SUPERSEDED — prior version (Selling Guide edition published May 6, 2026) — Fannie Mae Selling Guide B5-4.2-01 — Native American Conventional Lending Initiative (NACLI)
SUPERSEDED — this is the PRIOR text of Fannie Mae Selling Guide B5-4.2-01 (Native American Conventional Lending Initiative (NACLI)), dated 06/26/2012, as published in the Selling Guide edition of May 6, 2026. Fannie Mae changed this topic: the edition published September 2, 2026 carries a revised text (SEL-2026-08 (September 2, 2026)). Retained because a loan or exam period governed by the earlier text needs the version in force at the time.
Superseded — retained for reference. The operative requirements have moved to the current rule (see the description above).
Verbatim regulatory text
Verbatim provisions from SUPERSEDED — prior version (Selling Guide edition published May 6, 2026) — Fannie Mae Selling Guide B5-4.2-01 — Native American Conventional Lending Initiative (NACLI) — 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 Single Family Selling Guide B5-4.2-01
(06/26/2012) Introduction This topic contains information on Native American Conventional Lending Initiative (NACLI), including: Overview Lender Eligibility Eligibility Requirements Special Feature Codes Overview As part of Fannie Mae’s commitment to offering conventional loan products to address special housing needs of the underserved, Fannie Mae developed its set of Native American conventional Housing Initiatives. Through these initiatives, Fannie Mae purchases conventional mortgages that are made to Native Americans. Lender Eligibility Any lender that is interested in participating in NACLI must obtain separate approval from Fannie Mae. Upon approval, the lender will obtain the applicable set of terms and conditions that may vary for the specific tribal community. Eligibility Requirements Tribes that have jurisdiction over lands restricted to tribal members are eligible. Before any lending may take place, a tribe’s ordinances must be reviewed to ensure that there is appropriate support for mortgage lending. This includes Fannie Mae’s confirmation that the tribe has appropriate ordinances involving such issues as the recording of mortgages, resale, lien priority, foreclosure, and eviction. Special Feature Codes A lender must report SFC 221 for a mortgage originated under NACLI when it delivers a mortgage originated under Fannie Mae’s Native American Housing Initiatives. In addition, the lender should report all other applicable special feature codes that are needed to describe other special mortgage characteristics.
Fannie Mae Single Family Selling Guide B5-4.2-01
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[SUPERSEDED] Fannie Mae Selling Guide B5-4.2-01 — Native American Conventional Lending Initiative (NACLI)
B5-4.2-01, Native American Conventional Lending Initiative (NACLI) (06/26/2012) Introduction This topic contains information on Native American Conventional Lending Initiative (NACLI), including: Overview Lender Eligibility Eligibility Requirements Special Feature Codes Overview As part of Fannie Mae’s commitment to offering conventional loan products to address special housing needs of the underserved, Fannie Mae developed its set of Native American conventional Housing Initiatives. Through these initiatives, Fannie Mae purchases conventional mortgages that are made to Native Americans. Lender Eligibility Any lender that is interested in participating in NACLI must obtain separate approval from Fannie Mae. Upon approval, the lender will obtain the applicable set of terms and conditions that may vary for the specific tribal community. Eligibility Requirements Tribes that have jurisdiction over lands restricted to tribal members are eligible. Before any lending may take place, a tribe’s ordinances must be reviewed to ensure that there is appropriate support for mortgage lending. This includes Fannie Mae’s confirmation that the tribe has appropriate ordinances involving such issues as the recording of mortgages, resale, lien priority, foreclosure, and eviction. Special Feature Codes A lender must report SFC 221 for a mortgage originated under NACLI when it delivers a mortgage originated under Fannie Mae’s Native American Housing Initiatives. In addition, the lender should report all other applicable special feature codes that are needed to describe other special mortgage characteristics.
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