USDA HB-1-3555 ch14 bootstrap

usda-hb-3555-ch14

Bootstrap for USDA HB-1-3555 ch14 register.

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source:
  type: regulation
  id: usda-hb-3555-ch14
  authority: USDA HB-1-3555 ch14 bootstrap
  description: Bootstrap for USDA HB-1-3555 ch14 register.
  effective_date: '2023-10-12'
obligations:
  - id: usda-hb-3555-ch14-lender-prompt-withdrawal-when-no-longer-needed
    canonical_id: usda-hb-3555-ch14-lender-prompt-withdrawal-when-no-longer-needed
    section: USDA HB-1-3555 Ch. 14.5 — Lender Withdrawal of Application
    description: |
      [LENDER] must inform the Agency promptly when [LENDER] no
      longer requires the funds, to avoid depriving other pending
      applicants the opportunity to obtain a loan guarantee.
    type: notify
    audit_question: When [LENDER] no longer requires the funds allocated to a USDA SFHGLP application (because of lender rejection, property change, or borrower's choice of a different program), can [LENDER] evidence prompt notification to the Agency to withdraw the application?
    program_review: Does the program ensure prompt Agency notification to withdraw an application when [LENDER] no longer needs the obligated funds (lender rejection, property change, borrower's different-program choice), so other applicants aren't deprived?
    file_review: Spot-check withdrawn/dead applications; confirm prompt Agency withdrawal notification once funds were no longer needed.
    judgment: false
    feeds: []
    workflow_phase: pre_closing
    owner_role: loan_officer
    secondary_owner_role: compliance_officer
    cadence: per_event
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch14
      - withdrawal
      - funding
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 14.5 — Lender Withdrawal of Application
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter14.pdf
      snapshot_id: a9d5b866236f91d4
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:8c8588117ba9f60c5e3d0ba0ea4ff61fa450165daebe0062c0f88f285c217452
      paragraph_quote: It is crucial for lenders to inform the Agency promptly when they no longer require the funds to avoid depriving other pending applicants the opportunity to obtain a loan guarantee.
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot a9d5b866236f91d4 (Ch 14) at 2026-05-23. Source PDF retrieved via Wayback Machine.
      quote_healed: true
      effective_date: '2023-10-12'
      effective_date_source: usda-revised-pn
      effective_date_note: Procedure Notice 594
    promoted_at: '2026-05-23T23:58:54+00:00'
    promoted_from: usda-hb-3555-ch14-roundb-v1.yaml
  - id: usda-hb-3555-ch14-no-adverse-change-cert-on-conditional-commitment
    canonical_id: usda-hb-3555-ch14-no-adverse-change-cert-on-conditional-commitment
    section: USDA HB-1-3555 Ch. 14.4.B — Conditional Commitments Subject to Availability of Funds
    description: |
      When funding becomes available after a Conditional Commitment
      was issued "subject to availability of funds," [LENDER] must
      certify to the Agency, using the process provided on Form RD
      3555-18, that there have been no adverse changes in the
      borrower's financial condition since the Conditional
      Commitment was issued by the Agency.
    type: do
    audit_question: For every USDA SFHGLP loan where a Conditional Commitment was issued "subject to availability of funds" and was later confirmed once funding became available, can [LENDER] evidence its certification on Form RD 3555-18 that there have been no adverse changes in the borrower's financial condition since the Conditional Commitment was issued?
    program_review: Does the program account for the 'subject to availability of funds' path — when funding later becomes available, [LENDER] certifies on Form RD 3555-18 that there have been no adverse changes in the borrower's financial condition since the Conditional Commitment issued?
    file_review: Spot-check loans confirmed after a 'subject to availability of funds' Conditional Commitment; confirm the Form RD 3555-18 no-adverse-change certification. The officer judges whether any change should have been treated as adverse.
    judgment: true
    feeds: []
    workflow_phase: pre_closing
    owner_role: loan_officer
    secondary_owner_role: underwriter
    cadence: per_event
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch14
      - conditional-commitment
      - certification
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 14.4.B — Conditional Commitments Subject to Availability of Funds
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter14.pdf
      snapshot_id: a9d5b866236f91d4
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:8c8588117ba9f60c5e3d0ba0ea4ff61fa450165daebe0062c0f88f285c217452
      paragraph_quote: A lender must certify to the Agency,
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot a9d5b866236f91d4 (Ch 14) at 2026-05-23. Source PDF retrieved via Wayback Machine.
      effective_date: '2023-10-12'
      effective_date_source: usda-revised-pn
      effective_date_note: Procedure Notice 594
    promoted_at: '2026-05-23T23:58:54+00:00'
    promoted_from: usda-hb-3555-ch14-roundb-v1.yaml
  - id: usda-hb-3555-ch14-lender-bears-risk-pre-lng
    canonical_id: usda-hb-3555-ch14-lender-bears-risk-pre-lng
    section: USDA HB-1-3555 Ch. 14.4.B — Risk of Loss Pre-LNG
    description: |
      Where [LENDER] elects to close a SFHGLP loan under a
      Conditional Commitment "subject to availability of funds,"
      [LENDER] will assume all risk of loss until funds become
      available and the Agency issues the Loan Note Guarantee.
    type: do
    audit_question: For every USDA SFHGLP loan closed under a "subject to availability of funds" Conditional Commitment before the Loan Note Guarantee was issued, can [LENDER] evidence that it has assumed and tracked the risk of loss on that loan until LNG issuance?
    program_review: Does the program account for and track the §14.4.B risk allocation — where [LENDER] closes under a 'subject to availability of funds' Conditional Commitment, it bears all risk of loss until funds become available and the Loan Note Guarantee issues?
    file_review: Spot-check loans closed pre-LNG under a 'subject to availability of funds' commitment; confirm the risk-of-loss exposure was tracked through LNG issuance.
    judgment: false
    feeds: []
    workflow_phase: pre_closing
    owner_role: loan_officer
    secondary_owner_role: compliance_officer
    cadence: per_event
    consequence: Lender bears full risk of loss until Agency issues Loan Note Guarantee.
    tags:
      - round-b
      - regulator-direct
      - usda
      - hb-1-3555
      - ch14
      - risk-of-loss
      - promoted
    primary_source:
      tier: 1
      authority: USDA HB-1-3555 Chapter 14.4.B — Conditional Commitments Subject to Availability of Funds
      source_class: usda-handbook-hb-1-3555
      source_url: https://www.rd.usda.gov/sites/default/files/3555-1chapter14.pdf
      snapshot_id: a9d5b866236f91d4
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:8c8588117ba9f60c5e3d0ba0ea4ff61fa450165daebe0062c0f88f285c217452
      paragraph_quote: The lender will assume all risk of loss until funds become available and the Agency issues the Loan Note Guarantee.
      drafter_attestation: Copied verbatim from USDA HB-1-3555 snapshot a9d5b866236f91d4 (Ch 14) at 2026-05-23. Source PDF retrieved via Wayback Machine.
      quote_healed: true
      effective_date: '2023-10-12'
      effective_date_source: usda-revised-pn
      effective_date_note: Procedure Notice 594
    promoted_at: '2026-05-23T23:58:54+00:00'
    promoted_from: usda-hb-3555-ch14-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-23T23:58:54+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\usda-hb-3555-ch14-roundb-v1.yaml
    candidates_promoted: 3
    candidates_skipped_existing: 0

