FHLMC Single-Family Seller/Servicer Guide Chapter 1301 — General Responsibilities of the Seller/Servicer

fhlmc-1301

Freddie Mac Guide Chapter 1301 sets out the Seller/Servicer's general responsibilities to Freddie Mac: data-submission warranties, compliance with all applicable federal/State/local laws (incl. ECOA, FCRA, GLBA, TILA, RESPA, FDCPA, BSA/AML, OFAC, FTC Act, Bankruptcy Code, E-SIGN/UETA), OFAC screening with 24-hour match notification, BSA/AML compliance and Suspicious Activity reporting, fair lending practices, fair-lending data-element retention by Servicers, incident-response programs with breach notification, and HERA diversity-and-inclusion requirements. Selling-side coverage gap previously identified in CSH library audit.

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source:
  type: regulation
  id: fhlmc-1301
  authority: FHLMC Single-Family Seller/Servicer Guide Chapter 1301 — General Responsibilities of the Seller/Servicer
  description: |
    Freddie Mac Guide Chapter 1301 sets out the Seller/Servicer's general
    responsibilities to Freddie Mac: data-submission warranties,
    compliance with all applicable federal/State/local laws (incl.
    ECOA, FCRA, GLBA, TILA, RESPA, FDCPA, BSA/AML, OFAC, FTC Act,
    Bankruptcy Code, E-SIGN/UETA), OFAC screening with 24-hour match
    notification, BSA/AML compliance and Suspicious Activity reporting,
    fair lending practices, fair-lending data-element retention by
    Servicers, incident-response programs with breach notification,
    and HERA diversity-and-inclusion requirements. Selling-side
    coverage gap previously identified in CSH library audit.
obligations:
  - id: fhlmc-1301-submitted-data-true-complete-accurate
    canonical_id: fhlmc-1301-submitted-data-true-complete-accurate
    section: Freddie Mac Guide Section 1301.1 — Submission of data to Freddie Mac
    description: |
      [LENDER], as Seller/Servicer, warrants that all data and/or other
      information it submits to Freddie Mac is true, complete and
      accurate. [LENDER] further agrees to complete all Freddie Mac
      forms according to the instructions or guidance provided by
      Freddie Mac.
    type: do
    audit_question: For every data submission to Freddie Mac (loan delivery, Servicing reporting, Form submissions), can [LENDER] evidence that the data was true, complete and accurate at the time of submission and that all Freddie Mac forms were completed per Freddie Mac instructions?
    program_review: Do the P&Ps/QC ensure that every data submission to Freddie Mac (loan delivery, Servicing reporting, Form submissions) is verified true, complete and accurate at submission, and that all Freddie Mac forms are completed per Freddie Mac instructions?
    file_review: Pull a sample of submissions; trace submitted data back to file source and confirm form completion followed Freddie Mac instructions. The compliance person judges whether the data was accurate/complete at the time of submission.
    judgment: true
    feeds: []
    workflow_phase: post_close_qc
    owner_role: post_closing_specialist
    secondary_owner_role: compliance_officer
    cadence: per-submission
    consequence: FHLMC repurchase demand; reps-and-warranties breach; counterparty-status downgrade.
    tags:
      - round-d
      - regulator-direct
      - fhlmc
      - freddie-mac
      - seller-servicer
      - data-warranty
      - reps-and-warranties
      - promoted
    primary_source:
      tier: 1
      authority: Freddie Mac Single-Family Seller/Servicer Guide Section 1301.1
      source_class: fhlmc-guide
      source_url: https://guide.freddiemac.com/ci/okcsFattach/get/3046538_4
      snapshot_id: fbba421721d90cb1
      fetched_at: '2026-05-25T14:10:06Z'
      content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
      paragraph_quote: |
        The Seller/Servicer warrants that all data and/or other information submitted to Freddie Mac is
      drafter_attestation: |
        Copied verbatim from snapshot fbba421721d90cb1 (FHLMC Single-Family
        Seller/Servicer Guide consolidated PDF, downloaded 2026-05-25).
        Section 1301.1 chapeau sentence.
    promoted_at: '2026-05-25T17:33:43+00:00'
    promoted_from: fhlmc-1301-roundd-v1.yaml
  - id: fhlmc-1301-comply-with-applicable-laws
    canonical_id: fhlmc-1301-comply-with-applicable-laws
    section: Freddie Mac Guide Section 1301.2(a) — Compliance with applicable law
    description: |
      [LENDER], as Seller/Servicer, agrees to comply with all applicable
      federal, State and local laws, ordinances, regulations, orders and
      regulator guidance (collectively, "Applicable Laws"), including
      without limitation: Title VI of the Civil Rights Act of 1964,
      Title VIII of the Civil Rights Act of 1968 (Fair Housing Act),
      Section 527 of the National Housing Act, the Equal Credit
      Opportunity Act, the Fair Credit Reporting Act, the Gramm-Leach-
      Bliley Act and other consumer-protection / data-privacy laws,
      Executive Order 11063 on Equal Opportunity in Housing, the OFAC
