source:
  type: guide
  id: fnma-svc-a2-3-06
  authority: Fannie Mae Servicing Guide A2-3-06 — Prepayment Premiums
  description: Fannie Mae Servicing Guide A2-3-06 — Prepayment Premiums.
  coverage_tier: operative
obligations:
- id: fnma-svc-a2-3-06-full
  canonical_id: fnma-svc-a2-3-06-full
  section: Fannie Mae Servicing Guide A2-3-06 — Prepayment Premiums
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide A2-3-06 — Prepayment Premiums
    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: A2-3-06, Prepayment Premiums (11/12/2014) The servicer must not
      collect prepayment premiums from the borrower when a mortgage loan is paid in
      full —unless the mortgage loan was delivered under a negotiated contract that
      speciﬁcally permitted enforcement of the provisions of the mortgage documents
      that authorized the charging of a premium for prepayments. Even then, the servicer
      must not charge the prepayment premium when the mortgage debt is accelerated
      as the result of the borrower’s default in making their mortgage loan payments.
      If the servicer collects prepayment premiums under the terms of a negotiated
      contract, it must report any prepayment premium it collects for a given mortgage
      loan (even if the premium is not remitted to Fannie Mae) as part of the monthly
      activity information it provides through Fannie Mae’s investor reporting system.
      Recent Related Announcements There are no recently issued Announcements related
      to this topic. Chapter A2-4, Fannie Mae’s Quality Control Review Introduction
      This chapter contains information on Fannie Mae’s quality control review.
  judgment: false
