source:
  type: regulation
  id: gnma-mbs-ch20
  authority: "Ginnie Mae MBS Guide Chapter 20 — Maturity or Termination of Pool"
  description: "GNMA MBS Guide Chapter 20 — pool maturity and early termination\n(Ginnie Mae I 15th-of-month final payment, Ginnie Mae II 20th-of-month;\nsecurity-holder consent + Ginnie Mae approval for early termination;\nHUD 11710-A with RPB zero, final guaranty fee via pay.gov by 25th\ncalendar day of termination month; prohibition on termination via\nunilateral prepayment above mortgagor payments except after 90-day\ndefault; remit residual P&I custodial funds to CPTA).\n"
obligations:
- id: gnma-mbs-ch20-early-termination-requires-approval
  canonical_id: gnma-mbs-ch20-early-termination-requires-approval
  section: "Ginnie Mae MBS Guide Ch. 20, Part 3, Section A — Early Termination of Pool: General Requirements"
  description: 'A Ginnie Mae I MBS pool, a Ginnie Mae II MBS custom pool or a Ginnie

    Mae II multiple Issuer pool containing only one loan package may be

    terminated prior to the stated maturity date only if [ISSUER] and

    all security holders of the outstanding securities relating to the

    pool have entered into an agreement for the termination and if

    Ginnie Mae has approved the termination.

    '
  type: do
  audit_question: "For every early pool termination, can [ISSUER] evidence (i) an agreement for termination with ALL security holders of the outstanding securities relating to the pool and (ii) Ginnie Mae’s approval of the termination?"
  workflow_phase: servicing
  owner_role: default_servicing_analyst
  secondary_owner_role: compliance_officer
  cadence: per-pool-termination
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - gnma
  - mbs-guide
  - ch20
  - early-termination
  - approval-required
  - promoted
  primary_source:
    tier: 1
    authority: "Ginnie Mae MBS Guide Chapter 20, Part 3, Section A — Early Termination of Pool: General Requirements"
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_20.pdf
    snapshot_id: 47879d2a1ad678c6
    fetched_at: '2026-05-23T00:30:00Z'
    content_hash: sha256:7ce5dbb545b29e1cc933caa74dcafda3172a8037889bb114c7f8c9784f617af2
    paragraph_quote: 'A Ginnie Mae I MBS pool, a Ginnie Mae II MBS custom pool or a Ginnie Mae II multiple Issuer '
    drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 20 snapshot 47879d2a1ad678c6 at 2026-05-23.
  promoted_at: '2026-05-23T01:32:25+00:00'
  promoted_from: gnma-mbs-ch20-roundb-v1.yaml
  program_review: Does the program ensure any early pool termination has an agreement with ALL security holders of the related outstanding securities and Ginnie Mae's approval?
  file_review: For early terminations, confirm an all-security-holder termination agreement and Ginnie Mae approval.
  judgment: false
- id: gnma-mbs-ch20-no-unilateral-prepayment-termination
  canonical_id: gnma-mbs-ch20-no-unilateral-prepayment-termination
  section: "Ginnie Mae MBS Guide Ch. 20, Part 3, Section A — Early Termination of Pool: General Requirements"
  description: 'No pool may be terminated as a result of [ISSUER]''s or subcontract

    servicer''s unilaterally prepaying either loans or securities in

    excess of the scheduled and unscheduled payments received from the

    mortgagors, except in the event of a default continuing for 90 days

    or more.

