source:
  type: regulation
  id: usda-hb-3555-ch16
  authority: USDA HB-1-3555 ch16 bootstrap
  description: Bootstrap for USDA HB-1-3555 ch16 register.
obligations:
- id: usda-hb-3555-ch16-comply-with-conditional-commitment
  canonical_id: usda-hb-3555-ch16-comply-with-conditional-commitment
  section: "USDA HB-1-3555 Ch. 16.1 — Introduction"
  description: '[LENDER] is required to comply with all conditions stated on

    Form RD 3555-18 or Form RD 3555-18E, Conditional Commitment for

    Single Family Housing Loan Guarantee, and any attachments, as

    applicable. The loan must close under the same terms as

    underwritten and approved for in the Conditional Commitment.

    '
  type: do
  audit_question: For every USDA SFHGLP-guaranteed loan, can [LENDER] evidence (i) compliance with all conditions stated on Form RD 3555-18 / 18E and any attachments, and (ii) that the loan closed under the same terms as underwritten and approved in the Conditional Commitment?
  workflow_phase: closing
  owner_role: closer
  secondary_owner_role: loan_officer
  cadence: per_loan
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - usda
  - hb-1-3555
  - ch16
  - conditional-commitment
  - closing
  - promoted
  primary_source:
    tier: 1
    authority: "USDA HB-1-3555 Chapter 16.1 — Introduction"
    source_class: usda-handbook-hb-1-3555
    source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter16.pdf
    snapshot_id: c23df4f854eaa409
    fetched_at: '2026-05-23T01:50:00Z'
    content_hash: sha256:3f65011e8ac7c0161be8a6e321689b5724f21c8653308b52fd3c9566bade6c47
    paragraph_quote: The lender is required to comply with all conditions stated on Form RD 3555-18 or
    drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot c23df4f854eaa409 (Ch 16) at 2026-05-23. Source PDF retrieved via Wayback Machine.
  promoted_at: '2026-05-23T16:19:25+00:00'
  promoted_from: usda-hb-3555-ch16-roundb-v1.yaml
  program_review: Does the program ensure compliance with all conditions on Form RD 3555-18 / 18E (and attachments) and that the loan closes on the same terms as underwritten and approved in the Conditional Commitment?
  file_review: Pull a sample; confirm each Conditional Commitment condition was met and closing terms matched the approved terms.
  judgment: false
- id: usda-hb-3555-ch16-loan-must-close-same-or-better-terms
  canonical_id: usda-hb-3555-ch16-loan-must-close-same-or-better-terms
  section: "USDA HB-1-3555 Ch. 16.2 — Closing in Compliance with Conditional Commitment Approval"
  description: 'The loan must close under the same, or more favorable, terms

    as underwritten and approved on the Conditional Commitment.

    Any changes in the loan terms, characteristics of the

    applicant, or characteristics of the property between the

    issuance of Conditional Commitment and loan closing requires

    [LENDER] to notify the Agency in writing.

    '
  type: notify
  audit_question: For every USDA SFHGLP-guaranteed loan, can [LENDER] evidence that (i) the loan closed under the same or more favorable terms as the Conditional Commitment, and (ii) any change in loan terms, applicant characteristics, or property characteristics between Conditional Commitment issuance and closing was notified to the Agency in writing?
  workflow_phase: closing
  owner_role: closer
  secondary_owner_role: loan_officer
  cadence: per_loan
  consequence: Failure to obtain Agency approval of changes may result in denial of the Loan Note Guarantee request.
  tags:
  - round-b
  - regulator-direct
  - usda
  - hb-1-3555
  - ch16
  - terms-change
  - notice
  - promoted
  primary_source:
    tier: 1
    authority: "USDA HB-1-3555 Chapter 16.2 — Closing the Loan"
    source_class: usda-handbook-hb-1-3555
    source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter16.pdf
    snapshot_id: c23df4f854eaa409
    fetched_at: '2026-05-23T01:50:00Z'
    content_hash: sha256:3f65011e8ac7c0161be8a6e321689b5724f21c8653308b52fd3c9566bade6c47
    paragraph_quote: The loan must close under the same, or more favorable, terms as underwritten
    drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot c23df4f854eaa409 (Ch 16) at 2026-05-23. Source PDF retrieved via Wayback Machine.
  promoted_at: '2026-05-23T16:19:25+00:00'
  promoted_from: usda-hb-3555-ch16-roundb-v1.yaml
  program_review: Does the program account for the same-or-more-favorable-terms rule and the change-notification trigger — any change in loan terms, applicant characteristics, or property characteristics between Conditional Commitment and closing requires written Agency notification?
  file_review: Spot-check files with mid-stream changes; confirm closing terms were same/more favorable and that any qualifying change was notified to the Agency in writing. The officer judges whether a change was material enough to require notification.
  judgment: true
- id: usda-hb-3555-ch16-30-day-lng-request-window
  canonical_id: usda-hb-3555-ch16-30-day-lng-request-window
  section: "USDA HB-1-3555 Ch. 16.3 — Requesting the Loan Note Guarantee"
  description: '[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, but must include a payment history verifying the

    loan is current and certification that neither [LENDER] nor

    another interested party provided funds to keep the mortgage

    current.

    '
  type: do
  audit_question: "For every USDA SFHGLP-guaranteed loan, can [LENDER] evidence that, within 30 days of closing, it (i) provided the Agency evidence of proper closing and (ii) remitted the upfront loan guarantee fee and USDA technology fee — or, if filed after the 30-day window, that the submission included a current-payment-history verification and certification that no [LENDER] / interested-party funds were used to keep the mortgage current?"
  workflow_phase: post_closing
  owner_role: closer
  secondary_owner_role: compliance_officer
  cadence: per_loan
  consequence: A Loan Note Guarantee will not be issued beyond 30 days of loan closing if the account is in default at the time of the request.
  tags:
  - round-b
  - regulator-direct
  - usda
  - hb-1-3555
  - ch16
  - lng
  - 30-day
  - promoted
  primary_source:
    tier: 1
    authority: "USDA HB-1-3555 Chapter 16.3 — Requesting the Loan Note Guarantee"
    source_class: usda-handbook-hb-1-3555
    source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter16.pdf
    snapshot_id: c23df4f854eaa409
    fetched_at: '2026-05-23T01:50:00Z'
    content_hash: sha256:3f65011e8ac7c0161be8a6e321689b5724f21c8653308b52fd3c9566bade6c47
    paragraph_quote: The lender must provide evidence the loan was properly closed and remit the upfront
    drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot c23df4f854eaa409 (Ch 16) at 2026-05-23. Source PDF retrieved via Wayback Machine.
  promoted_at: '2026-05-23T16:19:25+00:00'
  promoted_from: usda-hb-3555-ch16-roundb-v1.yaml
  program_review: Does the program track the 30-day post-closing LNG window — evidence of proper closing plus the upfront guarantee fee and technology fee within 30 days, and account for the late-path requirement (current-payment-history verification plus certification that no lender/interested-party funds kept the mortgage current)?
  file_review: Spot-check LNG requests; confirm 30-day timing or, where late, the current-payment-history verification and no-funds-advanced certification.
  judgment: false
_promotion_history:
- promoted_at: '2026-05-23T16:19:25+00:00'
  candidate_path: obligations\_remediation\_round_b_drafts\usda-hb-3555-ch16-roundb-v1.yaml
  candidates_promoted: 3
  candidates_skipped_existing: 0
