source:
  type: guide
  id: fnma-svc-c-1.1-03
  authority: Fannie Mae Servicing Guide C-1.1-03 — Automatically Drafting Payments
    from the Borrower's Bank Account
  description: Fannie Mae Servicing Guide C-1.1-03 — Automatically Drafting Payments
    from the Borrower's Bank Account.
  coverage_tier: operative
obligations:
- id: fnma-svc-c-1.1-03-full
  canonical_id: fnma-svc-c-1.1-03-full
  section: Fannie Mae Servicing Guide C-1.1-03 — Automatically Drafting Payments from
    the Borrower's Bank Account
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide C-1.1-03 — Automatically Drafting Payments
      from the Borrower's Bank Account
    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: C-1.1-03, Automatically Drafting Payments from the Borrower’s
      Bank Account (11/12/2014) When automatically drafting a mortgage loan payment
      from a borrower’s designated bank account, the servicer must draft each payment
      no later than the date the servicer would accept a mortgage loan payment by
      other payment methods without penalty. Recent Related Announcements There are
      no recently issued Announcements related to this topic.
  judgment: false
