source:
  type: regulation
  id: usda-7cfr-3555.152
  authority: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.152 — Calculation of income
    and assets
  description: '7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program, §3555.152 Calculation of income
    and assets. Captured section-complete (all subsections verbatim).

    '
obligations:
- id: usda-7cfr-3555.152-full
  canonical_id: usda-7cfr-3555.152-full
  section: 7 CFR §3555.152
  description: 'Calculation of income and assets: The lender must obtain and maintain documentation in the loan
    file supporting the lender''s determination of all income and assets described in this section.'
  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 § 3555.152
    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: The lender must obtain and maintain documentation in the loan file supporting the lender's
      determination of all income and assets described in this section.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.152 (whole section) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
- id: usda-7cfr-3555.152-a
  canonical_id: usda-7cfr-3555.152-a
  section: 7 CFR §3555.152(a)
  description: 'Calculation of income and assets — (a): (a) Repayment income. Repayment income is the amount of
    adequate and stable income from all sources that parties to the promissory note are expected to receive. Repayment
    income is used to determine the applicant''s ability to repay a loan. (1) The lender must examine the applicant''s
    past income reco…'
  type: dont
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.152
    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: '(a) Repayment income. Repayment income is the amount of adequate and stable income from all
      sources that parties to the promissory note are expected to receive. Repayment income is used to determine
      the applicant''s ability to repay a loan. (1) The lender must examine the applicant''s past income record
      for at least the past 2 years and any applicable training and/or education. The Agency may require additional
      information and documentation from self-employed applicants and applicants employed by businesses owned by
      family members. (2) The lender must establish an applicant''s anticipated amount of repayment income and the
      likelihood of its continuance for at least the next 3 years to determine an applicant''s capacity to repay
      a requested mortgage loan in accordance with &#xA7; 3555.151(h)(1). (3) Income may not be used in calculating
      an applicant''s ratios if it is from any source that cannot be verified, is not stable, or is likely not to
      continue. (4) The following types of income are examples of income not included in repayment income:'
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.152 subsection (a) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
- id: usda-7cfr-3555.152-i
  canonical_id: usda-7cfr-3555.152-i
  section: 7 CFR §3555.152(i)
  description: 'Calculation of income and assets — (i): (i) Any student financial aid received by household members
    for tuition, fees, books, equipment, materials, and transportation; (ii) Amounts received that are specifically
    for, or in reimbursement of the cost of medical expenses for any family member; (iii) Temporary, nonrecurring,
    or sporadic incom…'
  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 § 3555.152
    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: (i) Any student financial aid received by household members for tuition, fees, books, equipment,
      materials, and transportation; (ii) Amounts received that are specifically for, or in reimbursement of the
      cost of medical expenses for any family member; (iii) Temporary, nonrecurring, or sporadic income (including
      gifts); (iv) Lump sum additions to family assets such as inheritances, capital gains, insurance payments and
      personal or property settlements;
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.152 subsection (i) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
- id: usda-7cfr-3555.152-v
  canonical_id: usda-7cfr-3555.152-v
  section: 7 CFR §3555.152(v)
  description: 'Calculation of income and assets — (v): (v) Payments for the care of foster children or adults;
    and (vi) Supplemental Nutrition Assistance Program payments.'
