Fannie Mae Servicing Guide A2-3-04 — Late Charges as Compensation

fnma-svc-a2-3-04

Fannie Mae Servicing Guide A2-3-04 — Late Charges as Compensation.

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source:
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  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.
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obligations:
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    section: Fannie Mae Servicing Guide A2-3-04 — Late Charges as Compensation
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    tags:
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      - servicing-guide
      - corpus-expansion
      - tier-operative
    primary_source:
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      authority: Fannie Mae Servicing Guide A2-3-04 — Late Charges as Compensation
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      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'

Verbatim regulatory text (1)

Verbatim provisions from Fannie Mae Servicing Guide A2-3-04 — Late Charges as Compensation — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

Fannie Mae Servicing Guide A2-3-04 — Late Charges as Compensation

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

Source: Fannie Mae Servicing Guide A2-3-04 — Late Charges as Compensation · source URL · snapshot cf63a82bbb4adfba

Operationalizing Fannie Mae Servicing Guide A2-3-04 — Late Charges as Compensation

This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.

Source of record: https://claudeforcompliance.com/regs/fnma-svc-a2-3-04/ · register fnma-svc-a2-3-04 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.