Fannie Mae Servicing Guide E-4.4-03 — Canceling Flood Insurance Coverage for Acquired Properties
Fannie Mae Servicing Guide E-4.4-03 — Canceling Flood Insurance Coverage for Acquired Properties.
Verbatim regulatory text
Verbatim provisions from Fannie Mae Servicing Guide E-4.4-03 — Canceling Flood Insurance Coverage for Acquired Properties — 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-4.4-03 — Canceling Flood Insurance Coverage for Acquired Properties
E-4.4-03, Canceling Flood Insurance Coverage for Acquired Properties (11/13/2019) When the property is acquired by Fannie Mae, the servicer must notify the flood insurance carrier to cancel flood insurance coverage and send it any unearned premium refund, unless prohibited by the policy or applicable law, within 14 days after the foreclosure sale or acceptance of an executed Mortgage Release. Any inquiries regarding the cancellation of flood insurance should be addressed to Fannie Mae’s CPM division (see F-4-02, List of Contacts). For information regarding the servicer’s responsibilities prior to liquidation for maintaining required flood insurance coverage and addressing insurable damage or potential damage due to a disaster event, see B-3-01, Flood Insurance Requirements Applicable to All Property Types, B-5-01, Insured Loss Events, and D1-3-01, Evaluating the Impact of a Disaster Event and Assisting a Borrower.
Operationalizing Fannie Mae Servicing Guide E-4.4-03 — Canceling Flood Insurance Coverage for Acquired Properties
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Source of record: https://claudeforcompliance.com/regs/fnma-svc-e-4-4-03/
· register fnma-svc-e-4-4-03 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.