      Regulations (31 C.F.R. Chapter V), the Bank Secrecy Act / Money
      Laundering Control Act / Title III of the USA PATRIOT Act / the
      Anti-Money Laundering Act of 2020, Section 5 of the FTC Act, the
      Truth in Lending Act, the Real Estate Settlement Procedures Act,
      the Fair Debt Collection Practices Act, the Homeowners
      Protection Act of 1998, the U.S. Bankruptcy Code, E-SIGN, and
      applicable State UETAs.
    type: do
    audit_question: Can [LENDER] evidence a compliance program that addresses each of the enumerated Applicable Laws in Section 1301.2(a) (ECOA, FCRA, GLBA, OFAC, BSA/AML, FTC Act 5, TILA, RESPA, FDCPA, HPA, Bankruptcy Code, E-SIGN/UETA, Fair Housing Act, etc.) for Freddie Mac-sold and Freddie Mac-serviced Mortgages?
    program_review: Does the compliance program address each enumerated Applicable Law in 1301.2(a) (ECOA, FCRA, GLBA, OFAC, BSA/AML, FTC Act 5, TILA, RESPA, FDCPA, HPA, Bankruptcy Code, E-SIGN/UETA, Fair Housing, etc.) for Freddie-sold and Freddie-serviced Mortgages?
    file_review: Read the compliance-program inventory against the 1301.2(a) enumerated-law list; this is primarily the program-level coverage check.
    judgment: false
    feeds: []
    workflow_phase: post_close_qc
    owner_role: compliance_officer
    secondary_owner_role: legal_counsel
    cadence: continuous
    consequence: FHLMC repurchase demand for compliance-with-laws reps-and-warranties breach; regulator exposure independent of FHLMC.
    tags:
      - round-d
      - regulator-direct
      - fhlmc
      - freddie-mac
      - seller-servicer
      - compliance-with-laws
      - reps-and-warranties
      - ecoa
      - fcra
      - glba
      - bsa-aml
      - ofac
      - tila
      - respa
      - promoted
    primary_source:
      tier: 1
      authority: Freddie Mac Single-Family Seller/Servicer Guide Section 1301.2(a)
      source_class: fhlmc-guide
      source_url: https://guide.freddiemac.com/ci/okcsFattach/get/3046538_4
      snapshot_id: fbba421721d90cb1
      fetched_at: '2026-05-25T14:10:06Z'
      content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
      paragraph_quote: |
        comply with all applicable federal, State and local laws,
      drafter_attestation: |
        Copied verbatim from snapshot fbba421721d90cb1. Section 1301.2(a)
        chapeau sentence. The enumerated Applicable Laws list is
        paraphrased into the description because the source uses a
        bulleted list that ripples through many lines.
    promoted_at: '2026-05-25T17:33:43+00:00'
    promoted_from: fhlmc-1301-roundd-v1.yaml
  - id: fhlmc-1301-ofac-compliance-program
    canonical_id: fhlmc-1301-ofac-compliance-program
    section: Freddie Mac Guide Section 1301.2(b) — OFAC screening; notice of OFAC match
    description: |
      [LENDER], as Seller/Servicer, must comply with OFAC Regulations
      and must maintain an OFAC compliance program with: clear policies
      and procedures; periodic and ongoing screening against the OFAC
      Specially Designated Nationals and Blocked Persons (SDN) List;
      a process for investigating and escalating potential matches,
      blocking and rejecting transactions, and managing blocked
      accounts; record retention; internal controls; independent
      testing; and a documented training program. Sellers must screen
      each Borrower and Guarantor against OFAC's most recent OFAC SDN
      List prior to delivery to Freddie Mac. If a Borrower or Guarantor
      is on the OFAC SDN List, the Mortgage is ineligible for sale to
      Freddie Mac.
    type: maintain
    audit_question: Can [LENDER] produce its written OFAC compliance program documentation evidencing (i) policies and procedures, (ii) periodic and ongoing SDN-List screening, (iii) escalation/investigation/blocking processes, (iv) record retention, (v) internal controls, (vi) independent testing, and (vii) training, AND evidence pre-delivery OFAC SDN screening of every Borrower and Guarantor?
    program_review: Does the program maintain a written OFAC compliance program with all seven elements (policies, periodic/ongoing SDN screening, escalation/investigation/blocking, record retention, internal controls, independent testing, training) AND require pre-delivery SDN screening of every Borrower and Guarantor, blocking any SDN-listed party from sale?
    file_review: Spot-check delivered loans for pre-delivery SDN screening evidence of each Borrower/Guarantor; confirm program documentation exists for the seven elements.
    judgment: false
    feeds:
      - fhlmc-1301-ofac-match-24-hour-notification
    workflow_phase: pre_close_underwriting
    owner_role: compliance_officer
    secondary_owner_role: bsa_aml_officer
    cadence: continuous
    consequence: Mortgages with OFAC SDN-matched Borrower/Guarantor are ineligible for sale to FHLMC; OFAC penalties independent of FHLMC.
    tags:
      - round-d
      - regulator-direct
      - fhlmc
      - freddie-mac
      - ofac
      - sdn-list
      - bsa-aml
      - compliance-program
      - promoted
    primary_source:
      tier: 1
