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3.5 LENDER SALE OF GUARANTEED LOANS [7 CFR 3555.54]
SFHGLP loans can only be sold to lenders meeting the requirements of Paragraph 3.2. The purchasing lender must execute Form RD 3555-16 or have an approved Form RD 3555-16 on file. The selling lender is responsible for providing the original Loan Note Guarantee to the purchasing lender and must report the sale of the guarantee on Form RD 3555-11, Guaranteed Rural Housing Lender Record Change, within 30 days of the sale in accordance with Chapter 4, Paragraph 4.6.