source:
  type: regulation
  id: gnma-mbs-ch29
  authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 29 — Serial Note Pools — Special Requirements
  description: "Ginnie Mae MBS Guide Chapter 29 (Serial Note Pools — Special Requirements). New-source fetch + gap-fill\
    \ (verbatim). \n"
obligations:
- id: gnma-mbs-ch29-0
  canonical_id: gnma-mbs-ch29-0
  section: Ginnie Mae MBS Guide Chapter 29 — Serial Note Pools — Special Requirements
  description: 'Ch.29 Serial Note Pools — Special Requirements: : 2007-10-01 This chapter describes special requirements
    that apply for a pool of single family, level payment mortgages that is pooled for the issuance of serial notes.
    The requirements described in this chapter may modify, supplement or, in some cases, repeat for the purpose
    of…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 29 — Serial Note Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_29.pdf
    snapshot_id: f7720f0e636c3b47
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:168240ea67d0691bd7998ca010a62d703fb65766f575a515d02499bd05500505
    paragraph_quote: ': 2007-10-01 This chapter describes special requirements that apply for a pool of single family,
      level payment mortgages that is pooled for the issuance of serial notes. The requirements described in this
      chapter may modify, supplement or, in some cases, repeat for the purpose of emphasis those set forth in previous
      chapters with respect to mortgage eligibility, pool requirements, required pool submission documents, securities
      marketing disclosures, and administering pools. SN pools can be formed only under the Ginnie Mae I MBS Program.
      SN pools provide for the sequential retirement of securities units subject to the amount of principal available
      each month. Each sequentially numbered security unit has a face value of $25,000, except for the last unit,
      which may exceed that amount. If the amount collected on the scheduled principal due on the mortgages in any
      month, along with unscheduled recoveries of principal received during the reporting month and any previously
      undisbursed principal, is insufficient to retire a sequentially numbered serial unit that is scheduled to
      be retired in that same month, the Issuer must advance corporate funds in an amount sufficient to retire the
      serial unit as scheduled. If the scheduled principal due on the mortgages in any month, along with unscheduled
      recoveries of principal received during the reporting month and any previously undisbursed principal, is insufficient
      to retire any sequentially numbered serial unit that is not scheduled to be retired in that same month, then
      no serial unit is retired in that month.'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 29 PDF, snapshot f7720f0e636c3b47;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch29-1
  canonical_id: gnma-mbs-ch29-1
  section: Ginnie Mae MBS Guide Chapter 29 — Serial Note Pools — Special Requirements
  description: 'Ch.29 Serial Note Pools — Special Requirements: : 2007-10-01 The mortgage eligibility and pool requirements
    that apply, with limited exceptions, to all pool types are found in MBS Guide, Ch. 9. The eligibility requirements
    for Ginnie Mae I SF mortgages found in MBS Guide, Ch. 24 apply for mortgages to be included in SN pools. …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 29 — Serial Note Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_29.pdf
    snapshot_id: f7720f0e636c3b47
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:168240ea67d0691bd7998ca010a62d703fb65766f575a515d02499bd05500505
    paragraph_quote: ': 2007-10-01 The mortgage eligibility and pool requirements that apply, with limited exceptions,
      to all pool types are found in MBS Guide, Ch. 9. The eligibility requirements for Ginnie Mae I SF mortgages
      found in MBS Guide, Ch. 24 apply for mortgages to be included in SN pools. The pool requirements for Ginnie
      Mae I SF pools found in MBS Guide, Ch. 24 also apply for SN pools, except as modified by this section.'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 29 PDF, snapshot f7720f0e636c3b47;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch29-2
