USDA HB-1-3555 ch03 bootstrap

usda-hb-3555-ch03

Bootstrap for USDA HB-1-3555 ch03 register.

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source:
  type: regulation
  id: usda-hb-3555-ch03
  authority: USDA HB-1-3555 ch03 bootstrap
  description: Bootstrap for USDA HB-1-3555 ch03 register.
obligations:
  - id: usda-hb-3555-ch03-agency-pre-approval-required
    canonical_id: usda-hb-3555-ch03-agency-pre-approval-required
    section: USDA HB-1-3555 Ch. 3.1 — Lender Approval Required to Participate
    description: |
      The Agency must approve [LENDER] before it participates in the
      SFHGLP. To be approved, [LENDER] must agree to follow the
      Agency's program guidelines and consistently demonstrate
      high-quality in the areas of loan origination, underwriting,
      servicing, and reporting.
    type: do
    audit_question: Before originating, underwriting, servicing, or holding any USDA SFHGLP-guaranteed loan, can [LENDER] evidence current Agency approval to participate in the program?
    program_review: Does the program ensure current Agency approval is in place before [LENDER] originates, underwrites, services, or holds any SFHGLP-guaranteed loan?
    file_review: 'Entity-level check: confirm a current Agency approval/lender agreement is on file covering the activity performed.'
    judgment: false
    feeds: []
    workflow_phase: pre_approval
    owner_role: compliance_officer
    secondary_owner_role: loan_officer
    cadence: continuous
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch03
      - lender-approval
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 3.1 — Introduction
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter03.pdf
      snapshot_id: 67d80132b9f2c99b
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:b8fea3c7f2e2f262511ca92c5d5e93934c836d9c1f19f1cf7d7854ebcb2685ba
      paragraph_quote: before it participates in the SFHGLP. To be approved, a lender must agree to follow the
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot 67d80132b9f2c99b (Ch 03) at 2026-05-23. Source PDF retrieved via Wayback Machine.
    promoted_at: '2026-05-23T13:24:33+00:00'
    promoted_from: usda-hb-3555-ch03-roundb-v1.yaml
  - id: usda-hb-3555-ch03-principal-officers-two-year-experience
    canonical_id: usda-hb-3555-ch03-principal-officers-two-year-experience
    section: USDA HB-1-3555 Ch. 3.2 — Lender Approval Criteria
    description: |
      In all cases, [LENDERS] are required to provide evidence that
      all principal officers have a minimum of two years of
      experience in originating or servicing guaranteed mortgage
      loans, and all guaranteed lenders must be registered in the
      System for Award Management (SAM) system.
    type: maintain
    audit_question: At lender approval, can [LENDER] evidence (i) that all principal officers had a minimum of two years of experience in originating or servicing guaranteed mortgage loans, and (ii) that the entity is registered in the System for Award Management (SAM)?
    program_review: Does the program evidence, at approval, that all principal officers had at least two years' experience originating or servicing guaranteed mortgage loans and that the entity is SAM-registered?
    file_review: 'Entity-level check: confirm principal-officer experience documentation and active SAM registration.'
    judgment: false
    feeds: []
    workflow_phase: pre_approval
    owner_role: compliance_officer
    secondary_owner_role: loan_officer
    cadence: continuous
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch03
      - lender-approval
      - sam
      - experience
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 3.2 — Lender Approval Criteria
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter03.pdf
      snapshot_id: 67d80132b9f2c99b
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:b8fea3c7f2e2f262511ca92c5d5e93934c836d9c1f19f1cf7d7854ebcb2685ba
      paragraph_quote: In all cases, lenders are required to provide evidence that all principal officers have a
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot 67d80132b9f2c99b (Ch 03) at 2026-05-23. Source PDF retrieved via Wayback Machine.
    promoted_at: '2026-05-23T13:24:33+00:00'
    promoted_from: usda-hb-3555-ch03-roundb-v1.yaml
  - id: usda-hb-3555-ch03-demonstrated-ability-financial-criteria
    canonical_id: usda-hb-3555-ch03-demonstrated-ability-financial-criteria
    section: USDA HB-1-3555 Ch. 3.2.B — Approval by Demonstrated Ability
    description: |
      A [LENDER] that does not meet the conditions of Paragraph 3.2A
      (approval by another recognized source) may seek approval by
      demonstrating its ability to originate and/or service sound
      loans, and must be overseen by a Federal regulator, be a Farm
      Credit System institution, be an active participant with an
      approved lender agreement in another USDA guaranteed loan
      program, or meet the demonstrated-ability requirements in this
      section.
    type: do
    audit_question: When [LENDER] seeks SFHGLP approval under the demonstrated-ability path (3.2.B) rather than via another recognized source, can it evidence Federal regulator oversight, FCS membership, an active lender agreement in another USDA guaranteed loan program, or satisfaction of the demonstrated-ability criteria in Chapter 3?
    program_review: Where approval is sought via the demonstrated-ability path rather than another recognized source, does the program evidence Federal-regulator oversight, FCS membership, an active lender agreement in another USDA guaranteed program, or satisfaction of the Chapter 3 demonstrated-ability criteria?
    file_review: 'Entity-level check: confirm the demonstrated-ability basis documentation matches the path claimed under 3.2.B.'
    judgment: false
    feeds: []
    workflow_phase: pre_approval
    owner_role: compliance_officer
    secondary_owner_role: loan_officer
    cadence: continuous
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch03
      - lender-approval
      - demonstrated-ability
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 3.2.B — Approval by Demonstrated Ability
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter03.pdf
      snapshot_id: 67d80132b9f2c99b
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:b8fea3c7f2e2f262511ca92c5d5e93934c836d9c1f19f1cf7d7854ebcb2685ba
      paragraph_quote: A lender that does not meet the conditions of Paragraph 3.2A may seek approval by
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot 67d80132b9f2c99b (Ch 03) at 2026-05-23. Source PDF retrieved via Wayback Machine.
    promoted_at: '2026-05-23T13:24:33+00:00'
    promoted_from: usda-hb-3555-ch03-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-23T13:24:33+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\usda-hb-3555-ch03-roundb-v1.yaml
    candidates_promoted: 3
    candidates_skipped_existing: 0

Verbatim regulatory text (3)

Verbatim provisions from USDA HB-1-3555 ch03 bootstrap — 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.

USDA HB-1-3555 Ch. 3.1 — Lender Approval Required to Participate

before it participates in the SFHGLP. To be approved, a lender must agree to follow the

Source: USDA HB-1-3555 Chapter 3.1 — Introduction · source URL · snapshot 67d80132b9f2c99b

USDA HB-1-3555 Ch. 3.2 — Lender Approval Criteria

In all cases, lenders are required to provide evidence that all principal officers have a

Source: USDA HB-1-3555 Chapter 3.2 — Lender Approval Criteria · source URL · snapshot 67d80132b9f2c99b

USDA HB-1-3555 Ch. 3.2.B — Approval by Demonstrated Ability

A lender that does not meet the conditions of Paragraph 3.2A may seek approval by

Source: USDA HB-1-3555 Chapter 3.2.B — Approval by Demonstrated Ability · source URL · snapshot 67d80132b9f2c99b

Operationalizing USDA HB-1-3555 ch03 bootstrap

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-hb-3555-ch03/ · register usda-hb-3555-ch03 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.