USDA HB-1-3555 ch14 bootstrap

usda-hb-3555-ch14

Bootstrap for USDA HB-1-3555 ch14 register.

Get this register: .xlsx .csv More bundles →

source:
  type: regulation
  id: usda-hb-3555-ch14
  authority: USDA HB-1-3555 ch14 bootstrap
  description: Bootstrap for USDA HB-1-3555 ch14 register.
obligations:
  - id: usda-hb-3555-ch14-lender-prompt-withdrawal-when-no-longer-needed
    canonical_id: usda-hb-3555-ch14-lender-prompt-withdrawal-when-no-longer-needed
    section: USDA HB-1-3555 Ch. 14.5 — Lender Withdrawal of Application
    description: |
      [LENDER] must inform the Agency promptly when [LENDER] no
      longer requires the funds, to avoid depriving other pending
      applicants the opportunity to obtain a loan guarantee.
    type: notify
    audit_question: When [LENDER] no longer requires the funds allocated to a USDA SFHGLP application (because of lender rejection, property change, or borrower's choice of a different program), can [LENDER] evidence prompt notification to the Agency to withdraw the application?
    program_review: Does the program ensure prompt Agency notification to withdraw an application when [LENDER] no longer needs the obligated funds (lender rejection, property change, borrower's different-program choice), so other applicants aren't deprived?
    file_review: Spot-check withdrawn/dead applications; confirm prompt Agency withdrawal notification once funds were no longer needed.
    judgment: false
    feeds: []
    workflow_phase: pre_closing
    owner_role: loan_officer
    secondary_owner_role: compliance_officer
    cadence: per_event
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch14
      - withdrawal
      - funding
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 14.5 — Lender Withdrawal of Application
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter14.pdf
      snapshot_id: a9d5b866236f91d4
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:8c8588117ba9f60c5e3d0ba0ea4ff61fa450165daebe0062c0f88f285c217452
      paragraph_quote: It is crucial for lenders to inform the Agency promptly when they no longer require
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot a9d5b866236f91d4 (Ch 14) at 2026-05-23. Source PDF retrieved via Wayback Machine.
    promoted_at: '2026-05-23T23:58:54+00:00'
    promoted_from: usda-hb-3555-ch14-roundb-v1.yaml
  - id: usda-hb-3555-ch14-no-adverse-change-cert-on-conditional-commitment
    canonical_id: usda-hb-3555-ch14-no-adverse-change-cert-on-conditional-commitment
    section: USDA HB-1-3555 Ch. 14.4.B — Conditional Commitments Subject to Availability of Funds
    description: |
      When funding becomes available after a Conditional Commitment
      was issued "subject to availability of funds," [LENDER] must
      certify to the Agency, using the process provided on Form RD
      3555-18, that there have been no adverse changes in the
      borrower's financial condition since the Conditional
      Commitment was issued by the Agency.
    type: do
    audit_question: For every USDA SFHGLP loan where a Conditional Commitment was issued "subject to availability of funds" and was later confirmed once funding became available, can [LENDER] evidence its certification on Form RD 3555-18 that there have been no adverse changes in the borrower's financial condition since the Conditional Commitment was issued?
    program_review: Does the program account for the 'subject to availability of funds' path — when funding later becomes available, [LENDER] certifies on Form RD 3555-18 that there have been no adverse changes in the borrower's financial condition since the Conditional Commitment issued?
    file_review: Spot-check loans confirmed after a 'subject to availability of funds' Conditional Commitment; confirm the Form RD 3555-18 no-adverse-change certification. The officer judges whether any change should have been treated as adverse.
    judgment: true
    feeds: []
    workflow_phase: pre_closing
    owner_role: loan_officer
    secondary_owner_role: underwriter
    cadence: per_event
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch14
      - conditional-commitment
      - certification
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 14.4.B — Conditional Commitments Subject to Availability of Funds
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter14.pdf
      snapshot_id: a9d5b866236f91d4
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:8c8588117ba9f60c5e3d0ba0ea4ff61fa450165daebe0062c0f88f285c217452
      paragraph_quote: A lender must certify to the Agency,
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot a9d5b866236f91d4 (Ch 14) at 2026-05-23. Source PDF retrieved via Wayback Machine.
    promoted_at: '2026-05-23T23:58:54+00:00'
    promoted_from: usda-hb-3555-ch14-roundb-v1.yaml
  - id: usda-hb-3555-ch14-lender-bears-risk-pre-lng
    canonical_id: usda-hb-3555-ch14-lender-bears-risk-pre-lng
    section: USDA HB-1-3555 Ch. 14.4.B — Risk of Loss Pre-LNG
    description: |
      Where [LENDER] elects to close a SFHGLP loan under a
      Conditional Commitment "subject to availability of funds,"
      [LENDER] will assume all risk of loss until funds become
      available and the Agency issues the Loan Note Guarantee.
    type: do
    audit_question: For every USDA SFHGLP loan closed under a "subject to availability of funds" Conditional Commitment before the Loan Note Guarantee was issued, can [LENDER] evidence that it has assumed and tracked the risk of loss on that loan until LNG issuance?
    program_review: Does the program account for and track the §14.4.B risk allocation — where [LENDER] closes under a 'subject to availability of funds' Conditional Commitment, it bears all risk of loss until funds become available and the Loan Note Guarantee issues?
    file_review: Spot-check loans closed pre-LNG under a 'subject to availability of funds' commitment; confirm the risk-of-loss exposure was tracked through LNG issuance.
    judgment: false
    feeds: []
    workflow_phase: pre_closing
    owner_role: loan_officer
    secondary_owner_role: compliance_officer
    cadence: per_event
    consequence: Lender bears full risk of loss until Agency issues Loan Note Guarantee.
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch14
      - risk-of-loss
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 14.4.B — Conditional Commitments Subject to Availability of Funds
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter14.pdf
      snapshot_id: a9d5b866236f91d4
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:8c8588117ba9f60c5e3d0ba0ea4ff61fa450165daebe0062c0f88f285c217452
      paragraph_quote: The lender will assume all risk of loss until funds become available and the
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot a9d5b866236f91d4 (Ch 14) at 2026-05-23. Source PDF retrieved via Wayback Machine.
    promoted_at: '2026-05-23T23:58:54+00:00'
    promoted_from: usda-hb-3555-ch14-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-23T23:58:54+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\usda-hb-3555-ch14-roundb-v1.yaml
    candidates_promoted: 3
    candidates_skipped_existing: 0

Verbatim regulatory text (3)

Verbatim provisions from USDA HB-1-3555 ch14 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. 14.5 — Lender Withdrawal of Application

It is crucial for lenders to inform the Agency promptly when they no longer require

Source: USDA HB-1-3555 Chapter 14.5 — Lender Withdrawal of Application · source URL · snapshot a9d5b866236f91d4

USDA HB-1-3555 Ch. 14.4.B — Conditional Commitments Subject to Availability of Funds

A lender must certify to the Agency,

Source: USDA HB-1-3555 Chapter 14.4.B — Conditional Commitments Subject to Availability of Funds · source URL · snapshot a9d5b866236f91d4

USDA HB-1-3555 Ch. 14.4.B — Risk of Loss Pre-LNG

The lender will assume all risk of loss until funds become available and the

Source: USDA HB-1-3555 Chapter 14.4.B — Conditional Commitments Subject to Availability of Funds · source URL · snapshot a9d5b866236f91d4

Operationalizing USDA HB-1-3555 ch14 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-ch14/ · register usda-hb-3555-ch14 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.