USDA HB-1-3555 ch11 bootstrap

usda-hb-3555-ch11

Bootstrap for USDA HB-1-3555 ch11 register.

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source:
  type: regulation
  id: usda-hb-3555-ch11
  authority: USDA HB-1-3555 ch11 bootstrap
  description: Bootstrap for USDA HB-1-3555 ch11 register.
  effective_date: '2024-08-05'
obligations:
  - id: usda-hb-3555-ch11-piti-34-percent-standard
    canonical_id: usda-hb-3555-ch11-piti-34-percent-standard
    section: USDA HB-1-3555 Ch. 11.2.A — The PITI Ratio
    description: |
      Applicants are considered to have repayment ability if their
      proposed monthly housing expense does not exceed 34 percent of
      their repayment income.
    type: do
    audit_question: For every USDA SFHGLP-guaranteed loan, can [LENDER] evidence that the applicants' proposed monthly housing expense (PITI) is no more than 34 percent of repayment income, OR that valid compensating factors are documented to support a ratio waiver in accordance with HB-1-3555 Chapter 11?
    program_review: Does the program account for the 34% PITI standard and the compensating-factor ratio-waiver path when PITI exceeds 34% of repayment income?
    file_review: Spot-check files; confirm PITI at or below 34% or documented Chapter 11 compensating factors. The officer judges sufficiency of the compensating factors.
    judgment: true
    feeds: []
    workflow_phase: underwriting
    owner_role: underwriter
    secondary_owner_role: loan_officer
    cadence: per_loan
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch11
      - piti-ratio
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 11.2.A — The PITI Ratio
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter11.pdf
      snapshot_id: 64c7bd1eb63a02a0
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:7bfa8a84c99d3af125f09320e3b47102e164921a554d589649e85d2844f6f437
      paragraph_quote: housing expense does not exceed 34 percent of their repayment income.
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot 64c7bd1eb63a02a0 (Ch 11) at 2026-05-23. Source PDF retrieved via Wayback Machine.
      effective_date: '2024-08-05'
      effective_date_source: usda-revised-pn
      effective_date_note: Procedure Notice 621
    promoted_at: '2026-05-23T13:45:39+00:00'
    promoted_from: usda-hb-3555-ch11-roundb-v1.yaml
  - id: usda-hb-3555-ch11-td-41-percent-standard
    canonical_id: usda-hb-3555-ch11-td-41-percent-standard
    section: USDA HB-1-3555 Ch. 11.2.B — The Total Debt Ratio
    description: |
      Applicants are considered to have repayment ability when their
      total debts do not exceed 41 percent of their repayment income.
    type: do
    audit_question: For every USDA SFHGLP-guaranteed loan, can [LENDER] evidence that the applicants' total debts do not exceed 41 percent of repayment income, OR that valid compensating factors are documented to support a ratio waiver in accordance with HB-1-3555 Chapter 11?
    program_review: Does the program account for the 41% total-debt standard and the compensating-factor ratio-waiver path when total debt exceeds 41% of repayment income?
    file_review: Spot-check files; confirm total debt at or below 41% or documented Chapter 11 compensating factors. The officer judges sufficiency of the compensating factors.
    judgment: true
    feeds: []
    workflow_phase: underwriting
    owner_role: underwriter
    secondary_owner_role: loan_officer
    cadence: per_loan
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch11
      - td-ratio
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 11.2.B — The Total Debt Ratio
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter11.pdf
      snapshot_id: 64c7bd1eb63a02a0
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:7bfa8a84c99d3af125f09320e3b47102e164921a554d589649e85d2844f6f437
      paragraph_quote: exceed 41 percent of their repayment income.
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot 64c7bd1eb63a02a0 (Ch 11) at 2026-05-23. Source PDF retrieved via Wayback Machine.
      effective_date: '2024-08-05'
      effective_date_source: usda-revised-pn
      effective_date_note: Procedure Notice 621
    promoted_at: '2026-05-23T13:45:39+00:00'
    promoted_from: usda-hb-3555-ch11-roundb-v1.yaml
  - id: usda-hb-3555-ch11-document-debts
    canonical_id: usda-hb-3555-ch11-document-debts
    section: USDA HB-1-3555 Ch. 11.2 — The Ratios (debt documentation)
    description: |
      [LENDER] must document the applicants' debts through various
      records including, but not limited to, credit reports, direct
      or third-party verifications, court documents, and verification
      of deposits. All open debts/accounts (including non-medical
      collection accounts and judgments) incurred through the closing
      date must be considered in the total debt calculation.
    type: do
    audit_question: For every USDA SFHGLP-guaranteed loan, can [LENDER] evidence (i) that all of the applicants' debts were documented through credit reports, direct/third-party verifications, court documents, and verification of deposits as applicable, and (ii) that all open debts/accounts incurred through the closing date (including non-medical collections and judgments) were considered in the total debt calculation?
    program_review: Does the program ensure all applicant debts are documented (credit reports, direct/third-party verifications, court documents, VOD) and that every open debt/account through the closing date — including non-medical collections and judgments — is counted in total debt?
    file_review: Spot-check files; confirm debt documentation completeness and that all open debts through closing (incl. non-medical collections/judgments) were captured in the ratio.
    judgment: false
    feeds: []
    workflow_phase: underwriting
    owner_role: underwriter
    secondary_owner_role: loan_officer
    cadence: per_loan
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch11
      - debt-documentation
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 11.2 — The Ratios
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter11.pdf
      snapshot_id: 64c7bd1eb63a02a0
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:7bfa8a84c99d3af125f09320e3b47102e164921a554d589649e85d2844f6f437
      paragraph_quote: The lender must document the applicants
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot 64c7bd1eb63a02a0 (Ch 11) at 2026-05-23. Source PDF retrieved via Wayback Machine.
      effective_date: '2024-08-05'
      effective_date_source: usda-revised-pn
      effective_date_note: Procedure Notice 621
    promoted_at: '2026-05-23T13:45:39+00:00'
    promoted_from: usda-hb-3555-ch11-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-23T13:45:39+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\usda-hb-3555-ch11-roundb-v1.yaml
    candidates_promoted: 3
    candidates_skipped_existing: 0