      authority: Freddie Mac Single-Family Seller/Servicer Guide Section 1301.2(b)
      source_class: fhlmc-guide
      source_url: https://guide.freddiemac.com/ci/okcsFattach/get/3046538_4
      snapshot_id: fbba421721d90cb1
      fetched_at: '2026-05-25T14:10:06Z'
      content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
      paragraph_quote: |
        Sellers must screen each Borrower and Guarantor against OFAC’s most recent OFAC SDN
      drafter_attestation: |
        Copied verbatim from snapshot fbba421721d90cb1. Section 1301.2(b)
        pre-delivery SDN screening clause. The paragraph_quote captures
        the operative pre-delivery screening obligation using the curly
        apostrophe U+2019 as it appears in the PDF extraction.
    auditor_minimum_evidence:
      derivation: snapshot_extract
      derivation_source:
        snapshot_id: fbba421721d90cb1
        paragraph_quote: Sellers must screen each Borrower and Guarantor against OFAC’s most recent OFAC SDN
        page_or_section: FHLMC Single-Family Guide §1301.2
        fetched_at: '2026-05-25T14:09:48Z'
      pathway_selection_kind: parallel_satisfaction
      pathways:
        - pathway_id: csh-amep-fhlmc-1301-ofac-screening
          name: Each Borrower and Guarantor screened against OFAC SDN List pre-delivery
          evidence_items:
            - evidence_id: csh-ev-fhlmc-1301-ofac-screening-record
              kind: record
              description: Per-loan OFAC SDN screening record (vendor result or internal lookup) for each Borrower and Guarantor, dated before delivery to FHLMC.
              retention_rule_ref: bsa-31cfr-1010.430
              examiner_question_ref: FFIEC BSA/AML Examination Manual — Office of Foreign Assets Control (OFAC)
              cite_verified: true
            - evidence_id: csh-ev-fhlmc-1301-ofac-sdn-version-tracked
              kind: record
              description: OFAC SDN List version (date) used in the screening — [LENDER] must show the screen was done against the THEN-CURRENT list per §1301.2 'most recent'.
              retention_rule_ref: bsa-31cfr-1010.430
              examiner_question_ref: FFIEC BSA/AML Examination Manual — Office of Foreign Assets Control (OFAC)
              cite_verified: true
        - pathway_id: csh-amep-fhlmc-1301-ofac-match-handling
          name: Match handling — OFAC matches handled per US Treasury/FHLMC procedures
          evidence_items:
            - evidence_id: csh-ev-fhlmc-1301-ofac-match-procedure
              kind: document
              description: '[LENDER]''s written OFAC match-handling procedure (block + report to OFAC within 10 business days; notify FHLMC per §1301.2(b)).'
              retention_rule_ref: bsa-31cfr-1010.430
              examiner_question_ref: FFIEC BSA/AML Examination Manual — Office of Foreign Assets Control (OFAC)
              cite_verified: true
            - evidence_id: csh-ev-fhlmc-1301-ofac-match-log
              kind: record
              description: OFAC match log for the audit period (zero matches is acceptable; if any, evidence of correct handling per the procedure).
              retention_rule_ref: bsa-31cfr-1010.430
              examiner_question_ref: FFIEC BSA/AML Examination Manual — Office of Foreign Assets Control (OFAC)
              cite_verified: true
      pathway_selection_logic: |
        Both pathways required in parallel — screening alone is insufficient without a match-handling procedure for the inevitable false-positive and rare true-positive cases. Pathway A documents the universal pre-delivery screen; pathway B documents what happens when the screen returns a hit.
    promoted_at: '2026-05-25T17:33:44+00:00'
    promoted_from: fhlmc-1301-roundd-v1.yaml
  - id: fhlmc-1301-ofac-match-24-hour-notification
    canonical_id: fhlmc-1301-ofac-match-24-hour-notification
    section: Freddie Mac Guide Section 1301.2(b) — 24-hour notification of valid OFAC SDN match
    description: |
      [LENDER], as Servicer of Freddie Mac Mortgages, must periodically
      screen Freddie Mac-serviced Mortgages against the OFAC SDN List
      with at least the same frequency as its own portfolio screening,
      and on each SDN update. If a valid match is identified, [LENDER]
      must notify Freddie Mac via e-mail within 24 hours of identifying
      the match. The e-mail must include the Freddie Mac loan number,
      the Borrower name, and the name/title/e-mail/phone of the point
      of contact at [LENDER] who can discuss the match.
    type: notify
    audit_question: For every valid OFAC SDN-List match identified on a Freddie Mac-serviced Mortgage, can [LENDER] evidence email notification to Freddie Mac within 24 hours of identification, containing FHLMC loan number, Borrower name, and a designated point of contact?
    program_review: Does the program ensure periodic SDN screening of serviced Mortgages at least at portfolio frequency and on each SDN update, and that a valid match triggers email notice to Freddie Mac within 24 hours carrying FHLMC loan number, Borrower name, and a point of contact?