  canonical_id: gnma-mbs-ch29-2
  section: Ginnie Mae MBS Guide Chapter 29 — Serial Note Pools — Special Requirements
  description: 'Ch.29 Serial Note Pools — Special Requirements: REQUIRED DOCUMENTS The procedures and basic document
    requirements for all pools are found in MBS Guide, Ch. 10, 11, and 13. Section A. For Certification by Document
    Custodian'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 29 — Serial Note Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_29.pdf
    snapshot_id: f7720f0e636c3b47
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:168240ea67d0691bd7998ca010a62d703fb65766f575a515d02499bd05500505
    paragraph_quote: REQUIRED DOCUMENTS The procedures and basic document requirements for all pools are found in
      MBS Guide, Ch. 10, 11, and 13. Section A. For Certification by Document Custodian
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 29 PDF, snapshot f7720f0e636c3b47;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch29-3
  canonical_id: gnma-mbs-ch29-3
  section: Ginnie Mae MBS Guide Chapter 29 — Serial Note Pools — Special Requirements
  description: 'Ch.29 Serial Note Pools — Special Requirements: : 2021-07-28 The loan documents required for initial
    and final certification of an SN pool by the document custodian are the same as those discussed in the MBS Guide
    Ch. 13, Part 7. They are summarized in the following table:'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 29 — Serial Note Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_29.pdf
    snapshot_id: f7720f0e636c3b47
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:168240ea67d0691bd7998ca010a62d703fb65766f575a515d02499bd05500505
    paragraph_quote: ': 2021-07-28 The loan documents required for initial and final certification of an SN pool
      by the document custodian are the same as those discussed in the MBS Guide Ch. 13, Part 7. They are summarized
      in the following table:'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 29 PDF, snapshot f7720f0e636c3b47;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch29-4
  canonical_id: gnma-mbs-ch29-4
  section: Ginnie Mae MBS Guide Chapter 29 — Serial Note Pools — Special Requirements
  description: 'Ch.29 Serial Note Pools — Special Requirements: , Rev. 1 29-1 ginniemae.gov Document Form Number
    Appendix For Initial Certification Schedule of Pooled Mortgages HUD 11706 III-7'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 29 — Serial Note Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_29.pdf
    snapshot_id: f7720f0e636c3b47
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:168240ea67d0691bd7998ca010a62d703fb65766f575a515d02499bd05500505
    paragraph_quote: ', Rev. 1 29-1 ginniemae.gov Document Form Number Appendix For Initial Certification Schedule
      of Pooled Mortgages HUD 11706 III-7'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 29 PDF, snapshot f7720f0e636c3b47;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch29-5
  canonical_id: gnma-mbs-ch29-5
  section: Ginnie Mae MBS Guide Chapter 29 — Serial Note Pools — Special Requirements
  description: 'Ch.29 Serial Note Pools — Special Requirements: , Rev. 1 29-2 ginniemae.gov Certification and Agreement,
    executed original HUD 11711B III-5 Original notes (or, in the case of modified loans, the original notes executed
    for the modifications) or other evidences of indebtedness, endorsed in blank, without recourse For nonprofit
    …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 29 — Serial Note Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_29.pdf
    snapshot_id: f7720f0e636c3b47
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:168240ea67d0691bd7998ca010a62d703fb65766f575a515d02499bd05500505
    paragraph_quote: ', Rev. 1 29-2 ginniemae.gov Certification and Agreement, executed original HUD 11711B III-5
      Original notes (or, in the case of modified loans, the original notes executed for the modifications) or other
      evidences of indebtedness, endorsed in blank, without recourse For nonprofit agency section 203(k) loans,
      FHA affordable housing program letters For Final Certification Original recorded mortgages (or, in the case
