USDA HB-1-3555 ch18 bootstrap

usda-hb-3555-ch18

Bootstrap for USDA HB-1-3555 ch18 register.

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source:
  type: regulation
  id: usda-hb-3555-ch18
  authority: USDA HB-1-3555 ch18 bootstrap
  description: Bootstrap for USDA HB-1-3555 ch18 register.
obligations:
  - id: usda-hb-3555-ch18-20-day-initial-contact
    canonical_id: usda-hb-3555-ch18-20-day-initial-contact
    section: USDA HB-1-3555 Ch. 18.3.A — Initial Contact [7 CFR 3555.301]
    description: |
      [SVCR] must attempt to make verbal or written contact with the
      borrower on or before the day an account becomes 20 days past
      due. [SVCR] must send a letter to the borrower if unable to
      reach the borrower by telephone. This contact must solicit
      enough information to evaluate the borrower's ability to cure
      the default and determine additional servicing actions.
    type: do
    audit_question: For every USDA SFHGLP loan account that became past due, can [SVCR] evidence that, on or before the 20th day past due, it attempted verbal or written contact with the borrower (and, if unable to reach by telephone, sent a letter) to evaluate ability to cure the default?
    program_review: Does the servicing program ensure verbal-or-written borrower contact on or before the 20th day past due (with a letter if telephone fails), soliciting enough information to evaluate the borrower's ability to cure?
    file_review: Pull past-due accounts; review the contact log/notes for the on-or-before-day-20 attempt and the fallback letter. The officer judges whether the contact effort was a genuine attempt.
    judgment: true
    feeds:
      - usda-hb-3555-ch18-60-day-certified-letter
      - usda-hb-3555-ch18-60-day-property-inspection
    workflow_phase: servicing
    owner_role: loss_mitigation_specialist
    secondary_owner_role: default_servicing_analyst
    cadence: per_event
    consequence: Failure to attempt contact before the loan is 65 days past due may result in claim denial.
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch18
      - initial-contact
      - 20-day
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 18.3.A — Initial Contact
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter18.pdf
      snapshot_id: 40fcd1ad9e90721f
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:bfa1bfa32aa1809377c166d412df85537f0efc0112b6b93ec32308ea0258635f
      paragraph_quote: The servicer must attempt to make verbal or written contact with the borrower on or
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot 40fcd1ad9e90721f (Ch 18) at 2026-05-23. Source PDF retrieved via Wayback Machine.
    promoted_at: '2026-05-23T16:19:26+00:00'
    promoted_from: usda-hb-3555-ch18-roundb-v1.yaml
  - id: usda-hb-3555-ch18-60-day-certified-letter
    canonical_id: usda-hb-3555-ch18-60-day-certified-letter
    section: USDA HB-1-3555 Ch. 18.3.C — Send Certified Letter to the Borrower
    description: |
      Before an account becomes 60 days past due and if there is no
      payment arrangement in place, [LENDER] must send a certified
      letter to the borrower requesting an interview for the purpose
      of resolving the past due account. The letter should emphasize
      the importance of meeting the debt obligation and explain the
      negative impact of non-repayment on the borrower's credit
      history.
    type: do
    audit_question: For every USDA SFHGLP loan account without a payment arrangement, can [SVCR] evidence that a certified letter was sent to the borrower before the account became 60 days past due, requesting an interview to resolve the past due account?
    program_review: Does the program ensure a certified letter requesting a resolution interview goes out before the account reaches 60 days past due where no payment arrangement is in place?
    file_review: Pull 60-day-delinquent accounts without a payment arrangement; confirm the certified resolution-interview letter was sent before day 60.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: loss_mitigation_specialist
    secondary_owner_role: default_servicing_analyst
    cadence: per_event
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch18
      - certified-letter
      - 60-day
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 18.3.C — Send Certified Letter to the Borrower
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter18.pdf
      snapshot_id: 40fcd1ad9e90721f
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:bfa1bfa32aa1809377c166d412df85537f0efc0112b6b93ec32308ea0258635f
      paragraph_quote: in place, the lender must send a certified letter to the borrower requesting an interview for
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot 40fcd1ad9e90721f (Ch 18) at 2026-05-23. Source PDF retrieved via Wayback Machine.
    promoted_at: '2026-05-23T16:19:26+00:00'
    promoted_from: usda-hb-3555-ch18-roundb-v1.yaml
  - id: usda-hb-3555-ch18-60-day-property-inspection
    canonical_id: usda-hb-3555-ch18-60-day-property-inspection
    section: USDA HB-1-3555 Ch. 18.3.D — Inspect the Property
    description: |
      On or before the day an account becomes 60 days past due and
      before initiating a liquidation action, [SVCR] must assess
      the physical condition of the property, determine occupancy,
      and take the necessary steps to preserve and protect the
      property.
    type: do
    audit_question: For every USDA SFHGLP loan account that became 60 days past due, can [SVCR] evidence that, on or before the 60th day past due (and before initiating any liquidation action), it assessed the physical condition of the property, determined occupancy, and took necessary steps to preserve and protect the property?
    program_review: Does the program ensure a property inspection — physical-condition assessment, occupancy determination, and preserve/protect steps — on or before the 60th day past due and before any liquidation action?
    file_review: Pull 60-day-delinquent accounts; confirm the inspection (condition, occupancy, preservation steps) occurred on or before day 60 and before liquidation.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: loss_mitigation_specialist
    secondary_owner_role: default_servicing_analyst
    cadence: per_event
    consequence: Failure to order an inspection within 65 days past due reduces accrued interest in the claim by 10%; failure to inspect / secure abandoned property reduces the loss claim by the dollar value of attributable loss.
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch18
      - property-inspection
      - 60-day
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 18.3.D — Inspect the Property
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter18.pdf
      snapshot_id: 40fcd1ad9e90721f
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:bfa1bfa32aa1809377c166d412df85537f0efc0112b6b93ec32308ea0258635f
      paragraph_quote: On or before the day an account becomes 60 days past due and before initiating a
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot 40fcd1ad9e90721f (Ch 18) at 2026-05-23. Source PDF retrieved via Wayback Machine.
    promoted_at: '2026-05-23T16:19:26+00:00'
    promoted_from: usda-hb-3555-ch18-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-23T16:19:26+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\usda-hb-3555-ch18-roundb-v1.yaml
    candidates_promoted: 3
    candidates_skipped_existing: 0

Verbatim regulatory text (3)

Verbatim provisions from USDA HB-1-3555 ch18 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. 18.3.A — Initial Contact [7 CFR 3555.301]

The servicer must attempt to make verbal or written contact with the borrower on or

Source: USDA HB-1-3555 Chapter 18.3.A — Initial Contact · source URL · snapshot 40fcd1ad9e90721f

USDA HB-1-3555 Ch. 18.3.C — Send Certified Letter to the Borrower

in place, the lender must send a certified letter to the borrower requesting an interview for

Source: USDA HB-1-3555 Chapter 18.3.C — Send Certified Letter to the Borrower · source URL · snapshot 40fcd1ad9e90721f

USDA HB-1-3555 Ch. 18.3.D — Inspect the Property

On or before the day an account becomes 60 days past due and before initiating a

Source: USDA HB-1-3555 Chapter 18.3.D — Inspect the Property · source URL · snapshot 40fcd1ad9e90721f