USDA HB-1-3555 ch10 bootstrap

usda-hb-3555-ch10

Bootstrap for USDA HB-1-3555 ch10 register.

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source:
  type: regulation
  id: usda-hb-3555-ch10
  authority: USDA HB-1-3555 ch10 bootstrap
  description: Bootstrap for USDA HB-1-3555 ch10 register.
obligations:
  - id: usda-hb-3555-ch10-review-credit-history
    canonical_id: usda-hb-3555-ch10-review-credit-history
    section: USDA HB-1-3555 Ch. 10.2 — Credit Eligibility Requirements
    description: |
      [LENDERS] must review the credit history of an applicant, as
      applicable, to determine an ability and willingness to meet
      their debt obligations.
    type: do
    audit_question: For every USDA SFHGLP-guaranteed loan, can [LENDER] evidence that it reviewed the applicant's credit history to determine ability and willingness to meet debt obligations?
    program_review: Does the program ensure the applicant's credit history is reviewed to determine ability and willingness to meet debt obligations?
    file_review: Pull a sample; confirm a documented credit review. The officer judges whether the credit conclusion (ability/willingness) is reasonable on the record.
    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
      - ch10
      - credit-analysis
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 10.2 — Credit Eligibility Requirements
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter10.pdf
      snapshot_id: 64b6ad8b3f3ae1ee
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:20e53c83dd7224854e84e72198a792085b20d759cfa9e005f5075a13c82af3a9
      paragraph_quote: Lenders must review the credit history of an applicant, as applicable, to determine an
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot 64b6ad8b3f3ae1ee (Ch 10) at 2026-05-23. Source PDF retrieved via Wayback Machine.
    promoted_at: '2026-05-23T13:45:39+00:00'
    promoted_from: usda-hb-3555-ch10-roundb-v1.yaml
  - id: usda-hb-3555-ch10-credit-report-from-unaffiliated-repository
    canonical_id: usda-hb-3555-ch10-credit-report-from-unaffiliated-repository
    section: USDA HB-1-3555 Ch. 10.3 — Credit Report Requirements
    description: |
      Credit reports utilized to underwrite guaranteed loans must be
      from a recognized credit repository that is not affiliated
      with [LENDER]. Eligible credit reports include automated
      merged credit reports (MMCR/TRMCR) and Residential Mortgage
      Credit Reports (RMCR).
    type: do
    audit_question: For every USDA SFHGLP-guaranteed loan, can [LENDER] evidence that the credit report used in underwriting was from a recognized credit repository not affiliated with [LENDER], and was an eligible report type (MMCR/TRMCR or RMCR)?
    program_review: Does the program ensure underwriting credit reports come from a recognized repository unaffiliated with [LENDER] and are an eligible type (MMCR/TRMCR or RMCR)?
    file_review: Pull a sample; confirm the credit report source is an unaffiliated recognized repository and an eligible report type.
    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
      - ch10
      - credit-report
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 10.3 — Credit Report Requirements
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter10.pdf
      snapshot_id: 64b6ad8b3f3ae1ee
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:20e53c83dd7224854e84e72198a792085b20d759cfa9e005f5075a13c82af3a9
      paragraph_quote: Credit reports utilized to underwrite guaranteed loans must be from a recognized
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot 64b6ad8b3f3ae1ee (Ch 10) at 2026-05-23. Source PDF retrieved via Wayback Machine.
    promoted_at: '2026-05-23T13:45:39+00:00'
    promoted_from: usda-hb-3555-ch10-roundb-v1.yaml
  - id: usda-hb-3555-ch10-caivrs-a-response-required
    canonical_id: usda-hb-3555-ch10-caivrs-a-response-required
    section: USDA HB-1-3555 Attachment 10-A — CAIVRS
    description: |
      An "A" response is the only acceptable CAIVRS result for an
      applicant to be eligible for a guaranteed loan. An applicant
      that will be a party to the loan with a non-"A" CAIVRS response
      is ineligible.
    type: do
    audit_question: For every applicant who will be a party to a USDA SFHGLP-guaranteed loan, can [LENDER] evidence a clear "A" Credit Alert Verification Reporting System (CAIVRS) response in the loan file?
    program_review: Does the program require a clear 'A' CAIVRS response for every party to the loan, with a non-'A' response treated as ineligible?
    file_review: Pull a sample; confirm a clear 'A' CAIVRS result for each party to the loan.
    judgment: false
    feeds: []
    workflow_phase: underwriting
    owner_role: underwriter
    secondary_owner_role: loan_officer
    cadence: per_loan
    consequence: Loan ineligible for SFHGLP guarantee absent "A" CAIVRS response.
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch10
      - caivrs
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Attachment 10-A — Credit Matrix (CAIVRS)
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter10.pdf
      snapshot_id: 64b6ad8b3f3ae1ee
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:20e53c83dd7224854e84e72198a792085b20d759cfa9e005f5075a13c82af3a9
      paragraph_quote: An “A” response is the only acceptable result for an applicant to be eligible for a guaranteed loan.
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot 64b6ad8b3f3ae1ee (Ch 10) at 2026-05-23. Source PDF retrieved via Wayback Machine.
    promoted_at: '2026-05-23T13:45:39+00:00'
    promoted_from: usda-hb-3555-ch10-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-23T13:45:39+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\usda-hb-3555-ch10-roundb-v1.yaml
    candidates_promoted: 3
    candidates_skipped_existing: 0

Verbatim regulatory text (3)

Verbatim provisions from USDA HB-1-3555 ch10 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. 10.2 — Credit Eligibility Requirements

Lenders must review the credit history of an applicant, as applicable, to determine an

Source: USDA HB-1-3555 Chapter 10.2 — Credit Eligibility Requirements · source URL · snapshot 64b6ad8b3f3ae1ee

USDA HB-1-3555 Ch. 10.3 — Credit Report Requirements

Credit reports utilized to underwrite guaranteed loans must be from a recognized

Source: USDA HB-1-3555 Chapter 10.3 — Credit Report Requirements · source URL · snapshot 64b6ad8b3f3ae1ee

USDA HB-1-3555 Attachment 10-A — CAIVRS

An “A” response is the only acceptable result for an applicant to be eligible for a guaranteed loan.

Source: USDA HB-1-3555 Attachment 10-A — Credit Matrix (CAIVRS) · source URL · snapshot 64b6ad8b3f3ae1ee