16.8 DUPLICATE LOAN NOTE GUARANTEE (01/27/17)
- Kacey Olson
© RHS HB-1-3555 SFH Guaranteed Loan Program Technical Handbook
It remains the lenders responsibility to inform the Agency of the delivery address to which Form RD 3555-17or 3555-17E and the “Loan Amortization Schedule” should be sent. The preferred method will be electronic. Lenders should include this information with the guarantee request. For those lenders who utilize electronic loan closing, the lender will be notified by the Agency when the guarantee and loan amortization schedule are ready for retrieval by the lender.
Occasionally a lender may request a certified copy or a duplicate original of Form RD 3555-17. Many investors accept a certified copy, or scanned copy, while others require a duplicate original. A lender’s request for a certified copy, scanned copy or duplicate original of Form RD 3555-17 or 3555-17E will be honored. Lenders who utilize the electronic loan closing method may retrieve the form through GLS. This type of duplicate will be identified as a “Re-issued Loan Note Guarantee.”