source:
  type: regulation
  id: fhlmc-8202
  authority: "Freddie Mac Single-Family Seller/Servicer Guide Chapter 8202 — Property Insurance"
  description: 'Chapter 8202 of the Freddie Mac Single-Family Seller/Servicer Guide

    governs property and flood insurance: general property-insurance

    requirements, mortgage clause, minimum property insurance types and

    amounts, flood insurance, condo/co-op liability and fidelity, and

    Lender-Placed Insurance. NOTE: actual title is "Property Insurance".

    '
obligations:
- id: fhlmc-8202-maintain-property-insurance
  canonical_id: fhlmc-8202-maintain-property-insurance
  section: "Freddie Mac Guide Section 8202.1(a) — General property insurance requirements"
  description: 'For as long as Freddie Mac owns a Mortgage, [LENDER] must ensure that

    the Mortgaged Premises is covered by insurance meeting the

    requirements of Chapters 4703 and 8202, including coverage for fire,

    windstorm, hurricane, hail, flood and localized perils when

    applicable.

    '
  type: maintain
  audit_question: Can [LENDER] evidence that, for every Freddie Mac-owned Mortgage it services, the Mortgaged Premises is continuously covered by insurance meeting the Chapter 4703 and 8202 requirements?
  workflow_phase: servicing
  owner_role: escrow_analyst
  secondary_owner_role: compliance_officer
  cadence: continuous
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fhlmc
  - freddie-mac
  - servicing-guide
  - property-insurance
  - promoted
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide Section 8202.1(a)
    source_class: fhlmc-guide
    source_url: https://guide.freddiemac.com/ci-guide
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-05-23T00:27:40Z'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: For as long as Freddie Mac owns a Mortgage, the Servicer must ensure that the Mortgaged
    drafter_attestation: Copied verbatim from Freddie Mac Guide snapshot 5869ee9e606cd4ae (Chapter 8202) at 2026-05-22.
  promoted_at: '2026-05-23T00:48:30+00:00'
  promoted_from: fhlmc-8202-roundb-v1.yaml
  program_review: Does the program ensure every Freddie-owned Mortgage's premises is continuously covered by insurance meeting Chapters 4703 and 8202 (fire, windstorm, hurricane, hail, flood, localized perils as applicable)?
  file_review: Sample serviced loans; confirm continuous coverage meeting the Chapter 4703/8202 requirements.
  judgment: false
- id: fhlmc-8202-flood-insurance-policies-controls
  canonical_id: fhlmc-8202-flood-insurance-policies-controls
  section: "Freddie Mac Guide Section 8202.2 — Flood insurance requirements"
  description: '[LENDER] must have policies and controls in place to ensure that the

    Mortgaged Premises, when required, has and maintains flood insurance

    coverage that meets the minimum requirements outlined in Section

    4703.3, for each Freddie Mac-owned Mortgage it services.

    '
  type: maintain
  audit_question: Can [LENDER] evidence that, for every Freddie Mac-serviced Mortgage in a Special Flood Hazard Area or otherwise requiring flood insurance, policies and controls are in place to ensure flood insurance coverage meeting Section 4703.3 minimums is maintained?
  workflow_phase: servicing
  owner_role: escrow_analyst
  secondary_owner_role: compliance_officer
  cadence: continuous
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fhlmc
  - freddie-mac
  - servicing-guide
  - flood-insurance
  - promoted
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide Section 8202.2
    source_class: fhlmc-guide
    source_url: https://guide.freddiemac.com/ci-guide
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-05-23T00:27:40Z'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: For each Freddie Mac-owned Mortgage it services, the Servicer must have policies and controls
    drafter_attestation: Copied verbatim from Freddie Mac Guide snapshot 5869ee9e606cd4ae (Chapter 8202) at 2026-05-22.
  promoted_at: '2026-05-23T00:48:30+00:00'
  promoted_from: fhlmc-8202-roundb-v1.yaml
  program_review: Does the program maintain policies/controls ensuring flood insurance meeting §4703.3 minimums is maintained on every serviced Mortgage in an SFHA or otherwise requiring it?
  file_review: For SFHA/flood-required loans, confirm coverage meeting §4703.3 minimums; review the controls.
  judgment: false
- id: fhlmc-8202-flood-no-lapses-premiums-paid
  canonical_id: fhlmc-8202-flood-no-lapses-premiums-paid
  section: "Freddie Mac Guide Section 8202.2 — Flood insurance lapse prevention"
  description: '[LENDER] must have policies, procedures and controls in place to

    ensure the property is adequately protected by flood insurance when

    required, with no lapses in coverage, and the flood insurance

    premiums are paid.

    '
  type: maintain
  audit_question: Can [LENDER] evidence its policies, procedures and controls for ensuring no lapses in required flood insurance coverage on Freddie Mac-serviced Mortgages, and that flood insurance premiums are paid timely?
  workflow_phase: servicing
  owner_role: escrow_analyst
  secondary_owner_role: compliance_officer
  cadence: continuous
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fhlmc
  - freddie-mac
  - servicing-guide
  - flood-insurance
  - lapse-prevention
  - promoted
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide Section 8202.2
    source_class: fhlmc-guide
    source_url: https://guide.freddiemac.com/ci-guide
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-05-23T00:27:40Z'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: The Servicer must have policies, procedures and controls in place to ensure the property is
    drafter_attestation: Copied verbatim from Freddie Mac Guide snapshot 5869ee9e606cd4ae (Chapter 8202) at 2026-05-22.
  promoted_at: '2026-05-23T00:48:30+00:00'
  promoted_from: fhlmc-8202-roundb-v1.yaml
  program_review: Does the program have policies/procedures/controls ensuring no lapse in required flood coverage and timely payment of flood premiums?
  file_review: Sample flood-required loans; confirm no coverage lapse and timely premium payment via the lapse-prevention controls.
  judgment: false
_promotion_history:
- promoted_at: '2026-05-23T00:48:30+00:00'
  candidate_path: obligations\_remediation\_round_b_drafts\fhlmc-8202-roundb-v1.yaml
  candidates_promoted: 3
  candidates_skipped_existing: 0
