USDA HB-1-3555 12.27: UNPLANNED CHANGES DURING CONSTRUCTION

Document
USDA HB-1-3555, Single Family Housing Guaranteed Loan Program Technical Handbook
Version in Zeitro Strata
Where
page 250 of 551

Page 250

12.27 UNPLANNED CHANGES DURING CONSTRUCTION

Should a life change occur with the borrower, such as loss of job or death occurs, the lender remains responsible to work with the builder to complete the home. The loan will be serviced in accordance with Chapters 18 through 20 of this Handbook, as applicable. 12.28 REHABILITATION AND REPAIR WITH PURCHASE OF EXISTING DWELLINGS

Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.