source:
  type: guide
  id: fnma-sel-a3-5-04
  authority: Fannie Mae Selling Guide A3-5-04 — Reporting Fidelity Bond and Errors
    and Omissions Events
  description: Fannie Mae Selling Guide A3-5-04 — Reporting Fidelity Bond and Errors
    and Omissions Events.
  coverage_tier: operative
obligations:
- id: fnma-sel-a3-5-04-full
  canonical_id: fnma-sel-a3-5-04-full
  section: Fannie Mae Selling Guide A3-5-04 — Reporting Fidelity Bond and Errors and
    Omissions Events
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide A3-5-04 — Reporting Fidelity Bond and Errors
      and Omissions Events
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/selling-guide
    snapshot_id: 5f7b8b79da595d76
    fetched_at: '2026-05-25T14:09:57Z'
    content_hash: sha256:98cf85a02861bbe84914a0e339b327c8fc131869a8a573882007bbeea60c5701
    paragraph_quote: 'A3-5-04, Reporting Fidelity Bond and Errors and Omissions Events
      (12/04/2019) Introduction This topic contains information on reporting ﬁdelity
      bond and errors and omissions events. Reporting Fidelity Bond and Errors and
      Omissions Events Reporting Fidelity Bond and Errors and Omissions Events The
      seller/servicer must report to Fannie Mae within 30 days after discovery of
      the occurrence of a single ﬁdelity bond or errors and omissions policy loss
      that is mortgage related and the amount exceeds the lesser of $250,000 or the
      policy’s deductible, even when no claim will be ﬁled or when Fannie Mae’s interest
      will not be aﬀected. In addition, the seller/servicer must report to Fannie
      Mae within ten business days of receipt of a notice from the insurer regarding
      the intended cancellation, reduction, nonrenewal, or restrictive modiﬁcation
      of the seller/servicer’s ﬁdelity bond or errors and omissions policy. The seller/servicer
      must send Fannie Mae a copy of the insurer’s notice, describe in detail the
      reason for the insurer’s action if it is not stated in the notice, and explain
      the eﬀorts it has made to obtain replacement coverage or to otherwise satisfy
      Fannie Mae’s insurance requirements. See E-1-02, List of Contacts for the email
      address for reporting. Recent Related Announcements The table below provides
      references to recently issued Announcements that are related to this topic.
      Announcements Issue Date Announcement SEL-2019-09 December 04, 2019 Published
      May 6, 2026 133 Subpart A4, Maintaining Seller/Servicer Eligibility Introduction
      This subpart contains the requirements to which sellers/servicers must adhere
      in order to maintain their eligibility to transact business with Fannie Mae.
      It describes the ﬁnancial statements, operational reports, and Lender Record
      information that sellers/servicers must submit to Fannie Mae, and it addresses
      the types of organizational changes and events for which sellers/servicers must
      notify Fannie Mae in writing. Chapter A4-1, Maintaining Seller/Servicer Eligibility:
      Overview Introduction This chapter describes the requirements a seller/servicer
      must satisfy to maintain or reactivate its status as a Fannie Mae-approved seller/servicer.
      Reactivated sellers/servicers may again deliver loans to Fannie Mae and/or service
      Fannie Mae loans (and subservice loans for other Fannie Mae-approved servicers).
      It also includes information on the submission of the irrevocable limited power
      of attorney to Fannie Mae.'
  judgment: false
