FNMA Servicing Guide B-7 — Liability and Fidelity/Crime Insurance Requirements for Project Developments

fnma-svc-b-7

Servicing Guide Chapter B-7 sets requirements for liability and fidelity/crime insurance coverage for project developments (condo/co-op/PUD).

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source:
  type: regulation
  id: fnma-svc-b-7
  authority: FNMA Servicing Guide B-7 — Liability and Fidelity/Crime Insurance Requirements for Project Developments
  description: |
    Servicing Guide Chapter B-7 sets requirements for liability and fidelity/crime insurance coverage for project developments (condo/co-op/PUD).
obligations:
  - id: fnma-svc-b-7-general-liability-project-developments
    canonical_id: fnma-svc-b-7-general-liability-project-developments
    section: FNMA Servicing Guide B-7-01 — General Liability Insurance Requirements for Project Developments
    description: |
      [LENDER] must ensure that general liability insurance coverage for
      project developments (condo, co-op, PUD) meets the Selling Guide
      B7-4-01 requirements for project developments that secure Fannie Mae
      mortgage loans.
    type: do
    audit_question: For every Fannie Mae mortgage loan secured by a unit in a project development, can [LENDER] evidence that general liability insurance coverage meets Selling Guide B7-4-01 requirements?
    program_review: Does the program ensure general liability insurance for project developments (condo/co-op/PUD) meets Selling Guide B7-4-01?
    file_review: For project-development loans, confirm general liability coverage meets B7-4-01.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: escrow_analyst
    secondary_owner_role: insurance_specialist
    cadence: continuous
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - fnma
      - servicing-guide
      - liability-insurance
      - project-developments
      - promoted
    primary_source:
      tier: 1
      authority: FNMA Servicing Guide B-7-01
      source_class: fnma-guide
      source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
      snapshot_id: cf63a82bbb4adfba
      fetched_at: '2026-05-22T23:53:19Z'
      content_hash: sha256:89df66c43baad07f8a8dd9d224492fff7d15e8839edba02ad0e74c7e50fe5da3
      paragraph_quote: Refer to Selling Guide B7-4-01, General Liability Insurance Requirements for Project Developments for general
      drafter_attestation: |
        Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter B-7) at 2026-05-22.
    promoted_at: '2026-05-23T00:25:09+00:00'
    promoted_from: fnma-svc-b-7-roundb-v1.yaml
  - id: fnma-svc-b-7-fidelity-crime-project-developments
    canonical_id: fnma-svc-b-7-fidelity-crime-project-developments
    section: FNMA Servicing Guide B-7-02 — Fidelity/Crime Insurance Requirements for Project Developments
    description: |
      [LENDER] must ensure that fidelity/crime insurance coverage for project
      developments (condo, co-op, PUD) meets the Selling Guide B7-4-02
      requirements for project developments that secure Fannie Mae mortgage
      loans.
    type: do
    audit_question: For every Fannie Mae mortgage loan secured by a unit in a project development, can [LENDER] evidence that fidelity/crime insurance coverage meets Selling Guide B7-4-02 requirements?
    program_review: Does the program ensure fidelity/crime insurance for project developments meets Selling Guide B7-4-02?
    file_review: For project-development loans, confirm fidelity/crime coverage meets B7-4-02.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: escrow_analyst
    secondary_owner_role: insurance_specialist
    cadence: continuous
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - fnma
      - servicing-guide
      - fidelity-insurance
      - project-developments
      - promoted
    primary_source:
      tier: 1
      authority: FNMA Servicing Guide B-7-02
      source_class: fnma-guide
      source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
      snapshot_id: cf63a82bbb4adfba
      fetched_at: '2026-05-22T23:53:19Z'
      content_hash: sha256:89df66c43baad07f8a8dd9d224492fff7d15e8839edba02ad0e74c7e50fe5da3
      paragraph_quote: Refer to Selling Guide B7-4-02, Fidelity/Crime Insurance Requirements for Project Developments for
      drafter_attestation: |
        Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter B-7) at 2026-05-22.
    promoted_at: '2026-05-23T00:25:09+00:00'
    promoted_from: fnma-svc-b-7-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-23T00:25:09+00:00'
    candidate_path: C:\Users\earlc\broker-tools\obligations\_remediation\_round_b_drafts\fnma-svc-b-7-roundb-v1.yaml
    candidates_promoted: 2
    candidates_skipped_existing: 0

Verbatim regulatory text (2)

Verbatim provisions from FNMA Servicing Guide B-7 — Liability and Fidelity/Crime Insurance Requirements for 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.

FNMA Servicing Guide B-7-01 — General Liability Insurance Requirements for Project Developments

Refer to Selling Guide B7-4-01, General Liability Insurance Requirements for Project Developments for general

Source: FNMA Servicing Guide B-7-01 · source URL · snapshot cf63a82bbb4adfba

FNMA Servicing Guide B-7-02 — Fidelity/Crime Insurance Requirements for Project Developments

Refer to Selling Guide B7-4-02, Fidelity/Crime Insurance Requirements for Project Developments for

Source: FNMA Servicing Guide B-7-02 · source URL · snapshot cf63a82bbb4adfba