Page 46
4.7 REPORT SIGNIFICANT CHANGES
The lender must immediately inform the Agency, in writing, of significant changes in its structure or status. Failure to keep the Agency informed of changes in accordance with Form RD 3555-16 could lead to withdrawal of approval. Significant changes include instances where the lender:
x Changes its name, location, address, tax identification number, or corporate
structure;
x Changes its fidelity bonding or errors and omissions insurance coverage;
x Becomes insolvent;
x Files for any type of bankruptcy protection, is forced into involuntary bankruptcy,
or requests an assignment for the benefit of creditors;
x Takes any actions to cease operations, or discontinue servicing its SFHGLP
portfolio;
x Becomes delinquent on any Federal debt, or is debarred, suspended, or sanctioned
in connection with participation in any Federal program;
x Is debarred, suspended, or sanctioned in accordance with any applicable State
licensing or certification requirement or regulation; or
x Voluntarily withdraws from participation in the SFHGLP. 4.8 ADHERE TO SFHGLP GUIDELINES