source:
  type: regulation
  id: fhlmc-2202.2
  authority: Freddie Mac Single-Family Seller/Servicer Guide §2202.2 — Contracting with a Document Custodian (12/17/25)
  description: "Freddie Mac Guide §2202.2 (Contracting with a Document Custodian). Gap-fill (verbatim, ID-diff).\
    \ \n"
obligations:
- id: fhlmc-2202.2-0
  canonical_id: fhlmc-2202.2-0
  section: Freddie Mac Guide 2202.2
  description: '2202.2 Contracting with a Document Custodian: (12/17/25) This section contains requirements related
    to: ■ Contracting with a Document Custodian other than a Designated Custodian ■ Contracting with a Designated
    Custodian ■ Special requirements – Mortgages sold through Cash-Released XChange® ■ Special requirements for
    eMortgag…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §2202.2 — Contracting with a Document Custodian (12/17/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '(12/17/25) This section contains requirements related to: ■ Contracting with a Document Custodian
      other than a Designated Custodian ■ Contracting with a Designated Custodian ■ Special requirements – Mortgages
      sold through Cash-Released XChange® ■ Special requirements for eMortgages ■ Terminating the document custodial
      relationship (a) Contracting with a Document Custodian other than a Designated Custodian (i) Submission of
      Form 1035, Document Custodial Agreement: Single-Family Mortgages Before delivering any Notes and assignments
      to a Document Custodian other than a Designated Custodian, a paper version of Form 1035 executed by the Seller/Servicer
      and the Document Custodian must be delivered to and approved by Freddie Mac (see Directory 1). Form 1035 is
      the Tri-Party Agreement among Freddie Mac, a Document Custodian and a Seller/Servicer governing the verification
      and custody of all Notes and assignments for Mortgages delivered for sale to or serviced for Freddie Mac by
      a Seller/Servicer. Note: Additional application requirements to become a Freddie Mac-approved Document Custodian
      may be obtained from Freddie Mac (see Directory 1). (ii) Freddie Mac approval and assignments After reviewing
      the Document Custodian application and any other required documentation, if Freddie Mac determines that the
      applicant meets the eligibility requirements, Freddie Mac will: ■ Assign a Document Custodian number to the
      Document Custodian,'
    drafter_attestation: Verbatim from Freddie Guide §2202.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-2202.2-1
  canonical_id: fhlmc-2202.2-1
  section: Freddie Mac Guide 2202.2
  description: '2202.2 Contracting with a Document Custodian: 202-10 ■ Assign a Tri-Party Agreement number to identify
    that relationship, ■ Execute Form 1035, ■ Provide the Seller/Servicer and the Document Custodian each with a
    copy of the fully executed Form 1035, ■ Inform the respective parties of the Document Custodian number and the
    Doc…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §2202.2 — Contracting with a Document Custodian (12/17/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '202-10 ■ Assign a Tri-Party Agreement number to identify that relationship, ■ Execute Form
      1035, ■ Provide the Seller/Servicer and the Document Custodian each with a copy of the fully executed Form
      1035, ■ Inform the respective parties of the Document Custodian number and the Document Custodial agreement
      number, and ■ Maintain the original fully executed Form 1035 The Document Custodian will be assigned only
      one Document Custodian number for all Seller/Servicer relationships approved at that location. It must, however,
      complete a separate application, including a Form 1035 executed by the Seller/Servicer and the Document Custodian,
      for each Seller/Servicer that wishes to use its custodial services. A Document Custodian with an assigned
      Document Custodian number must insert the number in the appropriate space on Form 1035. (iii)Delivery restrictions
      Seller/Servicers may not make a delivery pursuant to Section 6301.4(a) until Freddie Mac has: ■ Executed the
      Form 1035, and ■ Provided written confirmation of the approval and its effective date (iv) Audit and compliance
      checks For Document Custodians other than the Designated Custodians, Freddie Mac relies on the representations
      and warranties of the Seller/Servicer in Form 1035 that the Document Custodian satisfies the eligibility requirements
      of Section 2202.1(b). Freddie Mac and/or its auditors: ■ May perform, with or without prior notice, on-site
      audits of all records and documents held by the Document Custodian that relate to the Notes and assignments
      held for Freddie Mac, and ■ Reserve the right to perform on-site audits at any time to evaluate the Document
      Custodian’s compliance with Freddie Mac requirements and to assess its internal controls Freddie Mac’s execution
      of Form 1035 will not be deemed to be an approval of the Document Custodian or a waiver of any rights to enforce
      the eligibility conditions.'
