USDA HB-1-3555 ch16 bootstrap

usda-hb-3555-ch16

Bootstrap for USDA HB-1-3555 ch16 register.

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source:
  type: regulation
  id: usda-hb-3555-ch16
  authority: USDA HB-1-3555 ch16 bootstrap
  description: Bootstrap for USDA HB-1-3555 ch16 register.
obligations:
  - id: usda-hb-3555-ch16-comply-with-conditional-commitment
    canonical_id: usda-hb-3555-ch16-comply-with-conditional-commitment
    section: USDA HB-1-3555 Ch. 16.1 — Introduction
    description: |
      [LENDER] is required to comply with all conditions stated on
      Form RD 3555-18 or Form RD 3555-18E, Conditional Commitment for
      Single Family Housing Loan Guarantee, and any attachments, as
      applicable. The loan must close under the same terms as
      underwritten and approved for in the Conditional Commitment.
    type: do
    audit_question: For every USDA SFHGLP-guaranteed loan, can [LENDER] evidence (i) compliance with all conditions stated on Form RD 3555-18 / 18E and any attachments, and (ii) that the loan closed under the same terms as underwritten and approved in the Conditional Commitment?
    program_review: Does the program ensure compliance with all conditions on Form RD 3555-18 / 18E (and attachments) and that the loan closes on the same terms as underwritten and approved in the Conditional Commitment?
    file_review: Pull a sample; confirm each Conditional Commitment condition was met and closing terms matched the approved terms.
    judgment: false
    feeds: []
    workflow_phase: closing
    owner_role: closer
    secondary_owner_role: loan_officer
    cadence: per_loan
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch16
      - conditional-commitment
      - closing
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 16.1 — Introduction
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter16.pdf
      snapshot_id: c23df4f854eaa409
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:3f65011e8ac7c0161be8a6e321689b5724f21c8653308b52fd3c9566bade6c47
      paragraph_quote: The lender is required to comply with all conditions stated on Form RD 3555-18 or
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot c23df4f854eaa409 (Ch 16) at 2026-05-23. Source PDF retrieved via Wayback Machine.
    promoted_at: '2026-05-23T16:19:25+00:00'
    promoted_from: usda-hb-3555-ch16-roundb-v1.yaml
  - id: usda-hb-3555-ch16-loan-must-close-same-or-better-terms
    canonical_id: usda-hb-3555-ch16-loan-must-close-same-or-better-terms
    section: USDA HB-1-3555 Ch. 16.2 — Closing in Compliance with Conditional Commitment Approval
    description: |
      The loan must close under the same, or more favorable, terms
      as underwritten and approved on the Conditional Commitment.
      Any changes in the loan terms, characteristics of the
      applicant, or characteristics of the property between the
      issuance of Conditional Commitment and loan closing requires
      [LENDER] to notify the Agency in writing.
    type: notify
    audit_question: For every USDA SFHGLP-guaranteed loan, can [LENDER] evidence that (i) the loan closed under the same or more favorable terms as the Conditional Commitment, and (ii) any change in loan terms, applicant characteristics, or property characteristics between Conditional Commitment issuance and closing was notified to the Agency in writing?
    program_review: Does the program account for the same-or-more-favorable-terms rule and the change-notification trigger — any change in loan terms, applicant characteristics, or property characteristics between Conditional Commitment and closing requires written Agency notification?
    file_review: Spot-check files with mid-stream changes; confirm closing terms were same/more favorable and that any qualifying change was notified to the Agency in writing. The officer judges whether a change was material enough to require notification.
    judgment: true
    feeds: []
    workflow_phase: closing
    owner_role: closer
    secondary_owner_role: loan_officer
    cadence: per_loan
    consequence: Failure to obtain Agency approval of changes may result in denial of the Loan Note Guarantee request.
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch16
      - terms-change
      - notice
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 16.2 — Closing the Loan
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter16.pdf