  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 § 3555.152
    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: (v) Payments for the care of foster children or adults; and (vi) Supplemental Nutrition Assistance
      Program payments.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.152 subsection (v) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
- id: usda-7cfr-3555.152-b
  canonical_id: usda-7cfr-3555.152-b
  section: 7 CFR §3555.152(b)
  description: 'Calculation of income and assets — (b): (b) Annual income. Annual income is the income of all household
    members, regardless of whether they will be parties to the promissory note. (1) Applicants must provide the
    income, expense and household information necessary to enable the lender to make income determinations. (2)
    Lenders must verify …'
  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 § 3555.152
    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: '(b) Annual income. Annual income is the income of all household members, regardless of whether
      they will be parties to the promissory note. (1) Applicants must provide the income, expense and household
      information necessary to enable the lender to make income determinations. (2) Lenders must verify employment
      and income information provided by the applicant for all household members. Lenders will verify the income
      for each adult household member for the previous 2 years. Written or oral verifications provided by third-party
      sources or documents prepared by third-party sources are acceptable. Lenders must project the expected annual
      income for the next 12 months from the verified sources. (3) The lender remains responsible for the quality
      and accuracy of all information used to establish a household''s eligibility. (4) Household income from all
      sources including, but not limited to, income from temporarily absent household members, allowances for tax-exempt
      income and net family assets as defined in paragraph (d) of this section are to be considered in the calculation
      of annual income. (5) The following sources of income will not be considered in the calculation of annual
      income:'
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.152 subsection (b) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
- id: usda-7cfr-3555.152-i
  canonical_id: usda-7cfr-3555.152-i
  section: 7 CFR §3555.152(i)
  description: 'Calculation of income and assets — (i): (i) Earned income of persons under the age of 18 unless
    they are an applicant or a spouse of a member of the household; (ii) Payments received for the care of foster
    children or foster adults and incomes received by foster children or foster adults who live in the household;
    (iii) Amounts granted fo…'
  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 § 3555.152
    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: (i) Earned income of persons under the age of 18 unless they are an applicant or a spouse of
      a member of the household; (ii) Payments received for the care of foster children or foster adults and incomes
      received by foster children or foster adults who live in the household; (iii) Amounts granted for, or in reimbursement
      of, the cost of medical expenses; (iv) Earnings of each full-time student 18 years of age or older, except
      the head of household or spouse, that are in excess of any amount determined pursuant to HUD definition of
      annual income at 24 CFR 5.609(c);
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.152 subsection (i) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
- id: usda-7cfr-3555.152-v
  canonical_id: usda-7cfr-3555.152-v
  section: 7 CFR §3555.152(v)
  description: 'Calculation of income and assets — (v): (v) Temporary, nonrecurring, or sporadic income (including
    gifts); (vi) Lump sum additions to family assets such as inheritances; capital gains; insurance payments under
    health, accident, or worker''s compensation policies; settlements for personal or property losses; and deferred
    periodic payments o…'
  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 § 3555.152
    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: (v) Temporary, nonrecurring, or sporadic income (including gifts); (vi) Lump sum additions
      to family assets such as inheritances; capital gains; insurance payments under health, accident, or worker's
      compensation policies; settlements for personal or property losses; and deferred periodic payments of supplemental
      social security income and Social Security benefits received in a lump sum; (vii) Any earned income tax credit;
      (viii) Adoption assistance in excess of any amount determined pursuant to HUD's definition of annual income
      at 24 CFR 5.609(c); (ix) Amounts received by the family in the form of refunds or rebates under State or local
      law for property taxes paid on the dwelling;
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.152 subsection (v) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
- id: usda-7cfr-3555.152-x
  canonical_id: usda-7cfr-3555.152-x
  section: 7 CFR §3555.152(x)
  description: 'Calculation of income and assets — (x): (x) Amounts paid by a State agency to a family with a developmentally
    disabled family member living at home to offset the cost of services and equipment needed to keep the developmentally
    disabled family member at home; (xi) The full amount of any student financial aid; (xii) Any other revenue exemp…'
  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 § 3555.152
    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: (x) Amounts paid by a State agency to a family with a developmentally disabled family member
      living at home to offset the cost of services and equipment needed to keep the developmentally disabled family
      member at home; (xi) The full amount of any student financial aid; (xii) Any other revenue exempted by a Federal
      statute, a list of which is available from any Rural Development office; (xiii) Income received by live-in
      aides, regardless of whether the live-in aide is paid by the family or a social service program; (ix) Employer-provided
      fringe benefit packages unless reported as taxable income; and
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.152 subsection (x) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
- id: usda-7cfr-3555.152-x
  canonical_id: usda-7cfr-3555.152-x
  section: 7 CFR §3555.152(x)
  description: 'Calculation of income and assets — (x): (x) Amounts received through the Supplemental Nutrition
    Assistance Program.'