    drafter_attestation: Verbatim from Freddie Guide §2202.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-2202.2-2
  canonical_id: fhlmc-2202.2-2
  section: Freddie Mac Guide 2202.2
  description: '2202.2 Contracting with a Document Custodian: 202-11 (b) Contracting with a Designated Custodian
    (i) Establishing custodial relationship with Designated Custodian Servicers may use a Freddie Mac Designated
    Custodian to hold the Notes for Mortgages they service for Freddie Mac, except as set forth in Sections 2202.2(c)
    and (d…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §2202.2 — Contracting with a Document Custodian (12/17/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '202-11 (b) Contracting with a Designated Custodian (i) Establishing custodial relationship
      with Designated Custodian Servicers may use a Freddie Mac Designated Custodian to hold the Notes for Mortgages
      they service for Freddie Mac, except as set forth in Sections 2202.2(c) and (d). To establish a custodial
      relationship with a Designated Custodian, the Seller/Servicer must complete: ◼ A Tri-Party Agreement on Form
      1035DC, Designated Custodial Agreement: Single- Family Mortgages, for BNYM or Form 1035CS, Designated Custodial
      Agreement: Single-Family Mortgages, for Computershare Trust Company, N.A. (“Computershare”), and ◼ All other
      forms required by, and available from, the Designated Custodian (see Directory 4) Note that Forms 1035DC and
      1035CS differ from Form 1035. (ii) Freddie Mac assignments and notifications Freddie Mac has assigned each
      Designated Custodian a Document Custodian number to insert on the application package and in the Tri-Party
      Agreement. Freddie Mac will review each application and, if approved, will notify the Seller/Servicer of the
      effective date of the related Tri-Party Agreement. Questions about the Designated Custodians and Form 1035DC
      or Form 1035CS should be directed to Freddie Mac (see Directory 1). Questions about BNYMs Designated Custodian
      Registration Forms or Computershare’s customer forms should be directed to the appropriate entity (see Directory
      4). (c) Special requirements – Mortgages sold through Cash-Released XChange (i) Mortgages other than eMortgages
      For Mortgages other than eMortgages, Sellers selling Mortgages to Freddie Mac through Cash-Released XChange,
      and Servicers participating in that process, must use a Document Custodian set forth in Exhibit 43, Cash-Released
      XChange® Document Custodians. If the Document Custodian used by the Seller/Servicer is a Designated Custodian,
      the requirements in Section 2202.2(b) apply; in all other cases, the Seller/Servicer should refer to the requirements
      in Section 2202.2(a).'
    drafter_attestation: Verbatim from Freddie Guide §2202.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-2202.2-3
  canonical_id: fhlmc-2202.2-3
  section: Freddie Mac Guide 2202.2
  description: '2202.2 Contracting with a Document Custodian: 202-12 (ii) eMortgages For deliveries and Transfers
    of Servicing of eMortgages sold through Cash-Released XChange, Seller/Servicers must use Freddie Mac as the
    eNote Custodian (see Directory 4 and Chapter 1402). (d) Special requirements for eMortgages Seller/Servicers
    selling or …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §2202.2 — Contracting with a Document Custodian (12/17/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '202-12 (ii) eMortgages For deliveries and Transfers of Servicing of eMortgages sold through
      Cash-Released XChange, Seller/Servicers must use Freddie Mac as the eNote Custodian (see Directory 4 and Chapter
      1402). (d) Special requirements for eMortgages Seller/Servicers selling or Servicing eMortgages must comply
      with the document custody requirements of Chapter 1402 and the Seller’s other Purchase Documents. (e) Terminating
      the document custodial relationship Any party may terminate a Tri-Party Agreement as set forth in Section
      2202.4. The Document Custodian: ■ Must transfer all Notes and assignments for Mortgages held pursuant to the
      agreement being terminated to a Transferee Document Custodian as described in Sections 2202.4 and 7101.4(c),
      and ■ May not refuse, or fail to fulfill its custodial responsibilities or obligations under the Tri- Party
      Agreement being terminated until all Notes and assignments have been received by the Transferee Document Custodian'
    drafter_attestation: Verbatim from Freddie Guide §2202.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-2202.2-4
  canonical_id: fhlmc-2202.2-4
  section: Freddie Mac Guide 2202.2
  description: '2202.2 Contracting with a Document Custodian: Document Custodian duties and responsibilities (12/17/25)
    This section contains requirements related to: ■ Document Custodian duties to Freddie Mac ■ Seller/Servicer
