USDA HB-1-3555 19.1: OVERVIEW

Document
USDA HB-1-3555, Single Family Housing Guaranteed Loan Program Technical Handbook
Version in Zeitro Strata
Where
page 391 of 551

Page 391

This chapter outlines collecting on the guarantee. It provides a description of allowable costs, the servicer process for submitting a loss claim, outlines the Agency review, describes penalties that could be assessed for failure to meet program requirements, and provides guidance on net recovery value. 19.2 LOSS CLAIM COVERAGE

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