USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶4.7 — Report Significant Changes
USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶4.7 — Report Significant Changes.
Verbatim regulatory text
Verbatim provisions from USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶4.7 — Report Significant Changes — 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 SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶4.7 — Report Significant Changes
4.7 REPORT SIGNIFICANT CHANGES The lender must immediately inform the Agency, in writing, of significant changes in its structure or status. Failure to keep the Agency informed of changes in accordance with Form RD 3555-16 could lead to withdrawal of approval. Significant changes include instances where the lender: x Changes its name, location, address, tax identification number, or corporate structure; x Changes its fidelity bonding or errors and omissions insurance coverage; x Becomes insolvent; x Files for any type of bankruptcy protection, is forced into involuntary bankruptcy, or requests an assignment for the benefit of creditors; x Takes any actions to cease operations, or discontinue servicing its SFHGLP portfolio; x Becomes delinquent on any Federal debt, or is debarred, suspended, or sanctioned in connection with participation in any Federal program; x Is debarred, suspended, or sanctioned in accordance with any applicable State licensing or certification requirement or regulation; or x Voluntarily withdraws from participation in the SFHGLP.