Freddie Mac Single-Family Seller/Servicer Guide 4201.5 — Principal amount advanced; no mandatory future advances; outstanding balance
Freddie Mac Single-Family Seller/Servicer Guide section 4201.5 — Principal amount advanced; no mandatory future advances; outstanding balance. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 4201.5 — Principal amount advanced; no mandatory future advances; outstanding balance — 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 Single-Family Seller/Servicer Guide 4201.5 — Principal amount advanced; no mandatory future advances; outstanding balance
The full principal amount of the Mortgage must have been disbursed or advanced to the Borrower or according to the direction of the Borrower. Under the Security Instrument, the Borrower may not have an option to borrow additional funds secured by the Security Instrument. The outstanding principal balance of the Mortgage must be as represented by the Seller to Freddie Mac and must be fully secured by the Security Instrument.
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Source of record: https://claudeforcompliance.com/regs/fhlmc-4201-5/
· register fhlmc-4201-5 · verbatim, source-snapshotted regulator text from the
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