Fannie Mae Servicing Guide A2-3-06 — Prepayment Premiums

fnma-svc-a2-3-06

Fannie Mae Servicing Guide A2-3-06 — Prepayment Premiums.

Get this register: .xlsx .csv More bundles →

Verbatim regulatory text (1)

Verbatim provisions from Fannie Mae Servicing Guide A2-3-06 — Prepayment Premiums — 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 A2-3-06 — Prepayment Premiums

A2-3-06, Prepayment Premiums (11/12/2014) The servicer must not collect prepayment premiums from the borrower when a mortgage loan is paid in full —unless the mortgage loan was delivered under a negotiated contract that specifically permitted enforcement of the provisions of the mortgage documents that authorized the charging of a premium for prepayments. Even then, the servicer must not charge the prepayment premium when the mortgage debt is accelerated as the result of the borrower’s default in making their mortgage loan payments. If the servicer collects prepayment premiums under the terms of a negotiated contract, it must report any prepayment premium it collects for a given mortgage loan (even if the premium is not remitted to Fannie Mae) as part of the monthly activity information it provides through Fannie Mae’s investor reporting system. Recent Related Announcements There are no recently issued Announcements related to this topic. Chapter A2-4, Fannie Mae’s Quality Control Review Introduction This chapter contains information on Fannie Mae’s quality control review.

Source: Fannie Mae Servicing Guide A2-3-06 — Prepayment Premiums · source URL · snapshot cf63a82bbb4adfba

Operationalizing Fannie Mae Servicing Guide A2-3-06 — Prepayment Premiums

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-a2-3-06/ · register fnma-svc-a2-3-06 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.