USDA HB-1-3555, Chapter 3 (Lender Approval), § 3.5

usda-hb-3555-3-5

USDA Handbook HB-1-3555 section 3.5. Full verbatim section text, substring-verified against snapshot 67d80132b9f2c99b.

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source:
  type: regulation
  id: usda-hb-3555-3.5
  authority: USDA HB-1-3555, Chapter 3 (Lender Approval), § 3.5
  description: USDA Handbook HB-1-3555 section 3.5. Full verbatim section text, substring-verified against snapshot 67d80132b9f2c99b.
  effective_date: '2023-07-21'
obligations:
  - id: usda-hb-3555-3.5-full
    canonical_id: usda-hb-3555-3.5-full
    section: USDA HB-1-3555, Chapter 3 (Lender Approval), § 3.5
    description: LENDER SALE OF GUARANTEED LOANS [7 CFR 3555.54] SFHGLP loans can only be sold to lenders meeting the requirements of Paragraph 3.2. The purchasing lender must execute Form RD 3555-16 or have an approved Form RD 3555-16 on file. The selling lender is responsible for providing the original Loan Note Guarantee to the purchasing lender and must report the sale of the guarantee on Form RD 3555-11, Guaranteed Rural Housing
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    tags:
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      - hb-1-3555
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    primary_source:
      tier: 1
      authority: USDA HB-1-3555, Chapter 3 (Lender Approval), § 3.5
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter03.pdf
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      paragraph_quote: LENDER SALE OF GUARANTEED LOANS [7 CFR 3555.54] SFHGLP loans can only be sold to lenders meeting the requirements of Paragraph 3.2. The purchasing lender must execute Form RD 3555-16 or have an approved Form RD 3555-16 on file. The selling lender is responsible for providing the original Loan Note Guarantee to the purchasing lender and must report the sale of the guarantee on Form RD 3555-11, Guaranteed Rural Housing Lender Record Change, within 30 days of the sale in accordance with Chapter 4, Paragraph 4.6.
      drafter_attestation: Verbatim from USDA HB-1-3555, snapshot 67d80132b9f2c99b; substring-verified (raw projection) on 2026-08-22.
      verbatim_gate: raw
      effective_date: '2023-07-21'
      effective_date_source: usda-revised-pn
      effective_date_note: Procedure Notice 588
    effective_date: '2023-07-21'

Verbatim regulatory text (1)

Verbatim provisions from USDA HB-1-3555, Chapter 3 (Lender Approval), § 3.5 — 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, Chapter 3 (Lender Approval), § 3.5

Effective 2023-07-21 · USDA chapter revision · Procedure Notice 588

LENDER SALE OF GUARANTEED LOANS [7 CFR 3555.54] SFHGLP loans can only be sold to lenders meeting the requirements of Paragraph 3.2. The purchasing lender must execute Form RD 3555-16 or have an approved Form RD 3555-16 on file. The selling lender is responsible for providing the original Loan Note Guarantee to the purchasing lender and must report the sale of the guarantee on Form RD 3555-11, Guaranteed Rural Housing Lender Record Change, within 30 days of the sale in accordance with Chapter 4, Paragraph 4.6.

Source: USDA HB-1-3555, Chapter 3 (Lender Approval), § 3.5 · source URL · snapshot 67d80132b9f2c99b

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Operationalizing USDA HB-1-3555, Chapter 3 (Lender Approval), § 3.5

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