USDA PN 548 Updates to Handbook HB-1-3555

March 03, 2021

USDA has updated Handbook HB-1-3555 to remove Attachment 2-A, Minimal Essential Documents Matrix, as well as make minor grammatical and formatting edits, including adding guidance added to align with the revision of Form RD 3555-21 in Chapter 2 (Record Retention), Chapter 5 (Origination and Underwriting Overview), Chapter 8 (Applicant Characteristics), Chapter 10 (Credit Analysis), Chapter 12 (Property and Appraisal Requirements), Chapter 15 (Submitting the Application Package), Chapter 16 (Closing the Loan and Requesting the Guarantee), and Appendix 7 (Caivrs Acces Instructions).

View Article Source →

Stay Informed, Subscribe to the Compliance Newshub