USDA HB-1-3555 ch13 bootstrap

usda-hb-3555-ch13

Bootstrap for USDA HB-1-3555 ch13 register.

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source:
  type: regulation
  id: usda-hb-3555-ch13
  authority: USDA HB-1-3555 ch13 bootstrap
  description: Bootstrap for USDA HB-1-3555 ch13 register.
obligations:
  - id: usda-hb-3555-ch13-clt-lease-low-mod-housing
    canonical_id: usda-hb-3555-ch13-clt-lease-low-mod-housing
    section: USDA HB-1-3555 Ch. 13.3 — Loans for Units in a Community Land Trust [7 CFR 3555.206]
    description: |
      [LENDER] must ensure that the lease contains provisions for
      continued use of the land for low- and moderate-income housing.
    type: do
    audit_question: For every USDA SFHGLP-guaranteed loan on a community land trust unit, can [LENDER] evidence that the ground lease contains provisions for continued use of the land for low- and moderate-income housing?
    program_review: Does the program account for the community-land-trust condition — the ground lease must contain provisions for continued use of the land for low- and moderate-income housing?
    file_review: Spot-check CLT loans; confirm the ground lease contains the low/moderate-income continued-use provisions.
    judgment: false
    feeds: []
    workflow_phase: underwriting
    owner_role: underwriter
    secondary_owner_role: closer
    cadence: per_loan
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch13
      - community-land-trust
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 13.3 — Loans for Units in a Community Land Trust
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter13.pdf
      snapshot_id: dd1c462c8be2b812
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:40c01c25bcb6e7b5a3b24616ded43ccec515ed021ce5edfbbd4f103d301cf3ca
      paragraph_quote: The lender must ensure that the lease contains provisions for continued use of the
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot dd1c462c8be2b812 (Ch 13) at 2026-05-23. Source PDF retrieved via Wayback Machine.
    promoted_at: '2026-05-23T16:19:25+00:00'
    promoted_from: usda-hb-3555-ch13-roundb-v1.yaml
  - id: usda-hb-3555-ch13-clt-broad-community-rep-and-record
    canonical_id: usda-hb-3555-ch13-clt-broad-community-rep-and-record
    section: USDA HB-1-3555 Ch. 13.3 — Community Land Trust verification
    description: |
      [LENDER] must verify that the community land trust has
      broad-based community representation, and that the community
      land trust has a two-year record of providing affordable
      housing.
    type: do
    audit_question: For every USDA SFHGLP-guaranteed loan on a community land trust unit, can [LENDER] evidence its verification that (i) the CLT has broad-based community representation, and (ii) the CLT has a two-year record of providing affordable housing?
    program_review: Does the program account for the CLT verification — broad-based community representation AND a two-year record of providing affordable housing?
    file_review: Spot-check CLT loans; confirm documented verification of broad-based community representation and the two-year affordable-housing record.
    judgment: false
    feeds: []
    workflow_phase: underwriting
    owner_role: underwriter
    secondary_owner_role: closer
    cadence: per_loan
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch13
      - community-land-trust
      - verification
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 13.3 — Community Land Trust verification
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter13.pdf
      snapshot_id: dd1c462c8be2b812
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:40c01c25bcb6e7b5a3b24616ded43ccec515ed021ce5edfbbd4f103d301cf3ca
      paragraph_quote: The lender must verify that the community land trust has broad-based community
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot dd1c462c8be2b812 (Ch 13) at 2026-05-23. Source PDF retrieved via Wayback Machine.
    promoted_at: '2026-05-23T16:19:25+00:00'
    promoted_from: usda-hb-3555-ch13-roundb-v1.yaml
  - id: usda-hb-3555-ch13-leasehold-term-15-years-beyond-maturity
    canonical_id: usda-hb-3555-ch13-leasehold-term-15-years-beyond-maturity
    section: USDA HB-1-3555 Ch. 13.5.B — Leasehold Lease Requirements [7 CFR 3555.203(b)]
    description: |
      For mortgages subject to leasehold estates, the estate's term
      runs fifteen or more years beyond the maturity date of the
      loan closing, except in the case of properties located on
      Native American restricted land.
    type: do
    audit_question: For every USDA SFHGLP-guaranteed loan secured by a leasehold estate (other than Native American restricted land), can [LENDER] evidence that the leasehold term runs fifteen or more years beyond the maturity date of the loan?
    program_review: Does the program account for the leasehold-term test and its Native-American-restricted-land carve-out — the estate must run fifteen or more years beyond loan maturity?
    file_review: Spot-check leasehold-secured loans (other than Native American restricted land); confirm the leasehold runs at least fifteen years beyond maturity.
    judgment: false
    feeds: []
    workflow_phase: underwriting
    owner_role: underwriter
    secondary_owner_role: closer
    cadence: per_loan
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch13
      - leasehold
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 13.5.B — Lease Requirements
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter13.pdf
      snapshot_id: dd1c462c8be2b812
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:40c01c25bcb6e7b5a3b24616ded43ccec515ed021ce5edfbbd4f103d301cf3ca
      paragraph_quote: estate’s term runs fifteen or more years beyond the maturity date of the loan
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot dd1c462c8be2b812 (Ch 13) at 2026-05-23. Source PDF retrieved via Wayback Machine.
    promoted_at: '2026-05-23T16:19:25+00:00'
    promoted_from: usda-hb-3555-ch13-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-23T16:19:25+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\usda-hb-3555-ch13-roundb-v1.yaml
    candidates_promoted: 3
    candidates_skipped_existing: 0

Verbatim regulatory text (3)

Verbatim provisions from USDA HB-1-3555 ch13 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. 13.3 — Loans for Units in a Community Land Trust [7 CFR 3555.206]

The lender must ensure that the lease contains provisions for continued use of the

Source: USDA HB-1-3555 Chapter 13.3 — Loans for Units in a Community Land Trust · source URL · snapshot dd1c462c8be2b812

USDA HB-1-3555 Ch. 13.3 — Community Land Trust verification

The lender must verify that the community land trust has broad-based community

Source: USDA HB-1-3555 Chapter 13.3 — Community Land Trust verification · source URL · snapshot dd1c462c8be2b812

USDA HB-1-3555 Ch. 13.5.B — Leasehold Lease Requirements [7 CFR 3555.203(b)]

estate’s term runs fifteen or more years beyond the maturity date of the loan

Source: USDA HB-1-3555 Chapter 13.5.B — Lease Requirements · source URL · snapshot dd1c462c8be2b812