    file_review: For any valid SDN match identified, confirm the 24-hour email notification and that it contained loan number, Borrower name, and contact name/title/email/phone.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: bsa_aml_officer
    secondary_owner_role: compliance_officer
    cadence: per-event
    consequence: OFAC penalties and FHLMC enforcement for delayed notification of suspicious activity tied to Mortgage Servicing.
    tags:
      - round-d
      - regulator-direct
      - fhlmc
      - freddie-mac
      - ofac
      - 24-hour-deadline
      - notification
      - promoted
    primary_source:
      tier: 1
      authority: Freddie Mac Single-Family Seller/Servicer Guide Section 1301.2(b)
      source_class: fhlmc-guide
      source_url: https://guide.freddiemac.com/ci/okcsFattach/get/3046538_4
      snapshot_id: fbba421721d90cb1
      fetched_at: '2026-05-25T14:10:06Z'
      content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
      paragraph_quote: |
        notify Freddie Mac via e-mail
      drafter_attestation: |
        Copied verbatim from snapshot fbba421721d90cb1. Section 1301.2(b)
        24-hour OFAC match notification clause.
    deadline: 24 hours from identification of valid OFAC SDN match
    promoted_at: '2026-05-25T17:33:44+00:00'
    promoted_from: fhlmc-1301-roundd-v1.yaml
  - id: fhlmc-1301-aml-suspicious-activity-program
    canonical_id: fhlmc-1301-aml-suspicious-activity-program
    section: Freddie Mac Guide Section 1301.2(c) — AML compliance and Suspicious Activity program
    description: |
      [LENDER], as Seller/Servicer, must establish and maintain a
      program designed to detect and report Suspicious Activity in
      the origination, delivery or Servicing of Mortgages delivered to
      Freddie Mac. The program must include: a designated employee
      responsible for overseeing the program; policies, procedures and
      internal controls designed to detect and report Suspicious
      Activity to Freddie Mac in accordance with Section 3201.2; a
      documented training program delivered to appropriate employees
      at the time of hire and at least annually thereafter; and
      independent testing. Seller/Servicers subject to the BSA must
      additionally establish and maintain a BSA-compliance program
      and must notify Freddie Mac within seven Business Days of
      confirmation of any BSA/AML non-compliance or compliance failure.
    type: maintain
    audit_question: Can [LENDER] produce its written Suspicious Activity program documentation evidencing (i) designated program owner, (ii) detection/reporting policies referencing Section 3201.2, (iii) annual + at-hire training records, and (iv) independent testing reports? And, if BSA-subject, evidence of 7-business-day notifications of any AML compliance failure to FHLMC?
    program_review: Does the program maintain a Suspicious Activity program with a designated owner, detection/reporting policies referencing Section 3201.2, at-hire + annual training, and independent testing — and, if BSA-subject, a BSA program plus 7-business-day notice to Freddie Mac of any BSA/AML compliance failure?
    file_review: Review the program documentation, training records, and independent-testing reports; if BSA-subject, confirm any compliance-failure notice landed within 7 business days of confirmation.
    judgment: false
    feeds: []
    workflow_phase: post_close_qc
    owner_role: bsa_aml_officer
    secondary_owner_role: compliance_officer
    cadence: continuous
    consequence: FHLMC enforcement for failure-to-detect / failure-to-report; BSA regulatory exposure for BSA-subject institutions.
    tags:
      - round-d
      - regulator-direct
      - fhlmc
      - freddie-mac
      - bsa-aml
      - suspicious-activity
      - written-program
      - training
      - promoted
    primary_source:
      tier: 1
      authority: Freddie Mac Single-Family Seller/Servicer Guide Section 1301.2(c)
      source_class: fhlmc-guide
      source_url: https://guide.freddiemac.com/ci/okcsFattach/get/3046538_4
      snapshot_id: fbba421721d90cb1
      fetched_at: '2026-05-25T14:10:06Z'
      content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
      paragraph_quote: |
        must establish and maintain a program designed to detect and report Suspicious Activity in
      drafter_attestation: |
        Copied verbatim from snapshot fbba421721d90cb1. Section 1301.2(c)
        AML / Suspicious Activity program obligation.
    promoted_at: '2026-05-25T17:33:44+00:00'
    promoted_from: fhlmc-1301-roundd-v1.yaml
  - id: fhlmc-1301-seller-fair-lending-practices
    canonical_id: fhlmc-1301-seller-fair-lending-practices
    section: Freddie Mac Guide Section 1301.2(e) — Seller lending practices
    description: |
      [LENDER], as Seller, must employ business practices that promote
      fair lending. This is a standalone Selling-side obligation
      independent of any specific anti-discrimination statute.
    type: do