Verbatim regulatory text (3)

Verbatim provisions from USDA HB-1-3555 ch11 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. 11.2.A — The PITI Ratio

Effective 2024-08-05 · USDA chapter revision · Procedure Notice 621

housing expense does not exceed 34 percent of their repayment income.

Source: USDA HB-1-3555 Chapter 11.2.A — The PITI Ratio · source URL · snapshot 64c7bd1eb63a02a0

USDA HB-1-3555 Ch. 11.2.B — The Total Debt Ratio

Effective 2024-08-05 · USDA chapter revision · Procedure Notice 621

exceed 41 percent of their repayment income.

Source: USDA HB-1-3555 Chapter 11.2.B — The Total Debt Ratio · source URL · snapshot 64c7bd1eb63a02a0

USDA HB-1-3555 Ch. 11.2 — The Ratios (debt documentation)

Effective 2024-08-05 · USDA chapter revision · Procedure Notice 621

The lender must document the applicants

Source: USDA HB-1-3555 Chapter 11.2 — The Ratios · source URL · snapshot 64c7bd1eb63a02a0

Did an assistant just answer an USDA question for you? A Procedure Notice replaces chapter text silently. An assistant quoting HB-1-3555 cannot tell you which notice it is working from, or whether a later one moved the rule. This page is the operative text, with its effective date.

Check the answer, or check a whole file. Paste into ChatGPT or Claude:

1. Read https://claudeforcompliance.com/qc/usda-hb-3555-ch11 — the verbatim text of this section with its effective date. Tell me whether the answer you just gave me still matches it. Quote the operative text and its effective date, and flag anything you said that it does not support.

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Operationalizing USDA HB-1-3555 ch11 bootstrap

This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.

To work from the whole rulebook rather than this one page: download the corpus — every register on this site, verbatim, each with its source snapshot and effective date — then follow the methodology. It asks your assistant to answer only from the downloaded text, cite the register id and effective date it used, and tell you when the corpus does not cover something instead of filling the gap from memory. Running it locally also means no one sees which regulations you are looking at.

Source of record: https://claudeforcompliance.com/regs/usda-hb-3555-ch11/ · register usda-hb-3555-ch11 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.