarantee
      will be issued. x Servicing. Lenders are fully responsible for regular and default
      servicing and maintaining security interest for all guaranteed loans. Regular
      and default servicing requirements are outlined in Chapters 17 through 19 of
      this Handbook. When servicing is subserviced to a third party, the lender will
      inform Rural Development of the name and address of the servicer by utilizing
      Form RD 3555- 11.
  judgment: false
