7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.102 — Loan restrictions

usda-7cfr-3555-102

7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program, §3555.102 Loan restrictions. Captured section-complete (all subsections verbatim).

Get this register: .xlsx .csv More bundles →

Verbatim regulatory text (9)

Verbatim provisions from 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.102 — Loan restrictions — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

7 CFR §3555.102

§ 3555.102 Loan restrictions. A guarantee will not be issued if loan funds are to be used for:

Source: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.102 · source URL · snapshot 60bd6fb03befa14c

7 CFR §3555.102(a)

(a) Existing manufactured homes. Purchase of an existing manufactured home, except as provided in § 3555.208(b)(3);

Source: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.102 · source URL · snapshot 60bd6fb03befa14c

7 CFR §3555.102(b)

(b) Income producing land or buildings. Purchase or improvement of land or buildings that are typically used principally for income-producing purposes;

Source: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.102 · source URL · snapshot 60bd6fb03befa14c

7 CFR §3555.102(c)

(c) Business or income-producing enterprise. Purchase or the construction of buildings which are largely or in part specifically designed to accommodate a business or income-producing enterprise;

Source: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.102 · source URL · snapshot 60bd6fb03befa14c

7 CFR §3555.102(d)

(d) Loan discount points. Loan discount points, except as provided in § 3555.101(b)(6)(vi);

Source: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.102 · source URL · snapshot 60bd6fb03befa14c

7 CFR §3555.102(e)

(e) Refinancing. Refinancing, except as provided in § 3555.101(d);

Source: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.102 · source URL · snapshot 60bd6fb03befa14c

7 CFR §3555.102(f)

(f) Buydown. Establishing a buydown account;

Source: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.102 · source URL · snapshot 60bd6fb03befa14c

7 CFR §3555.102(g)

(g) Lease. Payments on a lease; or

Source: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.102 · source URL · snapshot 60bd6fb03befa14c

7 CFR §3555.102(h)

(h) Seller concessions. Purchasing a home if the seller, or other interested third party, contributes more than 6 percent, unless otherwise provided by the Agency, of the property's sales price toward the purchaser's mortgage financing costs, closing costs, escrow accounts, furniture or other giveaways.

Source: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.102 · source URL · snapshot 60bd6fb03befa14c

Operationalizing 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.102 — Loan restrictions

This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.

Source of record: https://claudeforcompliance.com/regs/usda-7cfr-3555-102/ · register usda-7cfr-3555-102 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.