    '
  type: dont
  audit_question: Can [ISSUER] evidence that no pool was terminated as a result of [ISSUER] or its subcontract servicer unilaterally prepaying loans or securities in excess of scheduled and unscheduled payments received from mortgagors, except in the event of a default continuing for 90 days or more?
  workflow_phase: servicing
  owner_role: default_servicing_analyst
  secondary_owner_role: compliance_officer
  cadence: per-pool-termination
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - gnma
  - mbs-guide
  - ch20
  - no-unilateral-prepayment
  - 90-day-default-exception
  - promoted
  primary_source:
    tier: 1
    authority: "Ginnie Mae MBS Guide Chapter 20, Part 3, Section A — Early Termination of Pool: General Requirements"
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_20.pdf
    snapshot_id: 47879d2a1ad678c6
    fetched_at: '2026-05-23T00:30:00Z'
    content_hash: sha256:7ce5dbb545b29e1cc933caa74dcafda3172a8037889bb114c7f8c9784f617af2
    paragraph_quote: "No pool may be terminated as a result of the Issuer’s or subcontract servicer’s unilaterally "
    drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 20 snapshot 47879d2a1ad678c6 at 2026-05-23.
  promoted_at: '2026-05-23T01:32:25+00:00'
  promoted_from: gnma-mbs-ch20-roundb-v1.yaml
  program_review: Does the program ensure no pool is terminated by Issuer/subcontract-servicer unilateral prepayment of loans or securities beyond scheduled/unscheduled mortgagor payments, except on a default continuing 90+ days?
  file_review: Review terminations; confirm none resulted from unilateral excess prepayment, except where a 90+-day default applied.
  judgment: false
- id: gnma-mbs-ch20-remit-remaining-pi-funds
  canonical_id: gnma-mbs-ch20-remit-remaining-pi-funds
  section: "Ginnie Mae MBS Guide Ch. 20, Part 3, Section C — Disposition of Remaining Funds"
  description: 'Upon termination or maturity of a pool, any funds remaining in the

    pool P&I custodial account that relate to the terminated pool, and

    to which [ISSUER] is not otherwise entitled based on the terms of

    the applicable Guaranty Agreement and this Guide, must be remitted

    to the CPTA.

    '
  type: do
  audit_question: For every terminated or matured pool, can [ISSUER] evidence remittance to the CPTA of any funds remaining in the pool P&I custodial account that related to the terminated pool and to which [ISSUER] was not otherwise entitled under the applicable Guaranty Agreement and this Guide?
  workflow_phase: servicing
  owner_role: default_servicing_analyst
  secondary_owner_role: escrow_analyst
  cadence: per-pool-termination
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - gnma
  - mbs-guide
  - ch20
  - residual-funds
  - remit-to-cpta
  - promoted
  primary_source:
    tier: 1
    authority: "Ginnie Mae MBS Guide Chapter 20, Part 3, Section C — Disposition of Remaining Funds"
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_20.pdf
    snapshot_id: 47879d2a1ad678c6
    fetched_at: '2026-05-23T00:30:00Z'
    content_hash: sha256:7ce5dbb545b29e1cc933caa74dcafda3172a8037889bb114c7f8c9784f617af2
    paragraph_quote: 'Upon termination or maturity of a pool, any funds remaining in the pool P&I custodial account '
    drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 20 snapshot 47879d2a1ad678c6 at 2026-05-23.
  promoted_at: '2026-05-23T01:32:25+00:00'
  promoted_from: gnma-mbs-ch20-roundb-v1.yaml
  program_review: Does the program ensure that on pool termination/maturity, any remaining P&I-custodial-account funds related to the pool to which the Issuer is not entitled are remitted to the CPTA?
  file_review: For terminated/matured pools, confirm remittance to the CPTA of remaining unentitled P&I-custodial funds.
  judgment: false
_promotion_history:
- promoted_at: '2026-05-23T01:31:40+00:00'
  candidate_path: obligations\_remediation\_round_b_drafts\gnma-mbs-ch20-roundb-v1.yaml
  candidates_promoted: 0
  candidates_skipped_existing: 0
- promoted_at: '2026-05-23T01:32:25+00:00'
  candidate_path: obligations\_remediation\_round_b_drafts\gnma-mbs-ch20-roundb-v1.yaml
  candidates_promoted: 3
  candidates_skipped_existing: 0
