Procedure Notice (PN) 518 has been published for the Single Family Housing Guaranteed Loan Program on October 16, 2018. The PN states that the revised HB-1-3555 Chapter 9 will be effective on December 15, 2018.
Complete loan application packages submitted to USDA for Conditional Commitment requests beginning December 15, 2018 must meet the new HB Chapter 9 guidance.
The following items remain available on the USDA LINC Training and Resource Library under "7 CFR 3555 Training":
- "HB-1-3555 Chapter 9 Revision Overview": This recorded webinar is 13 minutes in length and will provide an overview of specific revision highlights.
- Handouts: Webinar power point slides available for one slide per page, two slides per page, and one slide per page with notes.
- Advance Copy: Preview the entire handbook Chapter 9 that will be effective December 15, 2018.
Questions regarding this announcement may be directed to the National Office Division at (202) 720-1452.
Thank you for your support of the Single Family Housing Guaranteed Loan Program!