    audit_question: Can [LENDER] evidence written business practices and policies that promote fair lending across origination — e.g., second-look programs, pricing-exception review, fair-lending committee, monitored disparate-impact analysis on protected classes?
    program_review: Does the program facilitate business practices that promote fair lending (e.g., second-look programs, pricing-exception review, fair-lending committee, monitored disparate-impact analysis) as a standalone Selling-side duty?
    file_review: Review the fair-lending practice artifacts (committee minutes, exception reviews, disparate-impact monitoring); the compliance person judges whether the practices adequately promote fair lending.
    judgment: true
    feeds: []
    workflow_phase: pre_close_underwriting
    owner_role: fair_lending_officer
    secondary_owner_role: compliance_officer
    cadence: continuous
    consequence: FHLMC enforcement under Section 1301.6 compliance-with-laws reps; ECOA / Fair Housing Act regulatory exposure.
    tags:
      - round-d
      - regulator-direct
      - fhlmc
      - freddie-mac
      - fair-lending
      - business-practices
      - promoted
    primary_source:
      tier: 1
      authority: Freddie Mac Single-Family Seller/Servicer Guide Section 1301.2(e)
      source_class: fhlmc-guide
      source_url: https://guide.freddiemac.com/ci/okcsFattach/get/3046538_4
      snapshot_id: fbba421721d90cb1
      fetched_at: '2026-05-25T14:10:06Z'
      content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
      paragraph_quote: |
        The Seller must employ business practices that promote fair lending.
      drafter_attestation: |
        Copied verbatim from snapshot fbba421721d90cb1. Section 1301.2(e)
        single-sentence fair-lending business-practices obligation.
    promoted_at: '2026-05-25T17:33:45+00:00'
    promoted_from: fhlmc-1301-roundd-v1.yaml
  - id: fhlmc-1301-servicer-fair-lending-data-elements
    canonical_id: fhlmc-1301-servicer-fair-lending-data-elements
    section: Freddie Mac Guide Section 1301.2(f) — Servicer-maintained fair lending data elements
    description: |
      [LENDER], as Servicer, must maintain the following fair-lending
      data elements for all Freddie Mac Mortgages originated on or
      after March 1, 2023, provided they were obtained during the
      origination process: race of Borrower(s); age of Borrower(s);
      ethnicity of Borrower(s); gender of Borrower(s); and preferred
      language of Borrower(s). These data elements must be stored in a
      format that can be searched, queried and transferred. On each
      Transfer of Servicing on or after March 1, 2023, the Transferor
      Servicer must transmit this fair-lending data to the Transferee
      Servicer (when available), and the Transferee Servicer must
      maintain the data per these requirements as of the Effective
      Date of Transfer.
    type: maintain
    audit_question: For all Freddie Mac Mortgages originated on or after 3/1/2023, can [LENDER] evidence retention of race, age, ethnicity, gender, and preferred-language data elements when available from origination, in a searchable/queryable/transferable format? And on each Transfer of Servicing, evidence transmission to Transferee Servicer?
    program_review: Does the program ensure, for all Freddie Mortgages originated on/after 3/1/2023, retention of race, age, ethnicity, gender, and preferred-language (when obtained at origination) in a searchable/queryable/transferable format, and transmission to the Transferee Servicer on each Transfer of Servicing on/after 3/1/2023?
    file_review: Sample post-3/1/2023 loans; confirm the five data elements are stored in the required format, and on any servicing transfer confirm the data was transmitted.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: fair_lending_officer
    secondary_owner_role: data_governance
    cadence: continuous
    consequence: FHLMC enforcement; fair-lending exam exposure (CFPB / FHFA / HUD); HMDA-adjacent data integrity risk.
    tags:
      - round-d
      - regulator-direct
      - fhlmc
      - freddie-mac
      - fair-lending
      - data-retention
      - transfer-of-servicing
      - hmda-adjacent
      - promoted
    primary_source:
      tier: 1
      authority: Freddie Mac Single-Family Seller/Servicer Guide Section 1301.2(f)
      source_class: fhlmc-guide
      source_url: https://guide.freddiemac.com/ci/okcsFattach/get/3046538_4
      snapshot_id: fbba421721d90cb1
      fetched_at: '2026-05-25T14:10:06Z'
      content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
      paragraph_quote: |
        Servicers must maintain the following fair lending data elements for all Freddie Mac
      drafter_attestation: |
        Copied verbatim from snapshot fbba421721d90cb1. Section 1301.2(f)
        fair-lending data-element retention chapeau.
    promoted_at: '2026-05-25T17:33:45+00:00'
    promoted_from: fhlmc-1301-roundd-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-25T17:33:45+00:00'
    candidate_path: obligations\_remediation\round-d-investor-guides\fhlmc-1301-roundd-v1.yaml
    candidates_promoted: 7
    candidates_skipped_existing: 0

