Freddie Mac Single-Family Seller/Servicer Guide 4703.7 — Localized perils insurance

fhlmc-4703-7

Freddie Mac Single-Family Seller/Servicer Guide Section 4703.7 — Localized perils insurance.

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source:
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  id: fhlmc-4703.7
  authority: Freddie Mac Single-Family Seller/Servicer Guide 4703.7 — Localized perils insurance
  description: Freddie Mac Single-Family Seller/Servicer Guide Section 4703.7 — Localized perils insurance.
  coverage_tier: operative
  effective_date: '2020-06-10'
obligations:
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    canonical_id: fhlmc-4703.7-full
    section: Freddie Mac Single-Family Seller/Servicer Guide 4703.7 — Localized perils insurance
    description: If the Seller/Servicer becomes aware of localized perils (i.e., sinkhole, mine subsidence, volcanic eruption, landslides) that are not covered by standard property insurance, then the Seller/Servicer must require the Borrower to obtain appropriate insurance coverage in accordance with the terms of the Security Instrument and applicable law.
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      authority: Freddie Mac Single-Family Seller/Servicer Guide 4703.7 — Localized perils insurance
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      paragraph_quote: If the Seller/Servicer becomes aware of localized perils (i.e., sinkhole, mine subsidence, volcanic eruption, landslides) that are not covered by standard property insurance, then the Seller/Servicer must require the Borrower to obtain appropriate insurance coverage in accordance with the terms of the Security Instrument and applicable law.
      drafter_attestation: Verbatim from Freddie Mac Seller/Servicer Guide 4703.7, snapshot 4c94f67729042dd6; substring-verified against the snapshot (raw projection) on 2026-08-23.
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Verbatim regulatory text (1)

Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 4703.7 — Localized perils insurance — 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 4703.7 — Localized perils insurance

Effective 2020-06-10 · Freddie Mac's stamp for this section

If the Seller/Servicer becomes aware of localized perils (i.e., sinkhole, mine subsidence, volcanic eruption, landslides) that are not covered by standard property insurance, then the Seller/Servicer must require the Borrower to obtain appropriate insurance coverage in accordance with the terms of the Security Instrument and applicable law.

Source: Freddie Mac Single-Family Seller/Servicer Guide 4703.7 — Localized perils insurance · source URL · snapshot 4c94f67729042dd6

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Source of record: https://claudeforcompliance.com/regs/fhlmc-4703-7/ · register fhlmc-4703-7 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.