source:
  type: regulation
  id: fhlmc-8304.3
  authority: Freddie Mac Single-Family Seller/Servicer Guide §8304.3 — Transferring or changing Custodial Accounts
    (09/10/25)
  description: "Freddie Mac Guide §8304.3 (Transferring or changing Custodial Accounts). Gap-fill (verbatim, ID-diff).\
    \ \n"
obligations:
- id: fhlmc-8304.3-0
  canonical_id: fhlmc-8304.3-0
  section: Freddie Mac Guide 8304.3
  description: '8304.3 Transferring or changing Custodial Accounts: (09/10/25) This contains information related
    to: ■ Freddie Mac''s right to remove accounts from specified depositories ■ The Servicer’s right to change or
    transfer accounts ■ Requirements for changing or transferring accounts ■ Liability for Custodial Account transfer
    costs (a) Fr…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §8304.3 — Transferring or changing Custodial Accounts
      (09/10/25)
    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: '(09/10/25) This contains information related to: ■ Freddie Mac''s right to remove accounts
      from specified depositories ■ The Servicer’s right to change or transfer accounts ■ Requirements for changing
      or transferring accounts ■ Liability for Custodial Account transfer costs (a) Freddie Mac''s right to remove
      accounts from specified depositories Freddie Mac reserves the right to determine, at Freddie Mac’s sole discretion,
      that the Servicer may no longer deposit or hold Principal and Interest Payments and Escrow Funds in a particular
      depository. Freddie Mac’s exercise of its rights under this section means that it may expressly prohibit a
      Servicer from maintaining Custodial Accounts with a particular depository. If Freddie Mac determines that
      a depository no longer meets Freddie Mac’s requirements, Freddie Mac will give the Servicer written notice
      to remove the Custodial Accounts. The Servicer must comply with all requirements of the notice and take the
      following actions: ■ Close the Custodial Accounts within the time frame as specified in the notice ■ Open
      new Custodial Accounts in accordance with the requirements of Section 8304.3(c) in an Eligible Depository
      other than the depository specified in the notice (b) The Servicer’s right to change or transfer accounts'
    drafter_attestation: Verbatim from Freddie Guide §8304.3 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-8304.3-1
  canonical_id: fhlmc-8304.3-1
  section: Freddie Mac Guide 8304.3
  description: '8304.3 Transferring or changing Custodial Accounts: 304-6 The Servicer may choose to change Custodial
    Accounts or transfer them to another Eligible Depository. If the Servicer chooses to do so, it must adhere to
    the requirements of Section 8304.3(c). (c) Requirements for changing or transferring accounts Changes to or
    transfers of…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §8304.3 — Transferring or changing Custodial Accounts
      (09/10/25)
    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: '304-6 The Servicer may choose to change Custodial Accounts or transfer them to another Eligible
      Depository. If the Servicer chooses to do so, it must adhere to the requirements of Section 8304.3(c). (c)
      Requirements for changing or transferring accounts Changes to or transfers of Custodial Accounts may result
      from any of the following circumstances: ■ The ineligibility of a depository according to the requirements
      of Section 8304.2(e) ■ A written notice from Freddie Mac to remove the account according to the requirements
      of Section 8304.3(a) ■ The Servicer’s choice to change or transfer the account according to the requirements
      of Section 8304.3(b) ■ A change to the depository’s name, account number or bank routing number (i) Custodial
      Account The Servicer must meet the requirements of Sections 8302.1(b) through 8302.1(d), 8302.2(b) and 8302.2(c)
      to change or transfer any Custodial Account. (ii) Remittance drafting account In addition to meeting the requirements
      above, if there is any change or transfer that affects the Custodial Account the Servicer chose as a remittance
      drafting account, the Servicer must also: 1. Contact Freddie Mac (see Directory 1) 2. Submit the documentation
      required by Section 8302.1(d) at least 15 Business Days before the Servicer plans to use the new account or
      modified bank routing instruction 3. Continue to use the existing account or bank routing instructions until
      Freddie Mac gives the Servicer written authorization to use the new account or modified bank routing instructions
      4. Transfer funds from the former Custodial Account to the new Custodial Account when the Servicer receives
      Freddie Mac’s written notice that Freddie Mac has processed the new remittance instructions If Freddie Mac
      drafts and funds are not available because the Servicer changed its drafting account without receiving Freddie
      Mac’s written authorization, the Servicer will'
    drafter_attestation: Verbatim from Freddie Guide §8304.3 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-8304.3-2
  canonical_id: fhlmc-8304.3-2
  section: Freddie Mac Guide 8304.3
  description: '8304.3 Transferring or changing Custodial Accounts: 304-7 be subject to an interest reimbursement
    compensatory fee as set forth in Section 8303.5(g). (d) Liability for Custodial Account transfer costs Freddie
    Mac will not be liable to the Servicer for any costs, fees, penalties, loss of interest income or any other
    expenses direct…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §8304.3 — Transferring or changing Custodial Accounts
      (09/10/25)
    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: 304-7 be subject to an interest reimbursement compensatory fee as set forth in Section 8303.5(g).
      (d) Liability for Custodial Account transfer costs Freddie Mac will not be liable to the Servicer for any
      costs, fees, penalties, loss of interest income or any other expenses directly or indirectly resulting from
      the transfer of any Custodial Account from one depository to another. Refer to Sections 8304.2(e) through
      8304.3(b). This applies whether Freddie Mac requires the Servicer, or the Servicer chooses, to transfer the
      Custodial Account.
    drafter_attestation: Verbatim from Freddie Guide §8304.3 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
