Fannie Mae Selling Guide B3-4.2-05 — Foreign Assets

fnma-sel-b3-4-2-05

Fannie Mae Selling Guide B3-4.2-05 — Foreign Assets.

This register: .xlsx .csv

Verbatim regulatory text (1)

Verbatim provisions from Fannie Mae Selling Guide B3-4.2-05 — Foreign Assets — 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 Selling Guide B3-4.2-05 — Foreign Assets

Effective 2022-05-04 · publisher's stamp for this provision

B3-4.2-05, Foreign Assets (05/04/2022) Introduction This topic provides information on the use of assets that are located outside the United States and its territories. Requirements for Foreign Assets Requirements for Foreign Assets The lender must document all sources of funds used for down payments, closing costs and financial reserves. All documents of a foreign origin must be completed in English, or the originator must provide a translation, attached to each document, and ensure the translation is complete and accurate. When the source of those funds originates from assets located outside of the U.S. and its territories, those assets require documented evidence of the foreign assets exchanged into U.S. dollars and held in a U.S. or state regulated financial institution, and verification of the funds in U.S. dollars prior to the loan closing. The lender must evaluate large deposits in accordance with B3-4.2-02, Depository Accounts.

Source: Fannie Mae Selling Guide B3-4.2-05 — Foreign Assets · source URL · snapshot 2897f21e1e729b42

Get this regulation in your AI window

Announcements change Guide topics, but the old wording keeps circulating. An assistant will hand you the prior version and name no date at all.Put the verbatim text and its effective date in front of your assistant, instead of whatever it remembers.

Open in Claude Open in ChatGPT

Open in Claude shows the one-time setup: paste one address, no account with us. Open in ChatGPT asks ChatGPT about this page, with no setup. Either way it’s free.

Next step: the FNMA AI Lender Letter playbook. Run it in your AI window →

Get notified if this rule changes

One email when Fannie Mae Selling Guide B3-4.2-05 — Foreign Assets changes: what changed, the new verbatim text, and the effective date. Nothing else.

Double opt-in: we send a confirmation link first. Following one section does not subscribe you to anything else. Privacy.

Source of record: https://claudeforcompliance.com/regs/fnma-sel-b3-4-2-05/ · register fnma-sel-b3-4-2-05 · 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.