Compliance Calendar

Click the link to read the full announcement.

The Single-Family Housing Guaranteed Loan Program (SFHGLP) published a Final Rule on January 3, 2025, implementing changes to 7 CFR 3555, which makes existing manufactured homes, which meet specific criteria, eligible for financing. In addition, the Final Rule reduces regulatory burdens related to manufactured housing requirements and provides flexibilities for energy efficient manufactured and modular homes located in land lease communities operating on a non-profit basis.

The effective date of the Final Rule is March 4, 2025.

To implement this Final Rule, revisions are being made to several Chapters of Handbook 1-3555. These changes are expected to become effective on March 4, 2025. Advanced copies of the revised chapters will be made available at least 30 days prior to the effective date of the Final Rule and will be located on the LINC Training and Resource Library.

Questions regarding program policy and this announcement may be directed to sfhgld.program@usda.gov or (833) 314-0168.

Thank you for supporting the Single-Family Housing Guaranteed Loan Program!

SUBJECT: SELLING UPDATES

This Guide Bulletin announces:

• Condo Project Advisor®

➢ Expanded age of questionnaire requirements for the Project Certified Submission process in Condo Project Advisor – March 31, 2025

• Uniform Loan Delivery Dataset Phase 5

➢ Updated notes applicable to the Universal Loan Identifier – July 28, 2025

• Guide refactoring

➢ The refactoring and relocation of Guide chapters

➢ An update related to the refactoring of Chapter 5306

Click the link to read the full lender letter.

Click the link to read the full lender letter.

Purpose: This Mortgagee Letter (ML) extends the foreclosure moratorium in Los Angeles County, California.

Effective Date: The provisions of this ML are effective immediately. The moratorium will remain in effect through July 7, 2025.

Affected Programs: The provisions of this ML apply to all FHA Title II Single Family forward and Home Equity Conversion Mortgage (HECM) programs.

Summary of Changes This ML:
• extends the automatic foreclosure moratorium in the Moratorium on Foreclosures (III.A.2.n.ii) for Properties located in Los Angeles County, California; and
• Provides relief for FHA-insured HECMs.

The Single-Family Housing Guaranteed Loan Program (SFHGLP) is immediately terminating the temporary authority originally communicated on April 29, 2022. The authority allowed some non-U.S. Citizens to be eligible to apply for a guaranteed loan. As of March 18, 2025, the temporary authority is no longer valid. Updates to Chapter 8 of Handbook 1-3555 are forthcoming.

In addition, USDA is posting a Job Aid to help assist you in determining eligibility on the USDA LINC Training and Resource Library.

Click the link to review the full letter.

Starting March 30, 2025, payday and installment lenders must begin complying with important new requirements when they try to collect money from borrowers’ accounts.

The CFPB issued a regulation in 2017 adopting a two-strikes-and-you’re-out rule for covered lenders. Under that rule, after two tries to withdraw money from a borrower’s account have failed, covered lenders can’t try again unless the borrower specifically authorizes another attempt. The rule addresses lenders’ unfair and abusive practice of repeatedly trying to withdraw money from an account to pay off the loan, even after the account had been shown to be empty. That practice can trigger a pile of additional fees for the borrower while it rarely benefits lenders.

The regulation was originally set to take effect in 2019 but was delayed by litigation brought to block the rule. The court of appeals hearing the case ultimately rejected the payday lenders’ claims, affirmed the rule, and upheld the CFPB’s finding that the prohibited practice was unfair. More recently, it rejected the payday lenders’ efforts to further delay the rule and confirmed that the rule will finally take effect March 30, as the CFPB previously announced.