Fannie Mae Servicing Guide B-2-04 — Individual Property Insurance Requirements for Units in Project Developments
Fannie Mae Servicing Guide B-2-04 — Individual Property Insurance Requirements for Units in Project Developments.
Verbatim regulatory text
Verbatim provisions from Fannie Mae Servicing Guide B-2-04 — Individual Property Insurance Requirements for Units in Project Developments — 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 Servicing Guide B-2-04 — Individual Property Insurance Requirements for Units in Project Developments
B-2-04, Individual Property Insurance Requirements for Units in Project Developments (12/21/2022) Refer to Selling Guide B7-3-04, Individual Property Insurance Requirements for a Unit in a Project Development for property insurance requirements for mortgage loans secured by a unit in a project development, including determining if an individual property insurance policy on a unit in a project development is required, coverage requirements, determining the required coverage amount, and deductible requirements. Refer to Selling Guide B7-3-08, Mortgagee Clause, Name Insured, and Notice of Cancellation Requirements for the applicable requirements for mortgage loans secured by a unit in a project development. Chapter B-3, Flood Insurance Requirements Introduction This chapter describes requirements for flood insurance.
Operationalizing Fannie Mae Servicing Guide B-2-04 — Individual Property Insurance Requirements for Units in Project Developments
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-svc-b-2-04/
· register fnma-svc-b-2-04 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.