USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶15.2 — Lender Responsibility
USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶15.2 — Lender Responsibility.
Verbatim regulatory text
Verbatim provisions from USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶15.2 — Lender Responsibility — 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 ¶15.2 — Lender Responsibility
15.2 LENDER RESPONSIBILITY The originating lender is responsible for the accuracy of all information used to obtain a Rural Development guarantee in accordance with 7 CFR 3555 and this Handbook. The permanent loan file must contain verified documentation that supports household eligibility for the Single Family Housing Guaranteed Loan Program (SFHGLP) and the lender’s approval of the loan request. Lenders are not authorized to close loans prior to the issuance of the Conditional Commitment. Closing a loan prior to obtaining a Conditional Commitment from the Agency will render that loan submission ineligible for a Loan Note Guarantee and may affect the lender’s approval status to participate in the program.