  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 § 3555.152
    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: (x) Amounts received through the Supplemental Nutrition Assistance Program.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.152 subsection (x) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
- id: usda-7cfr-3555.152-c
  canonical_id: usda-7cfr-3555.152-c
  section: 7 CFR §3555.152(c)
  description: 'Calculation of income and assets — (c): (c) Adjusted annual income. Adjusted annual income is used
    to determine program eligibility and is annual income as defined in paragraph (b) of this section, less any
    of the following verified deductions for which the household is eligible. (1) A reduction for each family member,
    except the head of …'
  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 § 3555.152
    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: '(c) Adjusted annual income. Adjusted annual income is used to determine program eligibility
      and is annual income as defined in paragraph (b) of this section, less any of the following verified deductions
      for which the household is eligible. (1) A reduction for each family member, except the head of household
      or spouse, who is under 18 years of age, 18 years of age or older with a disability, or a full-time student,
      the amount of which will be determined pursuant to HUD definition of adjusted income at 24 CFR 5.611. (2)
      A deduction of reasonable expenses for the care of a child 12 years of age or under that:'
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.152 subsection (c) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
- id: usda-7cfr-3555.152-i
  canonical_id: usda-7cfr-3555.152-i
  section: 7 CFR §3555.152(i)
  description: 'Calculation of income and assets — (i): (i) Enables a family member to work, to actively seek work,
    or to further a member''s education; (ii) Are not reimbursed or paid by another source; and (iii) In the case
    of expenses to enable a family member to work, do not exceed the amount of income, including the value of any
    health benefits, earn…'
  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 § 3555.152
    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: '(i) Enables a family member to work, to actively seek work, or to further a member''s education;
      (ii) Are not reimbursed or paid by another source; and (iii) In the case of expenses to enable a family member
      to work, do not exceed the amount of income, including the value of any health benefits, earned by the family
      member enabled to work. If the child care provider is a household member, the cost of the children''s care
      cannot be deducted. (3) A deduction of reasonable expenses related to the care of household members with disabilities
      that:'
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.152 subsection (i) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
- id: usda-7cfr-3555.152-i
  canonical_id: usda-7cfr-3555.152-i
  section: 7 CFR §3555.152(i)
  description: 'Calculation of income and assets — (i): (i) Enable a family member or the individual with disabilities
    to work, to actively seek work, or to further a member''s education; (ii) Are not reimbursed from insurance
    or another source; and (iii) Are in excess of 3 percent of the household''s annual income and do not exceed
    the amount of earned in…'
  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 § 3555.152
    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: (i) Enable a family member or the individual with disabilities to work, to actively seek work,
      or to further a member's education; (ii) Are not reimbursed from insurance or another source; and (iii) Are
      in excess of 3 percent of the household's annual income and do not exceed the amount of earned income included
      in annual income by the person who is able to work as a result of the expenses. (4) For any elderly family,
      a deduction in the amount determined pursuant to HUD definition of adjusted income at 24 CFR 5.611. (5) For
      elderly and disabled families only, a deduction for household medical expenses that are not reimbursed from
      insurance or another source and which, in combination with any expenses related to the care of household members
      with disabilities described in paragraph (c)(3) of this section, are in excess of 3 percent of the household's
      annual income.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.152 subsection (i) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
- id: usda-7cfr-3555.152-d
  canonical_id: usda-7cfr-3555.152-d
  section: 7 CFR §3555.152(d)
  description: 'Calculation of income and assets — (d): (d) Net family assets. For the purpose of computing annual
    income, the net family assets of all household members must be included in the calculation of annual income.
