source:
  type: guide
  id: fnma-svc-e-2.2-03
  authority: Fannie Mae Servicing Guide E-2.2-03 — Managing Chapter 12 Bankruptcies
  description: Fannie Mae Servicing Guide E-2.2-03 — Managing Chapter 12 Bankruptcies.
  coverage_tier: operative
obligations:
- id: fnma-svc-e-2.2-03-full
  canonical_id: fnma-svc-e-2.2-03-full
  section: Fannie Mae Servicing Guide E-2.2-03 — Managing Chapter 12 Bankruptcies
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide E-2.2-03 — Managing Chapter 12 Bankruptcies
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
    snapshot_id: cf63a82bbb4adfba
    fetched_at: '2026-05-22T23:53:19Z'
    content_hash: sha256:89df66c43baad07f8a8dd9d224492fff7d15e8839edba02ad0e74c7e50fe5da3
    paragraph_quote: 'E-2.2-03, Managing Chapter 12 Bankruptcies (11/12/2014) Because
      there will not be many Chapter 12 ﬁlings for all Fannie Mae mortgage loans,
      each case must be handled according to its speciﬁc circumstances. The servicer
      and the law ﬁrm (if the case is referred) must decide the actions that need
      to be taken. The timelines for completing a Chapter 12 bankruptcy are described
      in the following table. If the mortgage loan… Then the time frame for completing
      a Chapter 12 bankruptcy is… was current or less than 60 days delinquent when
      the borrower ﬁled bankruptcy ﬁve months and two weeks from the earlier of •
      the 60th day of delinquency, or • the date of referral to a law ﬁrm. was greater
      than or equal to 60 days delinquent or in foreclosure when the borrower ﬁled
      bankruptcy ﬁve months and two weeks from the date of the bankruptcy ﬁling. becomes
      60 days delinquent pursuant to the plan, post-conﬁrmation two months and two
      weeks from the 60th day of delinquency, and the servicer must • verify that
      all previous payments have been properly applied, and • send a new referral
      to the law ﬁrm no later than two weeks from the 60th day of delinquency to seek
      relief from the automatic stay or a dismissal of the case in accordance with
      local bankruptcy rules and practices. Published May 13, 2026 428 Case completion
      for a Chapter 12 bankruptcy proceeding is deﬁned as any of the following: the
      termination of the automatic stay, the case being dismissed or closed, when
      the trustee abandons all interest in the secured property, or when the Chapter
      12 plan is conﬁrmed. Recent Related Announcements There are no recently issued
      Announcements related to this topic.'
  judgment: false
