source:
  type: regulation
  id: fhlmc-5701.13
  authority: Freddie Mac Single-Family Seller/Servicer Guide §5701.13 — Credit Fees for Condominium Unit Mortgages
    (03/05/25)
  description: "Freddie Mac Guide §5701.13 (Credit Fees for Condominium Unit Mortgages). Gap-fill (verbatim, ID-diff).\
    \ \n"
obligations:
- id: fhlmc-5701.13-0
  canonical_id: fhlmc-5701.13-0
  section: Freddie Mac Guide 5701.13
  description: '5701.13 Credit Fees for Condominium Unit Mortgages: (03/05/25) The Seller must refer to Exhibit
    19, Credit Fees, for Credit Fees related to Condominium Units, including Detached Condominium Units. Credit
    Fees are paid in accordance with the Credit Fee provisions stated in Chapter 6303.'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §5701.13 — Credit Fees for Condominium Unit Mortgages
      (03/05/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: (03/05/25) The Seller must refer to Exhibit 19, Credit Fees, for Credit Fees related to Condominium
      Units, including Detached Condominium Units. Credit Fees are paid in accordance with the Credit Fee provisions
      stated in Chapter 6303.
    drafter_attestation: Verbatim from Freddie Guide §5701.13 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-5701.13-1
  canonical_id: fhlmc-5701.13-1
  section: Freddie Mac Guide 5701.13
  description: '5701.13 Credit Fees for Condominium Unit Mortgages: Requirements for Planned Unit Developments (PUDs)
    (02/05/25) This section contains requirements related to: ■ Glossary definitions ■ Planned Unit Developments
    (PUDs) and homeowners association ■ Condominium Units in PUDs ■ Leasehold estates ■ Manufactured Homes in PUDs
    ■ Insuranc…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §5701.13 — Credit Fees for Condominium Unit Mortgages
      (03/05/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: 'Requirements for Planned Unit Developments (PUDs) (02/05/25) This section contains requirements
      related to: ■ Glossary definitions ■ Planned Unit Developments (PUDs) and homeowners association ■ Condominium
      Units in PUDs ■ Leasehold estates ■ Manufactured Homes in PUDs ■ Insurance Freddie Mac requires the Seller
      to identify if a unit is located in a PUD. Freddie Mac defines a PUD as a real estate project in which: ■
      Each unit owner holds title to the lot and the improvements on the lot ■ The homeowners association holds
      title to the Common Elements ■ The unit owners have a right to the use of the Common Elements, and ■ The unit
      owners pay a fee to the homeowners association to maintain the Common Elements for their benefit Note: Zoning
      is not a basis for classifying a project or subdivision as a PUD. To be classified as a PUD, units in projects
      or subdivisions must meet all the requirements above. (a) Glossary definitions Sellers should be familiar
      with the following Glossary terms:'
    drafter_attestation: Verbatim from Freddie Guide §5701.13 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-5701.13-2
  canonical_id: fhlmc-5701.13-2
  section: Freddie Mac Guide 5701.13
  description: '5701.13 Credit Fees for Condominium Unit Mortgages: 702-2 Glossary definitions for PUDs A Amenities
    Amenities are natural features or constructed improvements that enhance property or project attractiveness and
    owner or Shareholder enjoyment but are not essential to the property’s or project’s use by the owners or Shareholders.
    C …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §5701.13 — Credit Fees for Condominium Unit Mortgages
      (03/05/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '702-2 Glossary definitions for PUDs A Amenities Amenities are natural features or constructed
      improvements that enhance property or project attractiveness and owner or Shareholder enjoyment but are not
      essential to the property’s or project’s use by the owners or Shareholders. C Common Elements Common Elements
      are all portions of a project other than the units or individual lots within: (1) a Condominium Project which
      are owned as tenants in common by the unit owners, (2) a Planned Unit Development which are owned by the homeowners
      association and (3) a Cooperative Project which are owned by the Cooperative Corporation but not subject to
      a proprietary lease or occupancy agreement. Common Elements are typically used by unit owners or Shareholders
      who share in the cost of maintenance and operation. Common Elements are defined in the Project Document, and
      may include but are not limited to parking, walkways, lighting, elevators, boilers, hallways, foyers and legal
      ingress and egress to individual units. The term includes common areas and Limited Common Elements. L Limited
      Common Elements Limited Common Elements are portions of Common Elements reserved for use by one or more unit
      owners but not all unit owners. Limited Common Elements are defined in the Project Documents and may include,
      but are not limited to, balconies or patios serving a single unit, assigned parking spaces or storage bins.
