Freddie Mac Single-Family Seller/Servicer Guide 4703.5 — Liability insurance for Condominium Projects and Cooperative Projects
Freddie Mac Single-Family Seller/Servicer Guide section 4703.5 — Liability insurance for Condominium Projects and Cooperative Projects. Full verbatim section text, substring-verified against snapshot b2a8502812eeb077.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 4703.5 — Liability insurance for Condominium Projects and Cooperative Projects — 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 4703.5 — Liability insurance for Condominium Projects and Cooperative Projects
This section contains: ■ General requirements for liability insurance ■ Coverage requirements Effective for Mortgages with Application Received Dates on or after August 3, 2026. (a) General requirements for liability insurance Liability insurance is required for all Condominium Projects and Cooperative Projects, except for: ■ Condominium Projects and Condominium Unit Mortgages that meet the requirements in Section 5701.7 and are delivered as Exempt From Review ■ Cooperative Projects and Cooperative Share Loans that meet the requirements in Section 5705.7 and are delivered as Exempt From Review ■ Freddie Mac Enhanced Relief Refinance® Mortgages (b) Coverage requirements The condominium homeowners association or Cooperative Corporation must maintain commercial general liability (CGL) insurance covering all common areas, Common Elements, commercial spaces and public ways in the Condominium Project or Cooperative Project. If not already included in the terms of the CGL coverage, there must be a “severability of interest” endorsement precluding the insurer’s denial of a unit owner’s claim because of negligent acts by the association, corporation or other unit owners. The insurer’s limit of liability per occurrence for personal injury, bodily injury or property damage under the terms of the above coverages must be at least $1 million, and the coverage must provide for claim settlements on an occurrence basis.
Get this regulation in your AI window
Bulletins replace Guide sections, and the old text stays widely quoted. An assistant will answer from a version a later Bulletin already retired. Put the verbatim text and its effective date in front of your assistant, instead of whatever it remembers.
Add to Claude shows the one-time setup: paste one address, no account with us. Add to ChatGPT adds the free C4C app from ChatGPT’s app directory. Either way it’s free.
Get notified if this rule changes
One email when Freddie Mac Single-Family Seller/Servicer Guide 4703.5 — Liability insurance for Condominium Projects and Cooperative Projects changes: what changed, the new verbatim text, and the effective date. Nothing else.
Double opt-in: we send a confirmation link first. Following one section does not subscribe you to anything else. Privacy.
Source of record: https://claudeforcompliance.com/regs/fhlmc-4703-5/
· register fhlmc-4703-5 · verbatim, source-snapshotted regulator text from the
Claude for Compliance corpus. To work from every register at once, download the corpus
and follow the methodology.