Freddie Mac Single-Family Seller/Servicer Guide 1401 — Electronic Transactions

Freddie Mac Single-Family Seller/Servicer Guide 1401 — Electronic Transactions

Terms used in this chapter E Freddie Mac Single-Family Seller/Servicer Bulletin Electronic Relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities, as defined in the “UETA” and/or “E-SIGN” Electronic Record A “Record” created, generated, sent, communicated, received, or stored by “Electronic” means, as defined in the “UETA” and/or “E-SIGN.” The term also includes a paper document converted into an Electronic Record. Electronic Signature An “Electronic” sound, symbol or process attached to, or logically associated with, a contract or other “Record” and executed or adopted by a person with the intent to sign the “Record,” as defined in the “UETA” and/or “E-SIGN” Electronic Transaction An action or set of actions occurring between two or more persons relating to the conduct of business, commercial, or governmental affairs, using “Electronic” means, as defined in the “UETA” and/or “E-SIGN” R Record Information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form as defined in the “UETA” and/or “ESIGN.” A Record may be a paper or an “Electronic” document. (ii) Other provisions related to reporting requirements The Servicer should refer to the following sections and chapters for information on reporting requirements: Other Guide provisions related to reporting requirements Guide provision Guide location Default reporting requirements Sections 9102.6(a) and 9102.6(b) Mortgages for which a Servicer is pursuing an alternative to foreclosure Section 9102.6(c) Monthly loan-level exception and nonexception activity reporting Chapters 8301 and 8303 (iii)Compliance obligations Freddie Mac Single-Family Seller/Servicer Bulletin To service Mortgages using any and all of the Servicing Tools, the Servicer must comply with: ■ The terms and conditions of Chapters 2401 through 2408 (including any third-party terms and conditions referenced in Chapter 2407) ■ Other applicable Guide provisions, and ■ The Servicer’s other Purchase Documents (b) Freddie Mac Servicing Tools incorporated into the guide The Servicing Tools, including, without limitation, all visual content displayed on screens and pages, system processes, system rules, terms and conditions, privacy policy, user guides and instructions, are, by this reference, incorporated into and made a part of the Guide and other Purchase Documents.

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