USDA HB-1-3555, Chapter 5 (Origination And), § 5.1

usda-hb-3555-5-1

USDA Handbook HB-1-3555 section 5.1. Full verbatim section text, substring-verified against snapshot 2866d14c9dab6ecd.

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Verbatim provisions from USDA HB-1-3555, Chapter 5 (Origination And), § 5.1 — 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 5 (Origination And), § 5.1

Effective 2025-08-05 · USDA chapter revision · Procedure Notice 649

INTRODUCTION [7 CFR 3555.51(b)] Single Family Housing Guaranteed Loan Program (SFHGLP) loans are originated and underwritten by approved lenders. However, the process of requesting, issuing, and receiving the loan guarantee is one in which the lender and the Agency must cooperate closely. Lenders must provide the Agency with clear and accurate information so that Agency staff can promptly determine whether the loan qualifies for a guarantee. At the same time, Agency staff must process loan applications quickly and accurately to avoid delays that might hamper the lender’s efforts to close the loan efficiently.

Source: USDA HB-1-3555, Chapter 5 (Origination And), § 5.1 · source URL · snapshot 2866d14c9dab6ecd

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