source:
  type: regulation
  id: fnma-svc-b-3
  authority: "FNMA Servicing Guide B-3 — Flood Insurance Requirements"
  description: 'Servicing Guide Chapter B-3 sets the servicer''s flood-insurance responsibilities including no lapse, SFHA remap response, and NFIP lapse handling.

    '
obligations:
- id: fnma-svc-b-3-no-flood-coverage-lapse
  canonical_id: fnma-svc-b-3-no-flood-coverage-lapse
  section: "FNMA Servicing Guide B-3-01 — Flood Insurance Requirements Applicable to All Property Types"
  description: '[LENDER] must ensure the property securing the mortgage loan is

    adequately protected by flood insurance when required, with no lapses

    of coverage.

    '
  type: do
  audit_question: For every Fannie Mae mortgage loan requiring flood insurance, can [LENDER] evidence continuous coverage with no lapse (excepting an NFIP-lapse scenario handled per the B-3-01 NFIP-lapse procedures)?
  workflow_phase: servicing
  owner_role: escrow_analyst
  secondary_owner_role: insurance_specialist
  cadence: continuous
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fnma
  - servicing-guide
  - flood-insurance
  - no-lapse
  - promoted
  primary_source:
    tier: 1
    authority: FNMA Servicing Guide B-3-01
    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: "Ensure the property securing the mortgage loan is adequately protected by ﬂood insurance when\nrequired, with no lapses of coverage (see Requirements During a National Flood Insurance\nProgram Lapse for servicing mortgage loans impacted by a lapse of the NFIP)."
    drafter_attestation: 'Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter B-3) at 2026-05-22.

      '
  promoted_at: '2026-05-23T00:25:09+00:00'
  promoted_from: fnma-svc-b-3-roundb-v1.yaml
  program_review: Does the program ensure flood-required properties are continuously protected with no coverage lapse (accounting for the NFIP-lapse handling procedures)?
  file_review: For flood-required loans, confirm continuous coverage with no lapse, per the NFIP-lapse procedures where applicable.
  judgment: false
- id: fnma-svc-b-3-sfha-remap-120-day
  canonical_id: fnma-svc-b-3-sfha-remap-120-day
  section: "FNMA Servicing Guide B-3-01 — Requirements When a Property's Flood Zone Status Changes"
  description: 'When a property is remapped into an SFHA and the property is located in

    a participating community under the NFIP, [LENDER] must obtain the

    required flood insurance coverage within 120 days after the effective

    date of the remapping even if the borrower refuses to obtain the

    required coverage or to pay a disputed premium.

    '
  type: do
  audit_question: For every Fannie Mae mortgage loan remapped into an SFHA in an NFIP participating community, can [LENDER] evidence required flood coverage obtained within 120 days after the effective date of the remapping, even where the borrower refused to obtain coverage or pay the premium?
  workflow_phase: servicing
  owner_role: escrow_analyst
  secondary_owner_role: insurance_specialist
  cadence: per-event
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fnma
  - servicing-guide
  - flood-insurance
  - sfha-remap
  - 120-day
  - promoted
  primary_source:
    tier: 1
    authority: FNMA Servicing Guide B-3-01
    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: "obtain the required coverage within 120 days after\nthe eﬀective date of the remapping even if the\nborrower refuses to obtain the required coverage or\nto pay a disputed premium."
    drafter_attestation: 'Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter B-3) at 2026-05-22.

      '
  promoted_at: '2026-05-23T00:25:09+00:00'
  promoted_from: fnma-svc-b-3-roundb-v1.yaml
  program_review: Does the program account for SFHA remapping — obtaining required flood coverage within 120 days after the remapping effective date even if the borrower refuses to obtain coverage or pay a disputed premium (force-placement path)?
  file_review: For loans remapped into an SFHA (NFIP participating community), confirm flood coverage was obtained within 120 days of the remapping effective date, including borrower-refusal cases.
  judgment: false
_promotion_history:
- promoted_at: '2026-05-23T00:25:09+00:00'
  candidate_path: C:\Users\earlc\broker-tools\obligations\_remediation\_round_b_drafts\fnma-svc-b-3-roundb-v1.yaml
  candidates_promoted: 2
  candidates_skipped_existing: 0