Verbatim regulatory text (3)

Verbatim provisions from USDA HB-1-3555 ch14 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. 14.5 — Lender Withdrawal of Application

Effective 2023-10-12 · USDA chapter revision · Procedure Notice 594

It is crucial for lenders to inform the Agency promptly when they no longer require the funds to avoid depriving other pending applicants the opportunity to obtain a loan guarantee.

Source: USDA HB-1-3555 Chapter 14.5 — Lender Withdrawal of Application · source URL · snapshot a9d5b866236f91d4

USDA HB-1-3555 Ch. 14.4.B — Conditional Commitments Subject to Availability of Funds

Effective 2023-10-12 · USDA chapter revision · Procedure Notice 594

A lender must certify to the Agency,

Source: USDA HB-1-3555 Chapter 14.4.B — Conditional Commitments Subject to Availability of Funds · source URL · snapshot a9d5b866236f91d4

USDA HB-1-3555 Ch. 14.4.B — Risk of Loss Pre-LNG

Effective 2023-10-12 · USDA chapter revision · Procedure Notice 594

The lender will assume all risk of loss until funds become available and the Agency issues the Loan Note Guarantee.

Source: USDA HB-1-3555 Chapter 14.4.B — Conditional Commitments Subject to Availability of Funds · source URL · snapshot a9d5b866236f91d4

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-ch14 — 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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Your loan file never leaves your own AI session. USDA loan QC skill

Operationalizing USDA HB-1-3555 ch14 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-ch14/ · register usda-hb-3555-ch14 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.