      of modified loans, the recorded original mortgages, the related original notes, the modification agreements,
      and any required subordination agreements and/or title endorsements) All recorded interim assignments Evidence
      of good title (e.g., mortgage title insurance policies) Evidence of mortgage insurance or guaranty provided
      by FHA, VA, RD, or PIH (not required for manufactured housing). In lieu of an original MIC signed by FHA or
      LGC signed by VA, electronic confirmation from FHA Connection or VA’s TAS is acceptable. For RD loans, Assignment
      and Assumption Agreement, if any Section B. For Approval by PPA and Ginnie Mae'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 29 PDF, snapshot f7720f0e636c3b47;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch29-6
  canonical_id: gnma-mbs-ch29-6
  section: Ginnie Mae MBS Guide Chapter 29 — Serial Note Pools — Special Requirements
  description: 'Ch.29 Serial Note Pools — Special Requirements: : 2007-10-01 The SN pool documents required for
    approval by Ginnie Mae are the same as those discussed in MBS Guide, Ch.10, Part 3, except that, if a pool is
    submitted in paper submission format, the Issuer must also submit a prospectus, form HUD 1734 (Appendix IV-7),
    which must …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 29 — Serial Note Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_29.pdf
    snapshot_id: f7720f0e636c3b47
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:168240ea67d0691bd7998ca010a62d703fb65766f575a515d02499bd05500505
    paragraph_quote: ': 2007-10-01 The SN pool documents required for approval by Ginnie Mae are the same as those
      discussed in MBS Guide, Ch.10, Part 3, except that, if a pool is submitted in paper submission format, the
      Issuer must also submit a prospectus, form HUD 1734 (Appendix IV-7), which must be modified, if appropriate,
      in accordance with the MBS Guide, Ch. 24, Part 2, § B(3)(b)(iii). The following table lists the pool documents
      to be sent to the PPA for approval of SN pools by Ginnie Mae. Document Name Form Number Appendix Schedule
      of Subscribers and Ginnie Mae Guaranty Agreement HUD 11705 III-6 Schedule of Pooled Mortgages HUD 11706 III-7
      Master Servicing Agreement HUD 11707 III-1 Master Agreement for Servicer’s Principal and Interest Custodial
      Account HUD 11709 III-2'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 29 PDF, snapshot f7720f0e636c3b47;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch29-7
  canonical_id: gnma-mbs-ch29-7
  section: Ginnie Mae MBS Guide Chapter 29 — Serial Note Pools — Special Requirements
  description: 'Ch.29 Serial Note Pools — Special Requirements: , Rev. 1 29-3 ginniemae.gov Master Custodial Agreement
    HUD 11715 III-4 Prospectus (for pools submitted in paper format) HUD 1734 IV-7'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 29 — Serial Note Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_29.pdf
    snapshot_id: f7720f0e636c3b47
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:168240ea67d0691bd7998ca010a62d703fb65766f575a515d02499bd05500505
    paragraph_quote: ', Rev. 1 29-3 ginniemae.gov Master Custodial Agreement HUD 11715 III-4 Prospectus (for pools
      submitted in paper format) HUD 1734 IV-7'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 29 PDF, snapshot f7720f0e636c3b47;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch29-8
  canonical_id: gnma-mbs-ch29-8
  section: Ginnie Mae MBS Guide Chapter 29 — Serial Note Pools — Special Requirements
  description: 'Ch.29 Serial Note Pools — Special Requirements: : 2007-10-01 Preparation and delivery of the securities
    are described in MBS Guide, Ch. 12. The text of SN securities is set forth in Appendix IV-12. This section describes
    additional requirements for Issuers of securities backed by SN pools. Payments of interest must be made on …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 29 — Serial Note Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_29.pdf
    snapshot_id: f7720f0e636c3b47
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:168240ea67d0691bd7998ca010a62d703fb65766f575a515d02499bd05500505
    paragraph_quote: ': 2007-10-01 Preparation and delivery of the securities are described in MBS Guide, Ch. 12.
