source:
  type: guide
  id: fnma-svc-a2-3-04
  authority: Fannie Mae Servicing Guide A2-3-04 — Late Charges as Compensation
  description: Fannie Mae Servicing Guide A2-3-04 — Late Charges as Compensation.
  coverage_tier: operative
obligations:
- id: fnma-svc-a2-3-04-full
  canonical_id: fnma-svc-a2-3-04-full
  section: Fannie Mae Servicing Guide A2-3-04 — Late Charges as Compensation
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide A2-3-04 — Late Charges as Compensation
    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: 'A2-3-04, Late Charges as Compensation (12/11/2019) The servicer
      may collect late charges, and if it does, it must do so in compliance with the
      requirements set forth in Selling Guide B8-3-02: Special Note Provisions and
      Language Requirements. Also, see C-1.1-01, Servicer Responsibilities for Processing
      Mortgage Loan Payments for Fannie Mae requirements regarding application of
      payments, including late charges. The servicer must report the amount of late
      charges it collects each month for a given mortgage loan as part of Published
      May 13, 2026 90 the monthly activity information it provides through Fannie
      Mae’s investor reporting system. See the Investor Reporting Manual for additional
      information. Recent Related Announcements The table below provides references
      to recently issued Announcements that are related to this topic. Announcements
      Issue Date Announcement SVC-2019-08 December 11, 2019'
  judgment: false