    and the Document Custodian (a) Document Custodian duties to Freddie Mac Document Custodian covenants to Freddie
    Ma…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §2202.2 — Contracting with a Document Custodian (12/17/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: 'Document Custodian duties and responsibilities (12/17/25) This section contains requirements
      related to: ■ Document Custodian duties to Freddie Mac ■ Seller/Servicer and the Document Custodian (a) Document
      Custodian duties to Freddie Mac Document Custodian covenants to Freddie Mac that it will: 1. Maintain physical
      custody of all Mortgage documents delivered including: ■ Original paper Notes, ■ Addendums, riders, assignments,
      ■ Powers of attorney and modification agreements, and'
    drafter_attestation: Verbatim from Freddie Guide §2202.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-2202.2-5
  canonical_id: fhlmc-2202.2-5
  section: Freddie Mac Guide 2202.2
  description: '2202.2 Contracting with a Document Custodian: 202-13 ■ For Cooperative Share Loans, the documents
    listed in Section 6304.2(b) Such documents include any copies provided to the Document Custodian in trust for
    the benefit of Freddie Mac. Examples: ■ Original executed paper document (other than a Note) – electronically
    recorded…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §2202.2 — Contracting with a Document Custodian (12/17/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '202-13 ■ For Cooperative Share Loans, the documents listed in Section 6304.2(b) Such documents
      include any copies provided to the Document Custodian in trust for the benefit of Freddie Mac. Examples: ■
      Original executed paper document (other than a Note) – electronically recorded: ❑ The Seller/Servicer must
      deliver the original executed paper document and a paper copy of such electronically recorded document (showing
      its recordation information), and ❑ The Document Custodian will maintain such original executed paper document
      and such paper copy of the electronically recorded original paper document ■ Electronically created document
      (other than a Note) – electronically recorded: ❑ The Seller/Servicer must deliver a paper copy of such electronically
      recorded document (containing its recordation information), and ❑ The Document Custodian will maintain such
      paper copy of the electronically recorded Electronic (as defined in Section 1401.1(b)) document ■ Electronically
      created document (other than a Note) – not required by State law to be recorded: ❑ The Seller/Servicer must
      deliver a paper copy of the unrecorded electronically created document, certified by the Seller/Servicer as
      a true and correct copy, and ❑ The Document Custodian will maintain such certified paper copy of the document
      Note: See Sections 1401.3(d) and 1401.3(e) for Seller/Servicer delivery requirements pertaining to Electronic
      recording of closing and post-closing documents. 2. Make available for review by Freddie Mac or its designee,
      at any time during normal business hours, with or without prior notice: ■ Notes and assignments and the facilities
      in which they are stored, ■ Maintenance and release procedures, ■ Control and tracking systems, and ■ Other
      evidence of compliance with eligibility requirements as requested'
    drafter_attestation: Verbatim from Freddie Guide §2202.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-2202.2-6
  canonical_id: fhlmc-2202.2-6
  section: Freddie Mac Guide 2202.2
  description: '2202.2 Contracting with a Document Custodian: 202-14 3. Make the custodial staff available for interview
    by Freddie Mac or its designee at any time during normal business hours, with or without prior notice, for an
    assessment of the staff’s familiarity with and adherence to Freddie Mac’s custodial requirements and the Docume…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §2202.2 — Contracting with a Document Custodian (12/17/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '202-14 3. Make the custodial staff available for interview by Freddie Mac or its designee
      at any time during normal business hours, with or without prior notice, for an assessment of the staff’s familiarity
      with and adherence to Freddie Mac’s custodial requirements and the Document Custodian’s internal controls
      4. Indemnify Freddie Mac for such losses as may occur as a result of any negligence by the Document Custodian
      in the performance of its duties under the Guide and the Tri-Party Agreement pertaining to Freddie Mac Notes
      and assignments in the custody of the Document Custodian 5. Maintain physical custody of the Note and assignments,
      in trust, for the benefit of the Seller/Servicer in circumstances when the Document Custodian receives a completed
