source:
  type: guide
  id: fnma-svc-c-2.2-02
  authority: Fannie Mae Servicing Guide C-2.2-02 — Assuming Responsibility for Conversion
    Notice Errors
  description: Fannie Mae Servicing Guide C-2.2-02 — Assuming Responsibility for Conversion
    Notice Errors.
  coverage_tier: operative
obligations:
- id: fnma-svc-c-2.2-02-full
  canonical_id: fnma-svc-c-2.2-02-full
  section: Fannie Mae Servicing Guide C-2.2-02 — Assuming Responsibility for Conversion
    Notice Errors
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide C-2.2-02 — Assuming Responsibility for Conversion
      Notice Errors
    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-2.2-02, Assuming Responsibility for Conversion Notice Errors
      (11/12/2014) If a borrower questions why the servicer did not provide notiﬁcation
      of an upcoming opportunity to exercise a conversion to a ﬁxed rate mortgage
      loan option and the borrower was entitled to such notiﬁcation under Fannie Mae’s
      policy, the servicer must immediately oﬀer the borrower the option of converting,
      provided that the borrower met the eligibility criteria on the option date.
      The servicer must follow the procedures in Correcting Conversion Notice Errors
      in F-1-01, Servicing ARM Loans to verify the correct interest rate. Recent Related
      Announcements There are no recently issued Announcements related to this topic.
  judgment: false
