7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.53 — Contracting for loan origination

usda-7cfr-3555-53

7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program, §3555.53 Contracting for loan origination. Captured section-complete (all subsections verbatim).

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source:
  type: regulation
  id: usda-7cfr-3555.53
  authority: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.53 — Contracting for loan origination
  description: |
    7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program, §3555.53 Contracting for loan origination. Captured section-complete (all subsections verbatim).
obligations:
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    canonical_id: usda-7cfr-3555.53-full
    section: 7 CFR §3555.53
    description: 'Contracting for loan origination: Lenders may contract with mortgage brokers, non-approved lenders, or other entities for loan origination services, closing services, or both, provided the loan is transferred immediately after closing to an Agency approved lender to which the guarantee will be issued. The approved lender is responsi…'
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    primary_source:
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      authority: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.53
      source_class: ecfr-xml
      source_url: https://www.ecfr.gov/current/title-7/subtitle-B/chapter-XXXV/part-3555
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      paragraph_quote: Lenders may contract with mortgage brokers, non-approved lenders, or other entities for loan origination services, closing services, or both, provided the loan is transferred immediately after closing to an Agency approved lender to which the guarantee will be issued. The approved lender is responsible for ensuring that the loan is properly underwritten, obtaining the conditional commitment, ensuring that the loan is properly closed, and ensuring that all closing costs, financing, and settlement fees meet Agency program requirements.
      drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.53 (whole section) from snapshot 60bd6fb03befa14c; substring-verified.

Verbatim regulatory text (1)

Verbatim provisions from 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.53 — Contracting for loan origination — 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 §3555.53

Lenders may contract with mortgage brokers, non-approved lenders, or other entities for loan origination services, closing services, or both, provided the loan is transferred immediately after closing to an Agency approved lender to which the guarantee will be issued. The approved lender is responsible for ensuring that the loan is properly underwritten, obtaining the conditional commitment, ensuring that the loan is properly closed, and ensuring that all closing costs, financing, and settlement fees meet Agency program requirements.

Source: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.53 · source URL · snapshot 60bd6fb03befa14c