Freddie Mac Single-Family Seller/Servicer Guide 1302.7 — Information security and other requirements for Related Third Parties
Freddie Mac Single-Family Seller/Servicer Guide section 1302.7 — Information security and other requirements for Related Third Parties. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 1302.7 — Information security and other requirements for Related Third Parties — 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.
Freddie Mac Single-Family Seller/Servicer Guide 1302.7 — Information security and other requirements for Related Third Parties
Seller/Servicers must: ■ Require any Related Third Party to: ❑ Comply with requirements substantially similar to those imposed on the Seller/Servicer under Chapter 1302 ❑ Refrain from interfering with or impairing any obligations of the Seller/Servicer to Freddie Mac, under a Purchase Document or elsewhere, of which any member of the Related Third Party’s Senior Management has actual knowledge ■ Designate Freddie Mac as an express, intended third-party beneficiary of each agreement with a Related Third Party, a breach of which may have a Material Adverse Effect and include in the agreement the obligations referenced above. Notwithstanding the foregoing, the third-party designation requirement shall not apply to agreements with any of the Seller/Servicer’s counterparties that have direct relationship(s) with Freddie Mac relative to the same subject matter and Freddie Mac has direct standing to enforce the terms of the subject agreement. (MIs, credit bureaus or Warehouse Lenders, for example, may qualify as such counterparties.) In determining whether the third-party designation requirement applies to a specific counterparty, the Seller/Servicer shall seek clarification from Freddie Mac. ■ Indemnify Freddie Mac and its directors, officers, employees, agents, successors and assigns and hold each harmless from and against any and all liabilities, losses, claims, actions, damages, including, but not limited to, indirect, incidental, special or consequential damages, whether foreseeable or not, judgments, costs and expenses, including reasonable attorneys’ fees, arising directly or indirectly out of or relating to any breach of a Seller/Servicer representation, warranty, covenant and/or obligation under Chapter 1302, whether such breach arises out of its own action or inaction or the action or inaction of a Related Third Party or of any Seller/Servicer or Related Third Party director, officer, employee, subcontractor, partner, principal, agent, successor or assign. Freddie Mac shall provide the Seller/Servicer with notice of any such claim after it comes to Freddie Mac’s attention.
Operationalizing Freddie Mac Single-Family Seller/Servicer Guide 1302.7 — Information security and other requirements for Related Third Parties
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.
To work from the whole rulebook rather than this one page: download the corpus — every register on this site, verbatim, each with its source snapshot and effective date — then follow the methodology. It asks your assistant to answer only from the downloaded text, cite the register id and effective date it used, and tell you when the corpus does not cover something instead of filling the gap from memory. Running it locally also means no one sees which regulations you are looking at.
Source of record: https://claudeforcompliance.com/regs/fhlmc-1302-7/
· register fhlmc-1302-7 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.