source:
  type: guide
  id: fnma-svc-e-5-03
  authority: Fannie Mae Servicing Guide E-5-03 — Allowable Bankruptcy Fees
  description: Fannie Mae Servicing Guide E-5-03 — Allowable Bankruptcy Fees.
  coverage_tier: operative
obligations:
- id: fnma-svc-e-5-03-full
  canonical_id: fnma-svc-e-5-03-full
  section: Fannie Mae Servicing Guide E-5-03 — Allowable Bankruptcy Fees
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide E-5-03 — Allowable Bankruptcy Fees
    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-5-03, Allowable Bankruptcy Fees (12/18/2024) Fannie Mae's schedule
      of maximum allowable attorney fees for services rendered in connection with
      bankruptcy actions is included in the Allowable Bankruptcy Attorney Fees Exhibit.
      Generally, Fannie Mae will not reimburse the servicer for any attorney fees
      that exceed or are not included within Fannie Mae's maximum allowable bankruptcy
      fee schedule—unless the law ﬁrm obtains the appropriate excess fee approval
      from Fannie Mae's SF CPM division (see F-4-02, List of Contacts). The servicer
      should charge the borrower only those bankruptcy fees and costs that are permitted
      under the terms of the note, security instrument, and applicable law and that
      are prorated to reasonably relate to the amount of work actually performed.
      The servicer must also comply with the additional requirements set forth in
      E-5-05, Reimbursing Law Firms/Reimbursement of Uncollected Fees, Costs or Advances.
      When legally permissible, the servicer must preserve the borrower's obligation
      to reimburse it for attorney fees and costs paid for bankruptcy actions in accordance
      with local bankruptcy rules and all applicable law. The servicer is obligated
      to compensate the law ﬁrm for the work performed, but is not completed, on a
      prorated basis to reasonably relate to the amount of legal work performed and
      the actual, reasonable, and necessary costs incurred by the law ﬁrm. The servicer
      may request reimbursement by submitting a Request for Expense Reimbursement
      to Fannie Mae. Recent Related Announcements The table below provides references
      to recently issued Announcements that are related to this topic. Announcements
      Issue Date Announcement SVC-2024-07 December 18, 2024 Announcement SVC-2020-01
      February 12, 2020 Published May 13, 2026 509
  judgment: false
