Fannie Mae Servicing Guide C-1.1-03 — Automatically Drafting Payments from the Borrower's Bank Account

fnma-svc-c-1-1-03

Fannie Mae Servicing Guide C-1.1-03 — Automatically Drafting Payments from the Borrower's Bank Account.

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Verbatim provisions from Fannie Mae Servicing Guide C-1.1-03 — Automatically Drafting Payments from the Borrower's Bank Account — 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 C-1.1-03 — Automatically Drafting Payments from the Borrower's Bank Account

C-1.1-03, Automatically Drafting Payments from the Borrower’s Bank Account (11/12/2014) When automatically drafting a mortgage loan payment from a borrower’s designated bank account, the servicer must draft each payment no later than the date the servicer would accept a mortgage loan payment by other payment methods without penalty. Recent Related Announcements There are no recently issued Announcements related to this topic.

Source: Fannie Mae Servicing Guide C-1.1-03 — Automatically Drafting Payments from the Borrower's Bank Account · source URL · snapshot cf63a82bbb4adfba