      and signed Form 1036, Request for Possession or Control of Documents, from the Seller/Servicer requesting
      constructive possession 6. Provide, in an electronic format acceptable to Freddie Mac, an accounting of all
      Notes and assignments, as described in Section 2202.1(b)(ii)(9), that the Document Custodian has in its physical
      custody: (i) In trust for the benefit of Freddie Mac, or (ii) In trust for the benefit of the Seller/Servicer
      when the Seller/Servicer has constructive possession of the Notes. 7. Consent and agree to conduct Electronic
      Transactions, as defined in Chapter 1401, with the Seller/Servicer and Freddie Mac in connection with its
      functions, duties and obligations under this section and Form 1035, Document Custodial Agreement: Single-
      Family Mortgages 8. Adopt, as its signature and its Electronic Signature (as defined in Section 1401.1(b)),
      its Freddie Mac Document Custodian number and comply with the applicable requirements of Chapter 1401 as if
      each reference to the word “Seller/Servicer” were a reference to the words “Document Custodian” and/or “Designated
      Custodian,” as applicable Freddie Mac may, at any time, and in its sole discretion, require a Document Custodian
      to segregate the Notes and assignments that it maintains, in trust, for the benefit of Freddie Mac from those
      it maintains for other investors. The Document Custodian may not enter into any understanding, agreement or
      relationship with any party by which any such party would obtain, retain or claim any interest (including
      an ownership or security interest) in the Notes and any assignments or the underlying Mortgages, unless otherwise
      specifically and expressly approved by Freddie Mac in writing.'
    drafter_attestation: Verbatim from Freddie Guide §2202.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-2202.2-7
  canonical_id: fhlmc-2202.2-7
  section: Freddie Mac Guide 2202.2
  description: '2202.2 Contracting with a Document Custodian: 202-15 If the Document Custodian’s facilities are
    affected by a disaster, the Document Custodian must promptly notify Freddie Mac (see Directory 9), but such
    notification shall occur no later than 24 hours after the discovery of such disaster, time being of the essence.
    (b) Selle…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §2202.2 — Contracting with a Document Custodian (12/17/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '202-15 If the Document Custodian’s facilities are affected by a disaster, the Document Custodian
      must promptly notify Freddie Mac (see Directory 9), but such notification shall occur no later than 24 hours
      after the discovery of such disaster, time being of the essence. (b) Seller/Servicer and the Document Custodian
      (i) Responsibility for documents and Document Custodian compliance The Seller/Servicer agrees to indemnify
      Freddie Mac and hold Freddie Mac harmless for any loss, damage or expense (including court costs and reasonable
      attorney fees) that Freddie Mac may incur as a result of the Seller/Servicer’s Document Custodian holding
      Notes and any other documents. The Servicer is responsible at all times for the original Note. If a Note is
      lost or destroyed, the Servicer must follow the procedures set forth in Section 8107.1(d). Exception: For
      all Document Custodians, except with respect to the Designated Custodians, the Seller/Servicer is responsible
      for verifying that its Document Custodian complies with all applicable Freddie Mac requirements regarding
      Note custody. Note: Freddie Mac’s Document Custody Procedures Handbook is located and available to Seller/Servicers
      and Document Custodians on the internet at AllRegs.com, or at https://sf.freddiemac.com/working-with-us/selling-delivery/delivery-options-
      pricing/document-custody. Seller/Servicers and Document Custodians will find this handbook to be a useful
      resource in fulfilling these requirements. (ii) Monitoring the eligibility status of the Document Custodian
      The Seller/Servicer is responsible for monitoring its Document Custodian for compliance with Freddie Mac’s
      Document Custodian eligibility requirements and must ensure that the Document Custodian complies with all
      eligibility requirements at all times, with the exception of: ■ The Designated Custodians, and ■ Certification
      and verification services performed outside of the United States by Document Custodians Freddie Mac will monitor
      the Designated Custodians and any activities of Document Custodians that Freddie Mac has contractually authorized
      to be conducted overseas. If, at any time, the Document Custodian (including a Designated Custodian) fails
      to comply with any eligibility requirement or violates a provision of the Guide or Tri-Party Agreement, the
