Pursuant to our monthly audit of federal agency forms, we are updating the following USDA documents to match the latest version of the published model forms:
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- Loan Note Guarantee – Form 3555-17 (Cx18891)
- Conditional Commitment for SFH Loan Guarantee – RD 3555-18 (Cx18892)
- Lender Certification for SFH Guaranteed Loan- Rd 3555-18 (CX 3818)
- Loan Guaranteed Rural Housing Lender Record Change – RD 3555-11 (Cx18894)
- SFH Loan Guarantee – Form RD 3555-21 (Cx18893)
Loan Note Guarantee – Form 3555-17 (Cx18891)
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- Replacing The Language “Borrower Name” With “Primary Borrower Name”
- Replacing The Language “RHS Borrower ID” With “RHS Primary Borrower ID”
- Added 4 Co-Borrowers “Co-Borrower Name” & “RHS Co-Borrower ID”
- Removed Header “Page Number,” Borrower Name” And RHS Borrower ID”
- Formatted Spacing Under “2. Full Faith and Credit” To Match Latest Version of The Model Form.
- Update “2. Full Faith and Credit (8) Email Address To rd.so.hsb@usda.gov
- Formatted To Double Spacing to Match Model Form on USDA Address.
Conditional Commitment for SFH Loan Guarantee – RD 3555-18 (Cx18892)
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- Updating Top Margins to Match Model Form
- Added (4) “Co-Borrower Name” & “Co-Borrower ID” Fields
- Reformatting :”Lender Certification” For SFH Guaranteed Loan Must Be Executed Electronically in The LLC Prior To Issuance of A Loan Note Guarantee to Be a Statement Rather Than a Checkbox and Moving “For Additional Conditions and Requirements See Attachment to This Form.” Under The Remaining Checkbox “Subject to Conditions of The Final Official “GUS Underwriting Findings Report.”
- Relocated
- “Lender Certification Section” The Top of Page 2 To Match Model Form
- “LENDER CERTIFICATION” To the Top of Page 3 To Match Model Form
- Revised Header
- Borrower Name “TO BE COMPLETED WHEN THE ELECTRONIC LENDER LOAN CLOSING IS OFFICIALLY UNAVAILABLE
- Removed Page Number
- Omitted Check Box “Lender Certification” To Match Model Form
- The Language in The Footer (3.) Was Updated To “Lenders Are Required to Submit Fees and Documentation Electronically as Outlined in The LLC System Documentation.”
- Removed “Lender” From “AUTHORIZED REPRESENTATIVE SIGNATURE” Line.
Lender Certification for SFH Guaranteed Loan- Rd 3555-18 (CX 3818)
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- Header Was Revised
- Exclude Page Number, Borrower Name & Borrower ID
- An Addition Section Was Added Above Lender Certification Section.
- To Include :
- “TO BE COMPLETED WHEN THE ELECTRONIC LENDER LOAN CLOSING IS OFFICIALLY UNAVAILABLE”
- Primary Borrower Field and Bower ID Field And 4 Co -Borrower Field Along With 4 Co-Borrower ID Fields.
- The Loan Note Guarantee Request Fields Along with Header #3 Have Been Deleted from The Document.
- “LENDER’s” On The “AUTHORIZED REPRESENTATIVE SIGNATURE” Line Has Been Corrected To “LENDER’S”
- To Include :
- Header Was Revised
Loan Guaranteed Rural Housing Lender Record Change – RD 3555-11 (Cx18894)
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- Updated Margins to match Model Form
- Removed “Borrower’s Social Security Number from Section “D”
- Moved “As the lender selling or transferring the servicing of the above loan(s), We certify that the information in this submission is true and correct, and that all loans sold were sold to an RHS approved lender” to be seated under Section “D.” As well as associated signature lines.
- Updated Footer to reflect changes made to model form
- Updated formatting under “Instructions for completing Form RD 3355-11”
- Mail, e-mail (priority), or fax all completed forms and any attachments to the address printed on the form. Email was added and indicated as priority.
- Revisions were made to “All blocks, A through D must be completed.” “BLOCK D”
- Email was added to this section
SFH Loan Guarantee – Form RD 3555-21 (Cx18893)
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- Edited formatting under “Please issue a Conditional Commitment for Single Family Housing Loan Guarantee in the following case” to meet model guidelines.
- “Application Information” has been replaced with “Primary information in the First Borrower Row
- The 2 Co-Applicant Information sections has been relocated under “Primary Information” Row 1st and 2nd columns.
- “The applicant has does not have a relationship with any current Rural Development Employee.,” “Explain” has been removed from both the Primary and the Co-Borrower.
- Header for consecutive pages has been deleted
- Double space added between “Certifications and Approved Lender Certification”
- “Title / Company” has been moved up to join “Name of Authorized Representative (right aligned) page 2
- Added an additional “Print Co-Applicant’s Name” “Co Applicant’s Signature” and “Date” Signature Lines to page.
- Edited formatting under “Please issue a Conditional Commitment for Single Family Housing Loan Guarantee in the following case” to meet model guidelines.
Effective Date
These changes will be in effect on October 13, 2022. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.
COM-1027
DR-136686