      M Master Association An association that governs (1) multiple affiliated projects, (2) a mixed- use development,
      (3) sub-associations within the same condominium project, such as residential and commercial units’ sub-associations,
      or (4) a Planned Unit Development (PUD). It typically manages the affairs that affect the entire planned community
      or development, whereas the sub- associations handle the affairs pertaining to their specific project(s) or
      areas of the larger development.'
    drafter_attestation: Verbatim from Freddie Guide §5701.13 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-5701.13-3
  canonical_id: fhlmc-5701.13-3
  section: Freddie Mac Guide 5701.13
  description: '5701.13 Credit Fees for Condominium Unit Mortgages: 702-3 P Project Documents The term Project Documents
    for a project and any Master Association refers to any and all documents that pertain to the following: ■ Formation
    of the project ■ Rights of the developer and limitations on the actions of the developer ■ Mortgagee rights
    ■ O…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §5701.13 — Credit Fees for Condominium Unit Mortgages
      (03/05/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '702-3 P Project Documents The term Project Documents for a project and any Master Association
      refers to any and all documents that pertain to the following: ■ Formation of the project ■ Rights of the
      developer and limitations on the actions of the developer ■ Mortgagee rights ■ Operation and governance of
      the homeowners association ■ Assessments, voting rights of unit owners and insurance coverage The Project
      Documents include but are not limited to the condominium declaration or master deed, by-laws, articles of
      incorporation (if any), governing documents, covenants, conditions and restrictions, and other recorded agreements
      applicable to the project, as well as any documents of the Master Association or overall project, and applicable
      rules and regulations, public offering statement or offering plan, purchase agreement and similar documents.
      The provisions of the Project Documents are legally enforceable by the homeowners association. (b) PUDs and
      homeowners association When reviewing a PUD to determine if it meets the requirement in this section, Sellers
      must consider all units and spaces that the homeowners association holds title to or has insured. In PUDs,
      the homeowners association owns the Common Elements and maintains them for the benefit of the unit owners.
      (c) Condominium Units in PUDs If a Condominium Unit is located in a PUD, the Seller must comply with the Condominium
      requirements and warranties in Chapter 5701 and the PUD requirements and warranties in this chapter. (d) Leasehold
      estates If the PUD unit or any PUD Common Element is on a leasehold estate, the Seller must comply with the
      leasehold estate requirements in Chapter 5704 and the PUD requirements and warranties in this chapter.'
    drafter_attestation: Verbatim from Freddie Guide §5701.13 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-5701.13-4
  canonical_id: fhlmc-5701.13-4
  section: Freddie Mac Guide 5701.13
  description: '5701.13 Credit Fees for Condominium Unit Mortgages: 702-4 (e) Manufactured Homes in PUDs If a Manufactured
    Home is located in a PUD, the Seller must comply with the Manufactured Home requirements and warranties in Chapter
    5703 and the PUD requirements and warranties in this chapter. (f) Insurance The Seller must represent and warr…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §5701.13 — Credit Fees for Condominium Unit Mortgages
      (03/05/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: 702-4 (e) Manufactured Homes in PUDs If a Manufactured Home is located in a PUD, the Seller
      must comply with the Manufactured Home requirements and warranties in Chapter 5703 and the PUD requirements
      and warranties in this chapter. (f) Insurance The Seller must represent and warrant that the property insurance
      requirements in Chapter 4703 have been met.
    drafter_attestation: Verbatim from Freddie Guide §5701.13 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
