USDA HB-1-3555 ch06 bootstrap

usda-hb-3555-ch06

Bootstrap for USDA HB-1-3555 ch06 register.

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source:
  type: regulation
  id: usda-hb-3555-ch06
  authority: USDA HB-1-3555 ch06 bootstrap
  description: Bootstrap for USDA HB-1-3555 ch06 register.
obligations:
  - id: usda-hb-3555-ch06-loan-funds-eligible-purposes-only
    canonical_id: usda-hb-3555-ch06-loan-funds-eligible-purposes-only
    section: USDA HB-1-3555 Ch. 6.1 — Introduction [7 CFR 3555.101]
    description: |
      [LENDER] is responsible to ensure that loan funds are used only
      for eligible purposes under SFHGLP.
    type: do
    audit_question: For every USDA SFHGLP-guaranteed loan, can [LENDER] evidence that loan funds were used only for the eligible purposes described in HB-1-3555 Chapter 6?
    program_review: Does the program ensure loan funds are used only for the Chapter 6 eligible purposes?
    file_review: Pull a sample; confirm the use of loan funds maps to eligible SFHGLP purposes.
    judgment: false
    feeds: []
    workflow_phase: underwriting
    owner_role: underwriter
    secondary_owner_role: loan_officer
    cadence: per_loan
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch06
      - eligible-purposes
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 6.1 — Introduction
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter06.pdf
      snapshot_id: 1abc4ff91999e19a
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:0f48aed0e5bcd11a12e40062ff8e45ab9164b26041650b61338bad90d734635d
      paragraph_quote: responsible to ensure that loan funds are used only for eligible purposes.
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot 1abc4ff91999e19a (Ch 06) at 2026-05-23. Source PDF retrieved via Wayback Machine.
    promoted_at: '2026-05-23T13:24:34+00:00'
    promoted_from: usda-hb-3555-ch06-roundb-v1.yaml
  - id: usda-hb-3555-ch06-lender-fees-cfpb-points-fees-limit
    canonical_id: usda-hb-3555-ch06-lender-fees-cfpb-points-fees-limit
    section: USDA HB-1-3555 Ch. 6.2.C — Reasonable Lender Fees
    description: |
      [LENDER] fees and charges must meet the points and fees limits
      published by the Consumer Financial Protection Bureau (CFPB)
      in the Federal Register at 12 CFR 1026.43(e)(3) and cannot
      exceed those charged other applicants by [LENDER] for similar
      transactions such as FHA-insured or VA-guaranteed first
      mortgage loans. It is [LENDER]'s responsibility to ensure CFPB
      requirements are met.
    type: do
    audit_question: For every USDA SFHGLP-guaranteed loan, can [LENDER] evidence that lender fees and charges meet the CFPB points-and-fees limits at 12 CFR 1026.43(e)(3) and do not exceed those charged other applicants for similar FHA-insured or VA-guaranteed transactions?
    program_review: Does the program ensure lender fees/charges meet the CFPB points-and-fees limits at 12 CFR 1026.43(e)(3) and do not exceed those charged other applicants for similar FHA/VA first-mortgage transactions?
    file_review: Spot-check fee sheets; confirm fees are within the CFPB points-and-fees cap and not above comparable-transaction charges. The officer judges 'similar transaction' comparability.
    judgment: true
    feeds: []
    workflow_phase: underwriting
    owner_role: underwriter
    secondary_owner_role: loan_officer
    cadence: per_loan
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch06
      - lender-fees
      - qm-points-and-fees
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 6.2.C — Reasonable Lender Fees
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter06.pdf
      snapshot_id: 1abc4ff91999e19a
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:0f48aed0e5bcd11a12e40062ff8e45ab9164b26041650b61338bad90d734635d
      paragraph_quote: an origination fee and other fees and charges. Lender fees and charges must meet
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot 1abc4ff91999e19a (Ch 06) at 2026-05-23. Source PDF retrieved via Wayback Machine.
    promoted_at: '2026-05-23T13:24:34+00:00'
    promoted_from: usda-hb-3555-ch06-roundb-v1.yaml
  - id: usda-hb-3555-ch06-seller-concessions-six-percent-cap
    canonical_id: usda-hb-3555-ch06-seller-concessions-six-percent-cap
    section: USDA HB-1-3555 Ch. 6.2.C — Interested Party Concessions
    description: |
      Seller contributions (or other interested parties) are limited
      to six percent of the sales price and must represent an
      eligible loan purpose. The approved [LENDER] is responsible to
      ensure applicable limitations and eligible loan purposes are
      met. Seller contributions cannot be used to pay an applicant's
      personal debt or as an inducement to purchase.
    type: do
    audit_question: For every USDA SFHGLP-guaranteed purchase loan with interested-party contributions, can [LENDER] evidence that seller contributions (i) did not exceed six percent of the sales price, (ii) represented an eligible loan purpose, and (iii) were not used to pay applicant personal debt or as an inducement to purchase?
    program_review: Does the program account for the interested-party-contribution limits — six percent of sales price, eligible-loan-purpose only, and not usable to pay applicant personal debt or as a purchase inducement?
    file_review: Spot-check purchase loans with seller credits; confirm the 6% cap, eligible-purpose application, and that no contribution paid applicant debt or served as an inducement.
    judgment: false
    feeds: []
    workflow_phase: underwriting
    owner_role: underwriter
    secondary_owner_role: loan_officer
    cadence: per_loan
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch06
      - interested-party-concessions
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 6.2.C — Interested Party Concessions
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter06.pdf
      snapshot_id: 1abc4ff91999e19a
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:0f48aed0e5bcd11a12e40062ff8e45ab9164b26041650b61338bad90d734635d
      paragraph_quote: are limited to six percent of the sales price and must represent an eligible loan
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot 1abc4ff91999e19a (Ch 06) at 2026-05-23. Source PDF retrieved via Wayback Machine.
    promoted_at: '2026-05-23T13:24:34+00:00'
    promoted_from: usda-hb-3555-ch06-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-23T13:24:34+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\usda-hb-3555-ch06-roundb-v1.yaml
    candidates_promoted: 3
    candidates_skipped_existing: 0

Verbatim regulatory text (3)

Verbatim provisions from USDA HB-1-3555 ch06 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. 6.1 — Introduction [7 CFR 3555.101]

responsible to ensure that loan funds are used only for eligible purposes.

Source: USDA HB-1-3555 Chapter 6.1 — Introduction · source URL · snapshot 1abc4ff91999e19a

USDA HB-1-3555 Ch. 6.2.C — Reasonable Lender Fees

an origination fee and other fees and charges. Lender fees and charges must meet

Source: USDA HB-1-3555 Chapter 6.2.C — Reasonable Lender Fees · source URL · snapshot 1abc4ff91999e19a

USDA HB-1-3555 Ch. 6.2.C — Interested Party Concessions

are limited to six percent of the sales price and must represent an eligible loan

Source: USDA HB-1-3555 Chapter 6.2.C — Interested Party Concessions · source URL · snapshot 1abc4ff91999e19a

Operationalizing USDA HB-1-3555 ch06 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-ch06/ · register usda-hb-3555-ch06 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.