SFH Guaranteed Servicing
February 13, 2023
Updated HB-1-3555, Chapter 18, Servicing Non-Performing Loans - Accounts with Repayment Problems
The Single Family Housing Guaranteed Loan Program (SFHGLP) is pleased to announce revisions to technical Handbook-1-3555, Chapter 18, Servicing Non-Performing Loans – Accounts with Repayment Problems. These changes became effective upon the recent issuance of a Procedure Notice (PN). Below are the highlighted revisions:
Chapter 18 – Servicing Non-Performing Loans – Accounts with Repayment Problems
18.15 SPECIAL RELIEF ALTERNATIVES
B. COVID 19 Public Health Emergency
- Clarified one of the eligibility criteria for Special Relief Alternatives is the borrower was no greater than 120 days past due on March 1, 2020.
ATTACHMENT 18-C – ACCEPTABLE STATE LIQUIDATION COSTS AND FEES
- Added bullet 10, which was previously included in bullet 9. The remaining bullets were renumbered.
Questions regarding program policy and this announcement may be directed to the National Office Division at sfhglpservicing@usda.gov.
Thank you for supporting the Single-Family Housing Guaranteed Loan Program!
|