source:
  type: guide
  id: fnma-svc-b-2-04
  authority: Fannie Mae Servicing Guide B-2-04 — Individual Property Insurance Requirements
    for Units in Project Developments
  description: Fannie Mae Servicing Guide B-2-04 — Individual Property Insurance Requirements
    for Units in Project Developments.
  coverage_tier: operative
obligations:
- id: fnma-svc-b-2-04-full
  canonical_id: fnma-svc-b-2-04-full
  section: Fannie Mae Servicing Guide B-2-04 — Individual Property Insurance Requirements
    for Units in Project Developments
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide B-2-04 — Individual Property Insurance Requirements
      for Units in Project Developments
    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: B-2-04, Individual Property Insurance Requirements for Units
      in Project Developments (12/21/2022) Refer to Selling Guide B7-3-04, Individual
      Property Insurance Requirements for a Unit in a Project Development for property
      insurance requirements for mortgage loans secured by a unit in a project development,
      including determining if an individual property insurance policy on a unit in
      a project development is required, coverage requirements, determining the required
      coverage amount, and deductible requirements. Refer to Selling Guide B7-3-08,
      Mortgagee Clause, Name Insured, and Notice of Cancellation Requirements for
      the applicable requirements for mortgage loans secured by a unit in a project
      development. Recent Related Announcements The table below provides references
      to recently issued Announcements that are related to this topic. Announcements
      Issue Date Announcement SVC-2022-08 December 21, 2022 Chapter B-3, Flood Insurance
      Requirements Introduction This chapter describes requirements for ﬂood insurance.
      Published May 13, 2026 175
  judgment: false
