Fannie Mae Selling Guide B3-4.2-05 — Foreign Assets
Fannie Mae Selling Guide B3-4.2-05 — Foreign Assets.
Verbatim regulatory text
Verbatim provisions from Fannie Mae Selling Guide B3-4.2-05 — Foreign Assets — 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 Selling Guide B3-4.2-05 — Foreign Assets
B3-4.2-05, Foreign Assets (05/04/2022) Introduction This topic provides information on the use of assets that are located outside the United States and its territories. Requirements for Foreign Assets Requirements for Foreign Assets The lender must document all sources of funds used for down payments, closing costs and financial reserves. All documents of a foreign origin must be completed in English, or the originator must provide a translation, attached to each document, and ensure the translation is complete and accurate. When the source of those funds originates from assets located outside of the U.S. and its territories, those assets require documented evidence of the foreign assets exchanged into U.S. dollars and held in a U.S. or state regulated financial institution, and verification of the funds in U.S. dollars prior to the loan closing. The lender must evaluate large deposits in accordance with B3-4.2-02, Depository Accounts.
Operationalizing Fannie Mae Selling Guide B3-4.2-05 — Foreign Assets
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/fnma-sel-b3-4-2-05/
· register fnma-sel-b3-4-2-05 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.