      Seller/Servicer must contact Freddie Mac (see Directory 1) in writing within one day of the Seller/Servicer
      learning of the noncompliance. Freddie Mac, in its discretion, may allow the Seller/Servicer a period of time
      to work with its Document'
    drafter_attestation: Verbatim from Freddie Guide §2202.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-2202.2-8
  canonical_id: fhlmc-2202.2-8
  section: Freddie Mac Guide 2202.2
  description: '2202.2 Contracting with a Document Custodian: 202-16 Custodian to ensure that the Document Custodian
    takes all necessary steps to meet the requirements. Freddie Mac reserves the right to immediately terminate
    a Tri-Party Agreement. Further, Freddie Mac may direct the Seller/Servicer to transfer the Notes to a Designated
    Cust…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §2202.2 — Contracting with a Document Custodian (12/17/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '202-16 Custodian to ensure that the Document Custodian takes all necessary steps to meet the
      requirements. Freddie Mac reserves the right to immediately terminate a Tri-Party Agreement. Further, Freddie
      Mac may direct the Seller/Servicer to transfer the Notes to a Designated Custodian or a new Document Custodian
      pursuant to Sections 2202.1 through 2202.2 and transfer all Notes and assignments for Mortgages serviced for
      Freddie Mac from the previous Document Custodian to the new Document Custodian, pursuant to Section 2202.4(a).
      (iii)Transit insurance requirements Unless the Servicer has agreed with the Document Custodian in writing
      for the Document Custodian to assume liability for Notes and assignments while in transit, the Servicer must
      obtain insurance covering physical damage or destruction to, or loss of, any Notes and assignments while such
      documents are in transit between the Document Custodian’s vault and anywhere, regardless of the means by which
      they are transported. For the purpose of this insurance, Mortgage Notes are to be referred to as “Negotiable
      Instruments” as that term is defined in Section 3-104 of the model Uniform Commercial Code (UCC), promulgated
      by the National Conference of Commissioners on Uniform State Laws and enacted in the applicable State. (A)
      Minimum insurance coverage At a minimum, the required insurance coverage must: ■ Be underwritten by an insurer
      that has an A− (A minus) or better rating according to the A.M. Best Company, ■ Be maintained in amounts that
      are deemed adequate for the number of Notes and assignments held in custody and that are deemed appropriate
      based on prudent business practice, ■ Each have a deductible amount no more than the greater of 5% of the
      Seller/Servicer’s generally accepted accounting principles (GAAP) net worth or $100,000, but in no case greater
      than $10,000,000, and ■ Not exclude from coverage Negotiable Instruments that are, under Article 3 of the
      UCC, bearer paper (e.g., Notes with blank endorsements) with an endorsement that does not identify a payee
      (B) Coverage under parent’s insurance program If a Servicer is covered under its parent’s insurance program
      rather than by its own insurance:'
    drafter_attestation: Verbatim from Freddie Guide §2202.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-2202.2-9
  canonical_id: fhlmc-2202.2-9
  section: Freddie Mac Guide 2202.2
  description: '2202.2 Contracting with a Document Custodian: 202-17 ■ The acceptable deductible amount for each
    insurance coverage may be no more than the greater of 5% of the parent’s GAAP net worth or $100,000, but in
    no case greater than $10,000,000, ■ The Servicer must be a named insured, and ■ The parent’s insurance policy(ies)
    must m…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §2202.2 — Contracting with a Document Custodian (12/17/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: 202-17 ■ The acceptable deductible amount for each insurance coverage may be no more than the
      greater of 5% of the parent’s GAAP net worth or $100,000, but in no case greater than $10,000,000, ■ The Servicer
      must be a named insured, and ■ The parent’s insurance policy(ies) must meet requirements as stated in Section
      2202.3(b)(iii) In the event of cancelation or non-renewal of any of the required insurance coverages, the
      Servicer or the Servicer’s insurer, insurance broker or agent must provide Freddie Mac (see Directory 1) a
      minimum of 30 days advance written notice thereof. Freddie Mac’s insurance requirements as stated in this
      section do not diminish, restrict or otherwise limit the Servicer’s responsibilities and obligations as stated
      in the Tri-Party Agreement or otherwise in the Purchase Documents.
    drafter_attestation: Verbatim from Freddie Guide §2202.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