      The text of SN securities is set forth in Appendix IV-12. This section describes additional requirements for
      Issuers of securities backed by SN pools. Payments of interest must be made on the dates and in the manner
      specified in MBS Guide, Ch. 15 Payment of principal must be made, subject to the limitations set forth in
      MBS Guide Ch. 29, Part 5, § A and D, when accumulated scheduled principal and unscheduled recoveries of principal
      are sufficient to retire a serial note unit or units in sequential order. Each issue will consist of at least
      100 but no more than 200 consecutively numbered units of equal amounts. The principal amount of each serial
      unit must be $25,000, except for the last unit, which may be in a principal amount greater than $25,000 but
      less than $50,000. A security holder or a beneficial owner of a serial note will have the option, upon request
      in writing to the CPTA, to convert its ownership interest in a single serial note to an interest in designated
      sequential serial notes evidencing lots of 25 units each (e.g., a serial note with 100 units may be converted
      into four separate serial notes each evidencing 25 sequentially numbered units) or to separate designated
      sequential notes each evidencing one serial note unit. Thereafter, such security holder or beneficial owner
      will have the option, upon written request to the CPTA, to convert its ownership interest in such serial notes
      evidencing individual units into a single serial note evidencing a note of 25 units or its ownership interest
      in four serial notes each evidencing 25 units into a single serial note. The maturity date of a serial note
      issuance will be the maturity date of the last serial unit to mature that is included in that issue, based
      on the amortization of the mortgage pool assuming no unscheduled recovery of principal. Example: Serial note
      unit 37 is part of a $2,500,000, 9% pool with 100 $25,000 units. Serial note 37 ($25,000) will be paid principal
      only after the preceding 36 serial notes (36 x $25,000 = $1,550,000) have been paid in full. That is, $1,575,000
      will have to be paid on the mortgages in order for serial note 37 to be retired. Assuming no prepayments or
      other early recovery of principal on the mortgages, serial note 37 will pay off in 246 months.'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 29 PDF, snapshot f7720f0e636c3b47;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch29-9
  canonical_id: gnma-mbs-ch29-9
  section: Ginnie Mae MBS Guide Chapter 29 — Serial Note Pools — Special Requirements
  description: 'Ch.29 Serial Note Pools — Special Requirements: POOL ADMINISTRATION General pool administration
    requirements for all pool types are described in MBS Guide, Ch. 14 through 20. This section describes additional
    requirements for the administration of SN pools'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 29 — Serial Note Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_29.pdf
    snapshot_id: f7720f0e636c3b47
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:168240ea67d0691bd7998ca010a62d703fb65766f575a515d02499bd05500505
    paragraph_quote: POOL ADMINISTRATION General pool administration requirements for all pool types are described
      in MBS Guide, Ch. 14 through 20. This section describes additional requirements for the administration of
      SN pools
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 29 PDF, snapshot f7720f0e636c3b47;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch29-10
  canonical_id: gnma-mbs-ch29-10
  section: Ginnie Mae MBS Guide Chapter 29 — Serial Note Pools — Special Requirements
  description: 'Ch.29 Serial Note Pools — Special Requirements: : 2007-10-01 The principal amount of each serial
    unit in a serial note issuance will be paid to the security holder no later than its stated maturity date, whether
    or not funds have been collected by the Issuer from the mortgagors. Section B. Investment of Undisbursed Collections'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 29 — Serial Note Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_29.pdf
    snapshot_id: f7720f0e636c3b47
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:168240ea67d0691bd7998ca010a62d703fb65766f575a515d02499bd05500505
    paragraph_quote: ': 2007-10-01 The principal amount of each serial unit in a serial note issuance will be paid
      to the security holder no later than its stated maturity date, whether or not funds have been collected by
      the Issuer from the mortgagors. Section B. Investment of Undisbursed Collections'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 29 PDF, snapshot f7720f0e636c3b47;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch29-11
  canonical_id: gnma-mbs-ch29-11
  section: Ginnie Mae MBS Guide Chapter 29 — Serial Note Pools — Special Requirements
  description: 'Ch.29 Serial Note Pools — Special Requirements: : 2007-10-01 Principal retained in the P&I custodial
    account in anticipation of full payment of a serial unit may be invested in certificates of deposit with FDIC
    or FSLIC-insured institutions or in time deposits with Federal Reserve System member banks that satisfy the
    rating re…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 29 — Serial Note Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_29.pdf
    snapshot_id: f7720f0e636c3b47
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:168240ea67d0691bd7998ca010a62d703fb65766f575a515d02499bd05500505
    paragraph_quote: ': 2007-10-01 Principal retained in the P&I custodial account in anticipation of full payment
      of a serial unit may be invested in certificates of deposit with FDIC or FSLIC-insured institutions or in
      time deposits with Federal Reserve System member banks that satisfy the rating requirements for funds custodians.