    Lenders must document and verify assets of all household members. (1) Net family assets include, but are not
    limited to, the actual …'
  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 § 3555.152
    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: '(d) Net family assets. For the purpose of computing annual income, the net family assets of
      all household members must be included in the calculation of annual income. Lenders must document and verify
      assets of all household members. (1) Net family assets include, but are not limited to, the actual or imputed
      income from:'
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.152 subsection (d) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
- id: usda-7cfr-3555.152-i
  canonical_id: usda-7cfr-3555.152-i
  section: 7 CFR §3555.152(i)
  description: 'Calculation of income and assets — (i): (i) Equity in real property or other capital investments,
    other than the dwelling or site; (ii) Cash on hand and funds in savings or checking accounts; (iii) Amounts
    in trust accounts that are available to the household; (iv) Stocks, bonds, and other forms of capital investments
    that is accessible t…'
  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 § 3555.152
    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: (i) Equity in real property or other capital investments, other than the dwelling or site;
      (ii) Cash on hand and funds in savings or checking accounts; (iii) Amounts in trust accounts that are available
      to the household; (iv) Stocks, bonds, and other forms of capital investments that is accessible to the applicant
      without retiring or terminating employment;
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.152 subsection (i) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
- id: usda-7cfr-3555.152-v
  canonical_id: usda-7cfr-3555.152-v
  section: 7 CFR §3555.152(v)
  description: 'Calculation of income and assets — (v): (v) Lump sum receipts such as lottery winnings, capital
    gains, and inheritances; (vi) Personal property held as an investment; and (vii) Any value, in excess of the
    consideration received, for any business or household assets disposed of for less than fair market value during
    the 2 years preceding t…'
  type: dont
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.152
    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: '(v) Lump sum receipts such as lottery winnings, capital gains, and inheritances; (vi) Personal
      property held as an investment; and (vii) Any value, in excess of the consideration received, for any business
      or household assets disposed of for less than fair market value during the 2 years preceding the income determination.
      The value of assets disposed of for less than fair market value shall not be considered if they were disposed
      of as a result of foreclosure, bankruptcy, or a divorce or separation settlement. (2) Net family assets for
      the purpose of calculating annual income do not include:'
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.152 subsection (v) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
- id: usda-7cfr-3555.152-i
  canonical_id: usda-7cfr-3555.152-i
  section: 7 CFR §3555.152(i)
  description: 'Calculation of income and assets — (i): (i) Interest in American Indian restricted land; (ii) Cash
    on hand which will be used to reduce the amount of the loan; (iii) The value of necessary items of personal
    property; (iv) Assets that are part of the business, trade, or farming operation of any member of the household
    who is actively engag…'
  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 § 3555.152
    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: (i) Interest in American Indian restricted land; (ii) Cash on hand which will be used to reduce
      the amount of the loan; (iii) The value of necessary items of personal property; (iv) Assets that are part
      of the business, trade, or farming operation of any member of the household who is actively engaged in such
      operation;
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.152 subsection (i) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
- id: usda-7cfr-3555.152-v
  canonical_id: usda-7cfr-3555.152-v
  section: 7 CFR §3555.152(v)
  description: 'Calculation of income and assets — (v): (v) Amounts in voluntary retirement plans such as individual
    retirement accounts (IRAs), 401(k) plans, and Keogh accounts (except at the time interest assistance is initially
    granted); (vi) The value of an irrevocable trust fund or any other trust over which no member of the household
    has control; (…'
  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 § 3555.152
    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: (v) Amounts in voluntary retirement plans such as individual retirement accounts (IRAs), 401(k)
      plans, and Keogh accounts (except at the time interest assistance is initially granted); (vi) The value of
      an irrevocable trust fund or any other trust over which no member of the household has control; (vii) Cash
      value of life insurance policies; and (viii) Other amounts deemed by the Agency not to constitute net family
      assets.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.152 subsection (v) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