      snapshot_id: c23df4f854eaa409
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:3f65011e8ac7c0161be8a6e321689b5724f21c8653308b52fd3c9566bade6c47
      paragraph_quote: The loan must close under the same, or more favorable, terms as underwritten
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot c23df4f854eaa409 (Ch 16) at 2026-05-23. Source PDF retrieved via Wayback Machine.
    promoted_at: '2026-05-23T16:19:25+00:00'
    promoted_from: usda-hb-3555-ch16-roundb-v1.yaml
  - id: usda-hb-3555-ch16-30-day-lng-request-window
    canonical_id: usda-hb-3555-ch16-30-day-lng-request-window
    section: USDA HB-1-3555 Ch. 16.3 — Requesting the Loan Note Guarantee
    description: |
      [LENDER] must provide evidence the loan was properly closed
      and remit the upfront loan guarantee fee and the USDA
      technology fee within 30 days of closing the loan. Requests
      received more than 30 days after loan closing will be
      considered, but must include a payment history verifying the
      loan is current and certification that neither [LENDER] nor
      another interested party provided funds to keep the mortgage
      current.
    type: do
    audit_question: For every USDA SFHGLP-guaranteed loan, can [LENDER] evidence that, within 30 days of closing, it (i) provided the Agency evidence of proper closing and (ii) remitted the upfront loan guarantee fee and USDA technology fee — or, if filed after the 30-day window, that the submission included a current-payment-history verification and certification that no [LENDER] / interested-party funds were used to keep the mortgage current?
    program_review: Does the program track the 30-day post-closing LNG window — evidence of proper closing plus the upfront guarantee fee and technology fee within 30 days, and account for the late-path requirement (current-payment-history verification plus certification that no lender/interested-party funds kept the mortgage current)?
    file_review: Spot-check LNG requests; confirm 30-day timing or, where late, the current-payment-history verification and no-funds-advanced certification.
    judgment: false
    feeds: []
    workflow_phase: post_closing
    owner_role: closer
    secondary_owner_role: compliance_officer
    cadence: per_loan
    consequence: A Loan Note Guarantee will not be issued beyond 30 days of loan closing if the account is in default at the time of the request.
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch16
      - lng
      - 30-day
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 16.3 — Requesting the Loan Note Guarantee
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter16.pdf
      snapshot_id: c23df4f854eaa409
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:3f65011e8ac7c0161be8a6e321689b5724f21c8653308b52fd3c9566bade6c47
      paragraph_quote: The lender must provide evidence the loan was properly closed and remit the upfront
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot c23df4f854eaa409 (Ch 16) at 2026-05-23. Source PDF retrieved via Wayback Machine.
    promoted_at: '2026-05-23T16:19:25+00:00'
    promoted_from: usda-hb-3555-ch16-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-23T16:19:25+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\usda-hb-3555-ch16-roundb-v1.yaml
    candidates_promoted: 3
    candidates_skipped_existing: 0

Verbatim regulatory text (3)

Verbatim provisions from USDA HB-1-3555 ch16 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. 16.1 — Introduction

The lender is required to comply with all conditions stated on Form RD 3555-18 or

Source: USDA HB-1-3555 Chapter 16.1 — Introduction · source URL · snapshot c23df4f854eaa409

USDA HB-1-3555 Ch. 16.2 — Closing in Compliance with Conditional Commitment Approval

The loan must close under the same, or more favorable, terms as underwritten

Source: USDA HB-1-3555 Chapter 16.2 — Closing the Loan · source URL · snapshot c23df4f854eaa409

USDA HB-1-3555 Ch. 16.3 — Requesting the Loan Note Guarantee

The lender must provide evidence the loan was properly closed and remit the upfront

Source: USDA HB-1-3555 Chapter 16.3 — Requesting the Loan Note Guarantee · source URL · snapshot c23df4f854eaa409

Operationalizing USDA HB-1-3555 ch16 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-ch16/ · register usda-hb-3555-ch16 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.