Freddie Mac Single-Family Seller/Servicer Guide 4703.4 — Liability insurance for Condominium Projects and Cooperative Projects

fhlmc-4703-4

Freddie Mac Single-Family Seller/Servicer Guide section 4703.4 — Liability insurance for Condominium Projects and Cooperative Projects. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.

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Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 4703.4 — Liability insurance for Condominium Projects and Cooperative Projects — 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 4703.4 — Liability insurance for Condominium Projects and Cooperative Projects

Effective 2026-08-03 · Freddie Mac's stamp for this section

Effective for Mortgages with Application Received Dates on or after August 3, 2026. Liability insurance is required for all Condominium Projects and Cooperative Projects, except the following: ■ Condominium Projects and Condominium Unit Mortgages that meet the requirements in Section 5701.7 and are delivered as Exempt From Review ■ Cooperative Share Loans that meet the requirements in Section 5701.7 and are delivered as Exempt From Review ■ Freddie Mac Enhanced Relief Refinance® Mortgages The condominium homeowners association or Cooperative Corporation must maintain commercial general liability (CGL) insurance covering all common areas, Common Elements, commercial spaces and public ways in the Condominium Project or Cooperative Project. If not already included in the terms of the CGL coverage, there must be a “severability of interest” endorsement precluding the insurer’s denial of a unit owner’s claim because of negligent acts by the association, corporation or other unit owners. The insurer’s limit of liability per occurrence for personal injury, bodily injury or property damage under the terms of the above coverages must be at least $1 million and the coverage must provide for claim settlements on an occurrence basis.

Source: Freddie Mac Single-Family Seller/Servicer Guide 4703.4 — Liability insurance for Condominium Projects and Cooperative Projects · source URL · snapshot 4c94f67729042dd6

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Source of record: https://claudeforcompliance.com/regs/fhlmc-4703-4/ · register fhlmc-4703-4 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.