Fannie Mae Servicing Guide C-1.1-03 — Automatically Drafting Payments from the Borrower's Bank Account

fnma-svc-c-1-1-03

Fannie Mae Servicing Guide C-1.1-03 — Automatically Drafting Payments from the Borrower's Bank Account.

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      authority: Fannie Mae Servicing Guide C-1.1-03 — Automatically Drafting Payments from the Borrower's Bank Account
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      paragraph_quote: C-1.1-03, Automatically Drafting Payments from the Borrower’s Bank Account (11/12/2014) When automatically drafting a mortgage loan payment from a borrower’s designated bank account, the servicer must draft each payment no later than the date the servicer would accept a mortgage loan payment by other payment methods without penalty. Recent Related Announcements There are no recently issued Announcements related to this topic.

Verbatim regulatory text (1)

Verbatim provisions from Fannie Mae Servicing Guide C-1.1-03 — Automatically Drafting Payments from the Borrower's Bank Account — 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 C-1.1-03 — Automatically Drafting Payments from the Borrower's Bank Account

C-1.1-03, Automatically Drafting Payments from the Borrower’s Bank Account (11/12/2014) When automatically drafting a mortgage loan payment from a borrower’s designated bank account, the servicer must draft each payment no later than the date the servicer would accept a mortgage loan payment by other payment methods without penalty. Recent Related Announcements There are no recently issued Announcements related to this topic.

Source: Fannie Mae Servicing Guide C-1.1-03 — Automatically Drafting Payments from the Borrower's Bank Account · source URL · snapshot cf63a82bbb4adfba

Operationalizing Fannie Mae Servicing Guide C-1.1-03 — Automatically Drafting Payments from the Borrower's Bank Account

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-c-1-1-03/ · register fnma-svc-c-1-1-03 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.