Fannie Mae Servicing Guide E-2.2-03 — Managing Chapter 12 Bankruptcies

fnma-svc-e-2-2-03

Fannie Mae Servicing Guide E-2.2-03 — Managing Chapter 12 Bankruptcies.

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  authority: Fannie Mae Servicing Guide E-2.2-03 — Managing Chapter 12 Bankruptcies
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      paragraph_quote: 'E-2.2-03, Managing Chapter 12 Bankruptcies (11/12/2014) Because there will not be many Chapter 12 ﬁlings for all Fannie Mae mortgage loans, each case must be handled according to its speciﬁc circumstances. The servicer and the law ﬁrm (if the case is referred) must decide the actions that need to be taken. The timelines for completing a Chapter 12 bankruptcy are described in the following table. If the mortgage loan… Then the time frame for completing a Chapter 12 bankruptcy is… was current or less than 60 days delinquent when the borrower ﬁled bankruptcy ﬁve months and two weeks from the earlier of • the 60th day of delinquency, or • the date of referral to a law ﬁrm. was greater than or equal to 60 days delinquent or in foreclosure when the borrower ﬁled bankruptcy ﬁve months and two weeks from the date of the bankruptcy ﬁling. becomes 60 days delinquent pursuant to the plan, post-conﬁrmation two months and two weeks from the 60th day of delinquency, and the servicer must • verify that all previous payments have been properly applied, and • send a new referral to the law ﬁrm no later than two weeks from the 60th day of delinquency to seek relief from the automatic stay or a dismissal of the case in accordance with local bankruptcy rules and practices. Published May 13, 2026 428 Case completion for a Chapter 12 bankruptcy proceeding is deﬁned as any of the following: the termination of the automatic stay, the case being dismissed or closed, when the trustee abandons all interest in the secured property, or when the Chapter 12 plan is conﬁrmed. Recent Related Announcements There are no recently issued Announcements related to this topic.'

Verbatim regulatory text (1)

Verbatim provisions from Fannie Mae Servicing Guide E-2.2-03 — Managing Chapter 12 Bankruptcies — 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 E-2.2-03 — Managing Chapter 12 Bankruptcies

E-2.2-03, Managing Chapter 12 Bankruptcies (11/12/2014) Because there will not be many Chapter 12 ﬁlings for all Fannie Mae mortgage loans, each case must be handled according to its speciﬁc circumstances. The servicer and the law ﬁrm (if the case is referred) must decide the actions that need to be taken. The timelines for completing a Chapter 12 bankruptcy are described in the following table. If the mortgage loan… Then the time frame for completing a Chapter 12 bankruptcy is… was current or less than 60 days delinquent when the borrower ﬁled bankruptcy ﬁve months and two weeks from the earlier of • the 60th day of delinquency, or • the date of referral to a law ﬁrm. was greater than or equal to 60 days delinquent or in foreclosure when the borrower ﬁled bankruptcy ﬁve months and two weeks from the date of the bankruptcy ﬁling. becomes 60 days delinquent pursuant to the plan, post-conﬁrmation two months and two weeks from the 60th day of delinquency, and the servicer must • verify that all previous payments have been properly applied, and • send a new referral to the law ﬁrm no later than two weeks from the 60th day of delinquency to seek relief from the automatic stay or a dismissal of the case in accordance with local bankruptcy rules and practices. Published May 13, 2026 428 Case completion for a Chapter 12 bankruptcy proceeding is deﬁned as any of the following: the termination of the automatic stay, the case being dismissed or closed, when the trustee abandons all interest in the secured property, or when the Chapter 12 plan is conﬁrmed. Recent Related Announcements There are no recently issued Announcements related to this topic.

Source: Fannie Mae Servicing Guide E-2.2-03 — Managing Chapter 12 Bankruptcies · source URL · snapshot cf63a82bbb4adfba