USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶15.7 — Lender Response To Conditional Commitment

USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶15.7 — Lender Response To Conditional Commitment

15.7 LENDER RESPONSE TO CONDITIONAL COMMITMENT The lender has three responses to the issuance of Form RD 3555-18/18E: the lender may accept the terms and conditions, decline the terms and conditions for loan guarantee, or request that the terms and conditions be altered. A. Accepting the Conditions If the lender understands and agrees to accept the conditions listed on Form RD 3555- 18/18E, no further communication with the Agency is required until the lender is ready to request the loan guarantee. The loan must close in accordance with Form RD 3555- 18/18E which includes: 1. A loan amount equal to or less than the authorized amount, 2. An interest rate equal to or less than the authorized amount, and 3. Compliance with all stated conditions. HB-1-3555 (03-09-16) SPECIAL PN 15-7 Revised (08-05-25) PN 694 Guidance documents lack the force and effect of law, unless expressly authorized by statute or incorporated into a contract. USDA may not cite, use, or rely on any guidance that is not available through their guidance portal, except to establish historical facts. B. Declining the Conditions for Loan Guarantee If the lender determines that the terms and conditions stated on Form RD 3555- 18/18E cannot be met, that the loan guarantee is not needed, or that the loan will not go to closing, the lender must inform the Agency in writing as soon as possible. The funds for that loan request are reserved for the transaction until the expiration of the Conditional Commitment. Upon being informed that the lender intends to decline the conditions for loan guarantee, Agency staff will cancel the loan guarantee obligation in GLS. This will release the committed funds for reallocation to a new commitment. C. Requesting Changes in Conditions Requests to close the loan at a lower loan amount or interest rate than those authorized on the issued Conditional Commitment do not require any action. If the lender believes that there are erroneous conditions and requirements on Form RD 3555- 18/18E that should be altered, the lender may contact the Agency and propose alternatives. The request must be made via email and must not affect the eligibility of the loan. Modifications that adversely affect the loan, such as an increase in loan amount, interest rate, monthly liabilities, real estate taxes and homeowner’s insurance (that exceed the allowed threshold); or lower repayment income, assets, etc. require a new underwriting review. Refer to the resubmission policy outlined in Chapter 5 of this Handbook. The lender is not authorized to close the loan until a new Form RD 3555- 18/18E is issued. HB 1-3555 Attachment 15-A (03-09-16) SPECIAL PN 15-8 Revised (08-05-25) PN 694 Guidance documents