Fannie Mae Servicing Guide C-1.2-04 — Satisfying the Mortgage Loan and Releasing the Lien

fnma-svc-c-1-2-04

Fannie Mae Servicing Guide C-1.2-04 — Satisfying the Mortgage Loan and Releasing the Lien.

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source:
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  authority: Fannie Mae Servicing Guide C-1.2-04 — Satisfying the Mortgage Loan and Releasing the Lien
  description: Fannie Mae Servicing Guide C-1.2-04 — Satisfying the Mortgage Loan and Releasing the Lien.
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    tags:
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      authority: Fannie Mae Servicing Guide C-1.2-04 — Satisfying the Mortgage Loan and Releasing the Lien
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      paragraph_quote: 'C-1.2-04, Satisfying the Mortgage Loan and Releasing the Lien (05/15/2019) Introduction This topic contains the following: Published May 13, 2026 215 Overview Satisfying the Mortgage Loan When Fannie Mae Is the Mortgagee of Record Satisfying the Mortgage Loan When Fannie Mae Is Not the Mortgagee of Record Overview Once payoﬀ funds are received, the servicer must take all actions necessary to satisfy a mortgage loan, including recording a release of lien in the real property records, in a timely manner. In addition, the servicer must determine and execute the appropriate satisfaction documents for the payoﬀ of an electronic mortgage loan, based on the requirements of the state in which the security property is located. For speciﬁc instructions, the servicer must follow the procedure Satisfying the Mortgage Loan and Releasing the Lien in F-1-09, Processing Mortgage Loan Payments and Payoﬀs. The servicer may request reimbursement of recording fees that cannot be legally charged to the borrower in accordance with Reimbursement for Recording Costs Associated with a Mortgage Loan Satisfaction or Charge-Oﬀ in F-1-05, Expense Reimbursement. Satisfying the Mortgage Loan When Fannie Mae Is the Mortgagee of Record The servicer that does not have a LPOA (or that has a power of attorney that does not cover release and satisfaction documents) must send any required release or satisfaction documents to Fannie Mae for execution, whether or not Fannie Mae is holding the custody documents. Satisfying the Mortgage Loan When Fannie Mae Is Not the Mortgagee of Record If Fannie Mae is not the mortgagee of record for a mortgage loan, the servicer must execute any required satisfaction documents in its own name (or in MERS’ name, if applicable for a MERS-registered mortgage loan). Recent Related Announcements The table below provides references to recently issued Announcements that are related to this topic. Announcements Issue Date Announcement SVC-2019-03 May 15, 2019'

Verbatim regulatory text (1)

Verbatim provisions from Fannie Mae Servicing Guide C-1.2-04 — Satisfying the Mortgage Loan and Releasing the Lien — 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-1.2-04 — Satisfying the Mortgage Loan and Releasing the Lien

C-1.2-04, Satisfying the Mortgage Loan and Releasing the Lien (05/15/2019) Introduction This topic contains the following: Published May 13, 2026 215 Overview Satisfying the Mortgage Loan When Fannie Mae Is the Mortgagee of Record Satisfying the Mortgage Loan When Fannie Mae Is Not the Mortgagee of Record Overview Once payoﬀ funds are received, the servicer must take all actions necessary to satisfy a mortgage loan, including recording a release of lien in the real property records, in a timely manner. In addition, the servicer must determine and execute the appropriate satisfaction documents for the payoﬀ of an electronic mortgage loan, based on the requirements of the state in which the security property is located. For speciﬁc instructions, the servicer must follow the procedure Satisfying the Mortgage Loan and Releasing the Lien in F-1-09, Processing Mortgage Loan Payments and Payoﬀs. The servicer may request reimbursement of recording fees that cannot be legally charged to the borrower in accordance with Reimbursement for Recording Costs Associated with a Mortgage Loan Satisfaction or Charge-Oﬀ in F-1-05, Expense Reimbursement. Satisfying the Mortgage Loan When Fannie Mae Is the Mortgagee of Record The servicer that does not have a LPOA (or that has a power of attorney that does not cover release and satisfaction documents) must send any required release or satisfaction documents to Fannie Mae for execution, whether or not Fannie Mae is holding the custody documents. Satisfying the Mortgage Loan When Fannie Mae Is Not the Mortgagee of Record If Fannie Mae is not the mortgagee of record for a mortgage loan, the servicer must execute any required satisfaction documents in its own name (or in MERS’ name, if applicable for a MERS-registered mortgage loan). Recent Related Announcements The table below provides references to recently issued Announcements that are related to this topic. Announcements Issue Date Announcement SVC-2019-03 May 15, 2019

Source: Fannie Mae Servicing Guide C-1.2-04 — Satisfying the Mortgage Loan and Releasing the Lien · source URL · snapshot cf63a82bbb4adfba

Operationalizing Fannie Mae Servicing Guide C-1.2-04 — Satisfying the Mortgage Loan and Releasing the Lien

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-1-2-04/ · register fnma-svc-c-1-2-04 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.