      These certificates of deposit or time deposit accounts must be payable in favor of the Issuer and/or Ginnie
      Mae. (Please See MBS Guide Chapter 16, Part 8) Section C. Monthly Reporting Requirements'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 29 PDF, snapshot f7720f0e636c3b47;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch29-12
  canonical_id: gnma-mbs-ch29-12
  section: Ginnie Mae MBS Guide Chapter 29 — Serial Note Pools — Special Requirements
  description: 'Ch.29 Serial Note Pools — Special Requirements: : 2007-10-01 Monthly reporting on SN pools differs
    from reporting related to other pool types, as follows: Issuer’s Monthly Serial Note Remittance Advice, form
    HUD 11714SN (Appendix VI-11): Issuers must indicate the following for each serial note: (1) the amount of interest
    payab…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 29 — Serial Note Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_29.pdf
    snapshot_id: f7720f0e636c3b47
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:168240ea67d0691bd7998ca010a62d703fb65766f575a515d02499bd05500505
    paragraph_quote: ': 2007-10-01 Monthly reporting on SN pools differs from reporting related to other pool types,
      as follows: Issuer’s Monthly Serial Note Remittance Advice, form HUD 11714SN (Appendix VI-11): Issuers must
      indicate the following for each serial note: (1) the amount of interest payable; (2) the principal balance
      outstanding; (3) the unit number and payment date of the last paid serial unit; and (4) the scheduled maturity
      date of the last paid serial unit. Section D. Surrender of Serial Notes at Maturity'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 29 PDF, snapshot f7720f0e636c3b47;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch29-13
  canonical_id: gnma-mbs-ch29-13
  section: Ginnie Mae MBS Guide Chapter 29 — Serial Note Pools — Special Requirements
  description: 'Ch.29 Serial Note Pools — Special Requirements: : 2007-10-01 Each serial note that is held in certificated
    form and that represents a single serial unit must be surrendered prior to payment of the unit. Each certificated
    serial note that represents multiple serial units must be surrendered prior to the payment of the highest n…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 29 — Serial Note Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_29.pdf
    snapshot_id: f7720f0e636c3b47
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:168240ea67d0691bd7998ca010a62d703fb65766f575a515d02499bd05500505
    paragraph_quote: ': 2007-10-01 Each serial note that is held in certificated form and that represents a single
      serial unit must be surrendered prior to payment of the unit. Each certificated serial note that represents
      multiple serial units must be surrendered prior to the payment of the highest numbered serial unit represented
      by the serial note. The Issuer must send a notice to the security holder of each maturing serial note by the
      second business day of the month in which the payment retiring the serial note is due. This will give security
      holders of certificated securities sufficient time to surrender the serial note prior to the 15th of the month.
      Interest will not accrue for the period of any delay in the payment of a serial unit resulting from the failure
      of the security holder of a certificated serial note to surrender the serial note after proper notice, as
      specified above, has been given by the Issuer. Serial note certificates surrendered to the Issuer are to be
      delivered to the CPTA (Please See MBS Guide Addresses) with a letter of transmittal stating that the serial
      note has been retired.'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 29 PDF, snapshot f7720f0e636c3b47;
      substring-verified. New-source fetch.
  judgment: false
