Which guaranteed lender type must submit supporting documentation when filing a final loss claim?

All guaranteed lender types are required to submit supporting documentation when filing a final loss claim. This is essential for ensuring that the claim is processed accurately and efficiently. Supporting documentation serves as evidence of the events leading to the loss and provides the necessary information for the agency to evaluate and approve the claim.

Each lender type, whether it is a Standard Eligibility Lender (SEL), Certified Lender Program (CLP) lender, or Preferred Lender Program (PLP) lender, is expected to adhere to this requirement to maintain transparency and accountability in the loan guarantee process. By requiring all types of lenders to submit adequate documentation, the program can uphold its integrity and effectively manage risk. The necessity for documentation ensures that all claims are consistently reviewed and substantiated, ultimately contributing to the program's overall reliability.