7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.351 — Loan guarantee limits

usda-7cfr-3555-351

7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program, §3555.351 Loan guarantee limits. Captured section-complete (all subsections verbatim).

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Verbatim provisions from 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.351 — Loan guarantee limits — 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.

7 CFR §3555.351(a)

(a) Original loan amount. For the purposes of this section, the term “Original Loan Amount” means the original promissory note amount minus any loans funds not actually disbursed to the borrower or on behalf of the borrower at the time the SFHGLP loan was made or thereafter.

Source: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.351 · source URL · snapshot 49036f3ec379392b

7 CFR §3555.351(b)

(b) Maximum loss payment. The maximum payment for a loss sustained by the lender under the SFHGLP is the lesser of: (1) 90 percent of the Original Loan Amount; or (2) 100 percent of any loss equal to or less than 35 percent of the Original Loan Amount plus 85 percent of any remaining loss up to 65 percent of the Original Loan Amount.

Source: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.351 · source URL · snapshot 49036f3ec379392b

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Source of record: https://claudeforcompliance.com/regs/usda-7cfr-3555-351/ · register usda-7cfr-3555-351 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.