source:
  type: regulation
  id: usda-7cfr-3555.54
  authority: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.54 — Sale of loans to approved
    lenders
  description: '7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program, §3555.54 Sale of loans to
    approved lenders. Captured section-complete (all subsections verbatim).

    '
obligations:
- id: usda-7cfr-3555.54-full
  canonical_id: usda-7cfr-3555.54-full
  section: 7 CFR §3555.54
  description: 'Sale of loans to approved lenders: Lenders may sell SFHGLP loans only to other Agency-approved lenders,
    Fannie Mae, Freddie Mac, or the Federal Home Loan Banks. In such a sale, the purchasing lender acquires all
    rights of the selling lender under the Loan Note Guarantee, and assumes all of the selling lender''s obligations
    contained i…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.54
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-7/subtitle-B/chapter-XXXV/part-3555
    snapshot_id: 60bd6fb03befa14c
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:f1f884c828bb807baf369d30e1a9479648dfa62165e28511a0730ed785181a8b
    paragraph_quote: Lenders may sell SFHGLP loans only to other Agency-approved lenders, Fannie Mae, Freddie Mac,
      or the Federal Home Loan Banks. In such a sale, the purchasing lender acquires all rights of the selling lender
      under the Loan Note Guarantee, and assumes all of the selling lender's obligations contained in any note,
      security instrument, or Loan Note Guarantee in connection with the loan purchased. The purchasing lender may
      be subject to any defenses, claims, or offsets that Rural Development would have had against the selling lender
      if the selling lender had continued to hold the loan. The lender must notify Rural Development immediately
      upon the sale or transfer of servicing of a SFHGLP loan.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.54 (whole section) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