lack the force and effect of law, unless expressly authorized by statute or incorporated into a contract. USDA may not cite, use, or rely on any guidance that is not available through their guidance portal, except to establish historical facts. ATTACHMENT 15-A Guaranteed Rural Housing Loan Origination Checklist >ĞŶĚĞƌ/ŶƐƚƌƵĐƟŽŶƐ͗^ƵďŵŝƚƚŚĞŝĚĞŶƟĮĞĚĚŽĐƵŵĞŶƚƐĨŽƌƚŚĞĂƉƉůŝĐĂďůĞůŽĂŶƚLJƉĞ͘dŽĞdžƉĞĚŝƚĞůŽĂŶƌĞǀŝĞǁ͕ƉůĞĂƐĞƐƵďŵŝƚŽŶůLJƚŚĞ ŝĚĞŶƟĮĞĚĚŽĐƵŵĞŶƚƐ͘ŽĐƵŵĞŶƚƐŵƵƐƚŶŽƚĞdžĐĞĞĚƚŚĞŵĂdžŝŵƵŵĂůůŽǁĂďůĞĂŐĞƐĞƚĨŽƌƚŚŝŶƚŚĞϳ&ZϯϱϱϱĂŶĚ,ĂŶĚŬϭͲϯϱϱϱ͘ ZƵƌĂůĞǀĞůŽƉŵĞŶƚǁŝůůĐŽŶƐŝĚĞƌĂůůĚŽĐƵŵĞŶƚƐƐƵďŵŝƩĞĚĂƐƚŚĞĐĞƌƟĮĞĚĂŶĚƚƌƵĞĐŽƉŝĞƐŽĨƚŚĞŽƌŝŐŝŶĂůĚŽĐƵŵĞŶƚƐƌĞƚĂŝŶĞĚŝŶƚŚĞ ůĞŶĚĞƌ͛ƐƉĞƌŵĂŶĞŶƚĮůĞ͘>ĞŶĚĞƌƐƐŚŽƵůĚƐƵďŵŝƚůŽĂŶĮůĞƐĞůĞĐƚƌŽŶŝĐĂůůLJƚŽZƵƌĂůĞǀĞůŽƉŵĞŶƚ͘^ĞĞϰ͘ϭ͘ϭϯŽĨƚŚĞ'h^ůĞŶĚĞƌƵƐĞƌ ŐƵŝĚĞ;ƵƐĚĂ͘ŐŽǀͿ ĨŽƌĨƵƌƚŚĞƌŝŶĨŽƌŵĂƟŽŶŽŶƐƵďŵŝƫŶŐĂĮůĞƚŚƌŽƵŐŚ'h^͕ĂƐǁĞůůĂƐƚŚĞDĂŶƵĂů^ƵďŵŝƐƐŝŽŶ:ŽďŝĚ;ƵƐĚĂ͘ŐŽǀͿ ĨŽƌ ĮůĞƐŶŽƚƐƵƉƉŽƌƚĞĚďLJ'h^͘ General Information ƉƉůŝĐĂŶƚ;ƐͿ͗ >ĞŶĚĞƌ͗ ĂƚĞ͗ Loan Origination Checklist Guaranteed Underwriting System (GUS)- Purchase and Non-Streamlined and Streamlined Refinance Transactions Underwriting Recommendation: ACCEPT When submitting documents in GUS, the appraisal report must be uploaded separately in color. † &ŽƌŵZϯϱϱϱͲϮϭ͕ZĞƋƵĞƐƚĨŽƌ^ŝŶŐůĞ&ĂŵŝůLJ,ŽƵƐŝŶŐ>ŽĂŶ'ƵĂƌĂŶƚĞĞ /ŶĐůƵĚĞĂůůƉĂŐĞƐĨƌŽŵƚŚĞĐƵƌƌĞŶƚƉƵďůŝƐŚĞĚǀĞƌƐŝŽŶ džĞĐƵƚĞĚďLJĂƉƉůŝĐĂŶƚ;ƐͿĂŶĚůĞŶĚĞƌ † & D^ƚĂŶĚĂƌĚ&ůŽŽĚ,ĂnjĂƌĚĞƚĞƌŵŝŶĂƟŽŶ&Žƌŵ EĞǁĐŽŶƐƚƌƵĐƟŽŶƉƌŽƉĞƌƟĞƐůŽĐĂƚĞĚŝŶϭϬϬͲLJĞĂƌŇŽŽĚƉůĂŝŶƐƌĞƋƵŝƌĞĂĚĚŝƟŽŶĂůĚŽĐƵŵĞŶƚĂƟŽŶ͕ŝŶĐůƵĚŝŶŐ ĐŽŶĮƌŵĂƟŽŶƚŚĞďĂƐĞŇŽŽĚĞůĞǀĂƟŽŶ;& ͿŝƐďĞůŽǁůŽǁĞƐƚŚĂďŝƚĂďůĞŇŽŽƌ͘ >ĞŶĚĞƌƚŽƵƐĞƚŚĞŵŽƐƚĐƵƌƌĞŶƚĨŽƌŵĂǀĂŝůĂďůĞĨƌŽŵ& D͘ † DŽƌƚŐĂŐĞWĂLJŽī^ƚĂƚĞŵĞŶƚ͗/ĨƌĞĮŶĂŶĐĞƚƌĂŶƐĂĐƟŽŶ † hŶŝĨŽƌŵZĞƐŝĚĞŶƟĂůƉƉƌĂŝƐĂůZĞƉŽƌƚ;hZZͿ dŚĞĂƉƉƌĂŝƐĞƌŵƵƐƚƵƐĞƚŚĞŵŽƐƚĐƵƌƌĞŶƚĨŽƌŵƐĂĐĐĞƉƚĂďůĞƚŽ&ĂŶŶŝĞDĂĞ͕&ƌĞĚĚŝĞDĂĐ͕s͕Žƌ,h͘ EŽƚƌĞƋƵŝƌĞĚĨŽƌŵŽƐƚƐƚƌĞĂŵůŝŶĞĚƌĞĮŶĂŶĐĞƚƌĂŶƐĂĐƟŽŶƐ͘ HB 1-3555 Attachment 15-A (03-09-16) SPECIAL PN 15-9 Revised (08-05-25) PN 694 Guidance documents lack the force and effect of law, unless expressly authorized by statute or incorporated into a contract. USDA may not cite, use, or rely on any guidance that is not available through their guidance portal, except to establish historical facts. >ŽĂŶKƌŝŐŝŶĂƟŽŶŚĞĐŬůŝƐƚ &ŝůĞƐEŽƚ^ƵƉƉŽƌƚĞĚLJ'h^͕'h^ZĞĨĞƌͬZĞĨĞƌǁŝƚŚĂƵƟŽŶhŶĚĞƌǁƌŝƟŶŐZĞĐŽŵŵĞŶĚĂƟŽŶ͕Žƌ 'h^ĐĐĞƉƚǁŝƚŚ&ƵůůŽĐƵŵĞŶƚĂƟŽŶDĞƐƐĂŐĞŽŶ'h^hŶĚĞƌǁƌŝƟŶŐ&ŝŶĚŝŶŐƐĂŶĚŶĂůLJƐŝƐZĞƉŽƌƚ tŚĞŶƐƵďŵŝƫŶŐĚŽĐƵŵĞŶƚƐŝŶ'h^͕ƚŚĞĂƉƉƌĂŝƐĂůƌĞƉŽƌƚŵƵƐƚďĞƵƉůŽĂĚĞĚƐĞƉĂƌĂƚĞůLJŝŶĐŽůŽƌ͘ dŚĞDĂŶƵĂů&ŝůĞ^ƵďŵŝƐƐŝŽŶ:ŽďŝĚůŽĐĂƚĞĚŽŶƚŚĞ>/EdƌĂŝŶŝŶŐĂŶĚZĞƐŽƵƌĐĞ>ŝďƌĂƌLJĂƚ ŚƩƉƐ͗ͬͬǁǁǁ͘ƌĚ͘ƵƐĚĂ͘ŐŽǀͬƌĞƐŽƵƌĐĞƐͬƵƐĚĂͲůŝŶĐͲƚƌĂŝŶŝŶŐͲƌĞƐŽƵƌĐĞͲůŝďƌĂƌLJͬůŽĂŶͲŽƌŝŐŝŶĂƟŽŶ † &ŽƌŵZϯϱϱϱͲϮϭ͕ZĞƋƵĞƐƚĨŽƌ^ŝŶŐůĞ&ĂŵŝůLJ,ŽƵƐŝŶŐ>ŽĂŶ'ƵĂƌĂŶƚĞĞ /ŶĐůƵĚĞĂůůƉĂŐĞƐĨƌŽŵĐƵƌƌĞŶƚƉƵďůŝƐŚĞĚǀĞƌƐŝŽŶ džĞĐƵƚĞĚďLJĂƉƉůŝĐĂŶƚ;ƐͿĂŶĚůĞŶĚĞƌ † hŶĚĞƌǁƌŝƟŶŐŶĂůLJƐŝƐ͗&EDϭϬϬϴͬ&,>DϭϬϳϳ͕ŽƌƐŝŵŝůĂƌĨŽƌŵ ŽĐƵŵĞŶƚĂƟŽŶŽĨĂŶŶƵĂůĂŶĚƌĞƉĂLJŵĞŶƚŝŶĐŽŵĞĐĂůĐƵůĂƟŽŶƐ ƌĞĚŝƚǁĂŝǀĞƌĞdžƉůĂŶĂƟŽŶƐ͕ĚĞďƚƌĂƟŽǁĂŝǀĞƌĐŽŵƉĞŶƐĂƟŶŐĨĂĐƚŽƌƐ͕ĂŶĚŽǀĞƌĂůůůŽĂŶĮůĞĐŽŵŵĞŶƚƐŵĂLJďĞ ĚŽĐƵŵĞŶƚĞĚŽŶƚŚŝƐĨŽƌŵ † /ŶĐŽŵĞsĞƌŝĮĐĂƟŽŶŽĐƵŵĞŶƚĂƟŽŶ͗ƉƉůŝĐĂďůĞŵĞƚŚŽĚƐ ůƚĞƌŶĂƟǀĞŽĐƵŵĞŶƚĂƟŽŶ͗EŽŶƐĞůĨͲĞŵƉůŽLJĞĚ͗ tƌŝƩĞŶͬ ůĞĐƚƌŽŶŝĐsK нϭĞĂƌŶŝŶŐƐƚĂƚĞŵĞŶƚǁŝƚŚzdĮŐƵƌĞƐ &ƵůůŽĐƵŵĞŶƚĂƟŽŶ͗EŽŶƐĞůĨͲĞŵƉůŽLJĞĚ͗ ϮLJĞĂƌƐtͲϮƐнϰǁĞĞŬƐŽĨĞĂƌŶŝŶŐƐƚĂƚĞŵĞŶƚƐǁŝƚŚzdĮŐƵƌĞƐ ^ĞůĨͲ ŵƉůŽLJĞĚ͗ ϮLJĞĂƌƐƉĞƌƐŽŶĂůĂŶĚďƵƐŝŶĞƐƐĮůĞĚŝŶĐŽŵĞƚĂdžƌĞƚƵƌŶƐŽƌ/Z^ƚƌĂŶƐĐƌŝƉƚƐǁŝƚŚĂůůƐĐŚĞĚƵůĞƐнzdƉƌŽĮƚĂŶĚůŽƐƐ ƐƚĂƚĞŵĞŶƚ ĚĚŝƟŽŶĂů/ŶĐŽŵĞdLJƉĞƐ͗^^/͕sĞŶĞĮƚƐ͕WĞŶƐŝŽŶ͕ZĞƟƌĞŵĞŶƚ͕ĞƚĐ͘ ZĞĨĞƌƚŽŚĂƉƚĞƌϵĨŽƌĂĐĐĞƉƚĂďůĞǀĞƌŝĮĐĂƟŽŶĚŽĐƵŵĞŶƚƐ † ƐƐĞƚŽĐƵŵĞŶƚĂƟŽŶ͗ ŽĐƵŵĞŶƚĂƟŽŶĨŽƌĂůůĂƉƉůŝĐĂďůĞŚŽƵƐĞŚŽůĚŵĞŵďĞƌƐƉĞƌϯϱϱϱ͘ϭϱϮ;ĚͿ sK͛Ɛ͕ďĂŶŬŽƌŝŶǀĞƐƚŵĞŶƚƐƚĂƚĞŵĞŶƚƐ͕ŐŝŌůĞƩĞƌƐ͕ĞƚĐ͘ ZĞĨĞƌƚŽŚĂƉƚĞƌϵĨŽƌĂĐĐĞƉƚĂďůĞǀĞƌŝĮĐĂƟŽŶĚŽĐƵŵĞŶƚƐĨŽƌĞĂĐŚĂƐƐĞƚƚLJƉĞ͘ † ƌĞĚŝƚZĞƉŽƌƚ͗;ĂƐĂƉƉůŝĐĂďůĞͿ ƌĞĚŝƚZĞƉŽƌƚ͗&ŽƌůŽĂŶƐƐƵďŵŝƩĞĚŽƵƚƐŝĚĞŽĨ'h^͘'h^ůŽĂŶƐǁŝůůŚĂǀĞƚŚĞĐƌĞĚŝƚƌĞƉŽƌƚƵƉůŽĂĚĞĚ͘ EŽŶͲdƌĂĚŝƟŽŶĂůĐƌĞĚŝƚƚƌĂĚĞůŝŶĞƐ͕ĂƐĂƉƉůŝĐĂďůĞ ƌĞĚŝƚƐƵƉƉůĞŵĞŶƚƐ͕ŝĨƵƟůŝnjĞĚƚŽƐƵƉƉŽƌƚĚĂƚĂĂĚũƵƐƚĞĚĨƌŽŵĐƌĞĚŝƚƌĞƉŽƌƚ † sĞƌŝĮĐĂƟŽŶŽĨZĞŶƚ͗ EKdWW>/> &KZ'h^ Wd&h>>KhD Edd/KE ƉƉůŝĐĂďůĞĨŽƌŵĂŶƵĂůůLJƵŶĚĞƌǁƌŝƩĞŶůŽĂŶƐǁŝƚŚĐƌĞĚŝƚƐĐŽƌĞƐůĞƐƐƚŚĂŶϲϴϬǁŚĞŶƌĞŶƚĂůŚŝƐƚŽƌLJŝƐŝŶĚŝĐĂƚĞĚ͘ ZĞĨĞƌƚŽŚĂƉƚĞƌϭϬĨŽƌŐƵŝĚĂŶĐĞŽŶĚŽĐƵŵĞŶƟŶŐƌĞŶƚĂŶĚŶŽŶͲƚƌĂĚŝƟŽŶĂůĐƌĞĚŝƚǁŚĞŶĂsKZŝƐƌĞƋƵŝƌĞĚ͕ďƵƚŶŽƚ ĂǀĂŝůĂďůĞ͘ † DŽƌƚŐĂŐĞWĂLJŽī^ƚĂƚĞŵĞŶƚ͗/ĨƌĞĮŶĂŶĐĞƚƌĂŶƐĂĐƟŽŶ  † & D^ƚĂŶĚĂƌĚ&ůŽŽĚ,ĂnjĂƌĚĞƚĞƌŵŝŶĂƟŽŶ&Žƌŵ͗ EĞǁĐŽŶƐƚƌƵĐƟŽŶƉƌŽƉĞƌƟĞƐůŽĐĂƚĞĚŝŶϭϬϬͲLJĞĂƌŇŽŽĚƉůĂŝŶƐƌĞƋƵŝƌĞĂĚĚŝƟŽŶĂůĚŽĐƵŵĞŶƚĂƟŽŶ͕ŝŶĐůƵĚŝŶŐ ĐŽŶĮƌŵĂƟŽŶďĂƐĞŇŽŽĚĞůĞǀĂƟŽŶ;& ͿŝƐďĞůŽǁůŽǁĞƐƚŚĂďŝƚĂďůĞŇŽŽƌ͘ >ĞŶĚĞƌƚŽƵƐĞŵŽƐƚĐƵƌƌĞŶƚĨŽƌŵĂǀĂŝůĂďůĞĨƌŽŵ& D͘ † hŶŝĨŽƌŵZĞƐŝĚĞŶƟĂůƉƉƌĂŝƐĂůZĞƉŽƌƚ;hZZͿ EKdWW>/> dKDK^d^dZ D>/E KZ^dZ D>/E Ͳ^^/^dZ &/EE ^ dŚĞĂƉƉƌĂŝƐĞƌŵƵƐƚƵƐĞƚŚĞŵŽƐƚĐƵƌƌĞŶƚĨŽƌŵƐĂĐĐĞƉƚĂďůĞƚŽ&ĂŶŶŝĞDĂĞ͕&ƌĞĚĚŝĞDĂĐ͕s͕Žƌ,h͘   HB 1-3555 Attachment 15-A (03-09-16) SPECIAL PN 15-10 Revised (08-05-25) PN 694 Guidance documents lack the force and effect of law, unless expressly authorized by statute or incorporated into a contract. USDA may not cite, use, or rely on any guidance that is not available through their guidance portal, except to establish historical facts.  >ŽĂŶKƌŝŐŝŶĂƟŽŶŚĞĐŬůŝƐƚ ^ƚƌĞĂŵůŝŶĞĚƐƐŝƐƚZĞĮŶĂŶĐĞDĂŶƵĂůhŶĚĞƌǁƌŝƚĞZĞǀŝĞǁ dŚŝƐĐŚĞĐŬůŝƐƚŝƐĨŽƌƚŚĞ^ƚƌĞĂŵůŝŶĞĚƐƐŝƐƚZĞĮŶĂŶĐĞƉƌŽŐƌĂŵ͘ůůĚŽĐƵŵĞŶƚƐŵƵƐƚďĞƐƵďŵŝƩĞĚƚŽƚŚĞŐĞŶĐLJƵƐŝŶŐ'h^͕ ŚŽǁĞǀĞƌƚŚĞůĞŶĚĞƌǁŝůůŶŽƚĐŽŵƉůĞƚĞĂĮŶĂůƐƵďŵŝƐƐŝŽŶŝŶ'h^͘'ƵŝĚĂŶĐĞŽŶƚŚŝƐƉƌŽĐĞƐƐĐĂŶďĞůŽĐĂƚĞĚŝŶƚŚĞDĂŶƵĂů&ŝůĞ ^ƵďŵŝƐƐŝŽŶ:ŽďŝĚůŽĐĂƚĞĚŽŶƚŚĞ>/EdƌĂŝŶŝŶŐĂŶĚZĞƐŽƵƌĐĞ>ŝďƌĂƌLJĂƚŚƩƉƐ͗ͬͬǁǁǁ͘ƌĚ͘ƵƐĚĂ͘ŐŽǀͬƌĞƐŽƵƌĐĞƐͬƵƐĚĂͲůŝŶĐͲƚƌĂŝŶŝŶŐͲ ƌĞƐŽƵƌĐĞͲůŝďƌĂƌLJͬůŽĂŶͲŽƌŝŐŝŶĂƟŽŶ͘  ŌĞƌƵƉůŽĂĚŝŶŐĚŽĐƵŵĞŶƚƐŝŶ'h^͕ƚŚĞůĞŶĚĞƌŵƵƐƚŶŽƟĨLJƚŚĞŐĞŶĐLJƚŚĞĚŽĐƵŵĞŶƚƐŚĂǀĞďĞĞŶƵƉůŽĂĚĞĚ͘  tŚĞŶƵŶĚĞƌǁƌŝƟŶŐĂ^ƚƌĞĂŵůŝŶĞĚƐƐŝƐƚZĞĮŶĂŶĐĞ͗ o ŽƌƌŽǁĞƌƐŵƵƐƚƌĞĐĞŝǀĞĂƚůĞĂƐƚĂΨϱϬŶĞƚƚĂŶŐŝďůĞďĞŶĞĮƚƌĞĚƵĐƟŽŶŝŶƚŽƚĂůƉƌŝŶĐŝƉĂů͕ŝŶƚĞƌĞƐƚ͕ĂŶĚŵŽŶƚŚůLJĂŶŶƵĂů ĨĞĞƉĂLJŵĞŶƚ͘ o dŚĞŝŶƚĞƌĞƐƚƌĂƚĞĐĂŶŶŽƚĞdžĐĞĞĚƚŚĞƌĂƚĞŽĨƚŚĞůŽĂŶďĞŝŶŐƌĞĮŶĂŶĐĞĚ͘  † &ŽƌŵZϯϱϱϱͲϮϭ͕ZĞƋƵĞƐƚĨŽƌ^ŝŶŐůĞ&ĂŵŝůLJ,ŽƵƐŝŶŐ>ŽĂŶ'ƵĂƌĂŶƚĞĞ /ŶĐůƵĚĞĂůůƉĂŐĞƐĨƌŽŵĐƵƌƌĞŶƚƉƵďůŝƐŚĞĚǀĞƌƐŝŽŶ džĞĐƵƚĞĚďLJĂƉƉůŝĐĂŶƚ;ƐͿĂŶĚůĞŶĚĞƌ  † hŶĚĞƌǁƌŝƟŶŐŶĂůLJƐŝƐ͗&EDϭϬϬϴͬ&,>DϭϬϳϳ͕ŽƌƐŝŵŝůĂƌĨŽƌŵ ŽĐƵŵĞŶƚĂƟŽŶŽĨĂŶŶƵĂůĂŶĚĂĚũƵƐƚĞĚĂŶŶƵĂůŝŶĐŽŵĞĐĂůĐƵůĂƟŽŶƐ † hŶŝĨŽƌŵZĞƐŝĚĞŶƟĂů>ŽĂŶƉƉůŝĐĂƟŽŶ͗&EDϭϬϬϯͬ&,>Dϲϱ EŽƚƌĞƋƵŝƌĞĚƚŽďĞƐŝŐŶĞĚďLJĂƉƉůŝĐĂŶƚ;ƐͿŽƌůĞŶĚĞƌ  † /ŶĐŽŵĞsĞƌŝĮĐĂƟŽŶŽĐƵŵĞŶƚĂƟŽŶ͗ZĞƋƵŝƌĞĚĨŽƌŶŶƵĂů/ŶĐŽŵĞĂůĐƵůĂƟŽŶƐ ůƚĞƌŶĂƟǀĞŽĐƵŵĞŶƚĂƟŽŶ͗EŽŶƐĞůĨͲĞŵƉůŽLJĞĚ͗ tƌŝƩĞŶͬ ůĞĐƚƌŽŶŝĐsK нϭĞĂƌŶŝŶŐƐƚĂƚĞŵĞŶƚǁŝƚŚzdĮŐƵƌĞƐ &ƵůůŽĐƵŵĞŶƚĂƟŽŶ͗EŽŶƐĞůĨͲĞŵƉůŽLJĞĚ͗ ϮLJĞĂƌƐtͲϮ͛ƐнϰǁĞĞŬƐŽĨĞĂƌŶŝŶŐƐƚĂƚĞŵĞŶƚƐǁŝƚŚzdĮŐƵƌĞƐ ^ĞůĨͲ ŵƉůŽLJĞĚ͗ ϮLJĞĂƌƐƉĞƌƐŽŶĂůĂŶĚďƵƐŝŶĞƐƐĮůĞĚŝŶĐŽŵĞƚĂdžƌĞƚƵƌŶƐŽƌ/Z^ƚƌĂŶƐĐƌŝƉƚƐǁŝƚŚĂůůƐĐŚĞĚƵůĞƐнzdƉƌŽĮƚĂŶĚůŽƐƐ ƐƚĂƚĞŵĞŶƚ ĚĚŝƟŽŶĂů/ŶĐŽŵĞdLJƉĞƐ͗^^/͕sĞŶĞĮƚƐ͕WĞŶƐŝŽŶ͕ZĞƟƌĞŵĞŶƚ͕ĞƚĐ͘ ZĞĨĞƌƚŽŚĂƉƚĞƌϵĨŽƌĂĐĐĞƉƚĂďůĞǀĞƌŝĮĐĂƟŽŶĚŽĐƵŵĞŶƚƐ  † ƐƐĞƚŽĐƵŵĞŶƚĂƟŽŶ͗ŶŶƵĂů/ŶĐŽŵĞĂůĐƵůĂƟŽŶƐ ŽĐƵŵĞŶƚĂƟŽŶĨŽƌĂůůĂƉƉůŝĐĂďůĞŚŽƵƐĞŚŽůĚŵĞŵďĞƌƐƉĞƌϯϱϱϱ͘ϭϱϮ;ĚͿ sK͛Ɛ͕ďĂŶŬŽƌŝŶǀĞƐƚŵĞŶƚƐƚĂƚĞŵĞŶƚƐ͕ŐŝŌůĞƩĞƌƐ͕ĞƚĐ͘ ZĞĨĞƌƚŽŚĂƉƚĞƌϵĨŽƌĂĐĐĞƉƚĂďůĞǀĞƌŝĮĐĂƟŽŶĚŽĐƵŵĞŶƚƐĨŽƌĞĂĐŚĂƐƐĞƚƚLJƉĞ͘ † DŽƌƚŐĂŐĞWĂLJŵĞŶƚ,ŝƐƚŽƌLJ ƐƐƉĞĐŝĮĞĚŝŶŚĂƉƚĞƌϲ͕^ĞĐƟŽŶϲ͘Ϯ ƌĞĚŝƚZĞƉŽƌƚŽƌsĞƌŝĮĐĂƟŽŶŽĨDŽƌƚŐĂŐĞ  † DŽƌƚŐĂŐĞWĂLJŽī^ƚĂƚĞŵĞŶƚ  † hŶŝĨŽƌŵZĞƐŝĚĞŶƟĂůƉƉƌĂŝƐĂůZĞƉŽƌƚ;hZZͿ KŶůLJĂƉƉůŝĐĂďůĞƚŽĐƵƌƌĞŶƚŝƌĞĐƚ>ŽĂŶďŽƌƌŽǁĞƌƐĨŽƌƚŚĞƉƵƌƉŽƐĞŽĨĐĂůĐƵůĂƟŶŐƐƵďƐŝĚLJƌĞĐĂƉƚƵƌĞ͘ HB 1-3555 (03-09-16) SPECIAL PN 16-1 Revised (08-05-25) PN 649 Guidance documents lack the force and effect of law, unless expressly authorized by statute or incorporated into a contract. USDA may not cite, use, or rely on any guidance that is not available through their guidance portal, except to establish historical facts. CHAPTER 16: CLOSING THE LOAN AND REQUESTING THE GUARANTEE 7 CFR 3555.107

Source: USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶15.7 — Lender Response To Conditional Commitment · source URL · snapshot 0466acd1ea2d17a4