USDA HB-1-3555 4.5: MAINTAIN FIDELITY BONDING

Document
USDA HB-1-3555, Single Family Housing Guaranteed Loan Program Technical Handbook
Version in Zeitro Strata
Where
page 45 of 551

Page 45

4.5 MAINTAIN FIDELITY BONDING

The lender must maintain fidelity insurance covering its employees’ errors and omissions at a level of coverage deemed prudent based on the size of the lender’s operation. The fidelity bond or errors and omission insurance that is generally acceptable to the secondary market agencies (Ginnie Mae, Fannie Mae, and Freddie Mac) will meet Rural Development requirements.

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