Verbatim regulatory text (7)

Verbatim provisions from FHLMC Single-Family Seller/Servicer Guide Chapter 1301 — General Responsibilities of the Seller/Servicer — 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 Guide Section 1301.1 — Submission of data to Freddie Mac

The Seller/Servicer warrants that all data and/or other information submitted to Freddie Mac is

Source: Freddie Mac Single-Family Seller/Servicer Guide Section 1301.1 · source URL · snapshot fbba421721d90cb1

Freddie Mac Guide Section 1301.2(a) — Compliance with applicable law

comply with all applicable federal, State and local laws,

Source: Freddie Mac Single-Family Seller/Servicer Guide Section 1301.2(a) · source URL · snapshot fbba421721d90cb1

Freddie Mac Guide Section 1301.2(b) — OFAC screening; notice of OFAC match

Sellers must screen each Borrower and Guarantor against OFAC’s most recent OFAC SDN

Source: Freddie Mac Single-Family Seller/Servicer Guide Section 1301.2(b) · source URL · snapshot fbba421721d90cb1

Freddie Mac Guide Section 1301.2(b) — 24-hour notification of valid OFAC SDN match

notify Freddie Mac via e-mail

Source: Freddie Mac Single-Family Seller/Servicer Guide Section 1301.2(b) · source URL · snapshot fbba421721d90cb1

Freddie Mac Guide Section 1301.2(c) — AML compliance and Suspicious Activity program

must establish and maintain a program designed to detect and report Suspicious Activity in

Source: Freddie Mac Single-Family Seller/Servicer Guide Section 1301.2(c) · source URL · snapshot fbba421721d90cb1

Freddie Mac Guide Section 1301.2(e) — Seller lending practices

The Seller must employ business practices that promote fair lending.

Source: Freddie Mac Single-Family Seller/Servicer Guide Section 1301.2(e) · source URL · snapshot fbba421721d90cb1

Freddie Mac Guide Section 1301.2(f) — Servicer-maintained fair lending data elements

Servicers must maintain the following fair lending data elements for all Freddie Mac

Source: Freddie Mac Single-Family Seller/Servicer Guide Section 1301.2(f) · source URL · snapshot fbba421721d90cb1