Fannie Mae Selling Guide D2-1-04 — Identifying and Remedying Origination Defects Under the Remedies Framework
Fannie Mae Selling Guide D2-1-04 — Identifying and Remedying Origination Defects Under the Remedies Framework.
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Fannie Mae Selling Guide D2-1-04 — Identifying and Remedying Origination Defects Under the Remedies Framework
D2-1-04, Identifying and Remedying Origination Defects Under the Remedies Framework (08/30/2016) Introduction This topic describes the process that Fannie Mae will follow to identify defects and allow corrections and remedies for loans covered by the remedies framework, including: Definitions of Remedy and Correction Overview of Process Definitions of Remedy and Correction The actions that constitute a remedy or a correction for loans covered by the remedies framework are described below. A “remedy” is an action elected by Fannie Mae to resolve a significant defect pursuant to the Lender Contract in effect at the time of loan purchase. (See A2-3.2-03, Remedies Framework, for additional information.) A “correction” is an action taken by a lender (typically through delivery of documentation or information to Fannie Mae) that demonstrates that a significant defect did not, in fact, exist at the time of loan purchase or securitization; or has been corrected in the time frame and manner specified in the Lender Contract such that the defect is no longer considered by Fannie Mae to be a significant defect. One example of a correction is a “de minimis correction,” which is a minor amount not to exceed $500 (or such higher amount as the lender and Fannie Mae may agree) that, when remitted, refunded, or otherwise provided, corrects or otherwise resolves an identified significant defect. However, a “de minimis correction” cannot be made when the correction would result in a specific required minimum borrower contribution not being met, or to correct a violation of Fannie Mae’s Charter requirements. Another example of a correction is the acquisition of required insurance. Published May 6, 2026 1067 Overview of Process The steps that Fannie Mae and lenders will follow for mortgage loans covered by the remedies framework to identify, correct, appeal, and remedy defects are described below. Step 1—Identification of Findings, PALs, and Significant Defects After a full-file quality control review is completed, Fannie Mae will designate any defect(s) as a finding, a PAL, or a significant defect. As a reminder, the scope of the full-file quality control review remains the same for performing loans and non-performing loans. Note: Fannie Mae also checks mortgage loans for data discrepancies (which could be independent of a full-file quality control review) that may result in the assessment of an LLPA. If Fannie Mae designates a defect as a finding, a correction or remedy will not be required. However, a data update may be required. If Fannie Mae designates a defect as resulting in a PAL, the lender must pay the applicable LLPA that should have been paid when the mortgage loan was purchased by Fannie Mae had the true and accurate facts about the mortgage loan been known at the time of purchase. Fannie Mae may not demand repurchase of a PAL and the lender may not voluntarily repurchase a PAL. If Fannie Mae identifies a significant defect, Fannie Mae will require repurchase of the mortgage loan or may offer the lender a repurchase alternative. Step 2—Correcting Certain Significant Defects During the appeal and impasse processes, a lender has the right to provide a correction of any significant defect in the specified time frame and in the manner required by the Lender Contract. Any additional documentation or information that the lender provides is subject to the same standard of quality control review as the initial mortgage file documentation. In the event that the Lender Contract does not specify the time frame and manner required for the correction of a particular significant defect, Fannie Mae shall determine if the significant defect has been corrected. There may be times when the determination of whether or not a defect has been corrected cannot be determined by Fannie Mae, but rather needs to be determined by the purchaser of an acquired property, its title insurer or the investor of the purchaser’s mortgage loan. For example, the determination of whether there has been a correction of a certain title defect may hinge on whether the purchaser of the acquired property is willing to pay full market value for the subject property, given the title defect and the steps taken to attempt to correct the title defect. The documentation submitted to correct a significant defect must be based on information or data that either: was available at the time of underwriting (and no later than the note date ), or covers the time of underwriting so long as such evidence meets the applicable documentation requirements set forth in the Lender Contract. Note: Lenders have the ability to correct defects during the appeal and impasse processes related to Published May 6, 2026 1068 property, flood, or mortgage insurance. If the lender does not repurchase the loan or perform any repurchase alternative in accordance with the Lender Contract, the lender continues to have the obligation to correct any significant defect in accordance with the Lender Contract. Step 3—Fannie Mae Review of Lender Response and Mortgage Loan Reassessment During the appeal and impasse processes, Fannie Mae will conduct a mortgage loan reassessment by reviewing any corrections submitted by the lender in accordance with the applicable Lender Contract in order to determine whether a significant defect still exists. If, following the reassessment, Fannie Mae determines that the lender submitted documentation and/or information or took all necessary steps to correct all significant defects in accordance with the Lender Contract, Fannie Mae will rescind or close out, as applicable, the demand. the lender corrected some, but not all, of the significant defects that had been identified on a mortgage loan, Fannie Mae will reaffirm the demand and the lender must comply with the demand on a timely basis. all significant defects were corrected but any remaining defects now cause the mortgage loan to be a PAL, or the loan is now determined to be a PAL, the lender must pay Fannie Mae the LLPA that should have been paid when the mortgage loan was purchased by Fannie Mae had the true and accurate facts about the mortgage loan been known at the time of purchase. it cannot determine if all significant defects were corrected because the decision is up to the purchaser of the acquired property, Fannie Mae may defer its determination until the subject property has been placed on the market in order to obtain feedback on the marketability of the title of the subject property. At any time during the appeals process, a lender has the right to propose a repurchase alternative following the identification of a significant defect. Fannie Mae will in good faith consider and respond to the lender’s proposed repurchase alternative. Fannie Mae may offer or decline to offer the lender certain repurchase alternatives based on the lender’s counterparty status to the extent there are future obligations required as part of the repurchase alternative. Other factors to be considered by Fannie Mae may include, but are not limited to, the failure to maintain a quality loan origination process and the lender’s ability and willingness to comply with other provisions of the Lender Contract. Step 4—Range of Possible Outcomes As described in A2-3.2-02, Enforcement Relief for Breaches of Certain Representations and Warranties Related to Underwriting and Eligibility, certain loans may be eligible for enforcement relief under Version 2 of the framework based on the satisfactory conclusion of a full-file quality control review. The designation of a defect and the loan’s status as corrected or remedied will determine whether a loan is eligible for enforcement relief, as detailed below. Finding: If the loan has had a full-file quality control review completed with only findings discovered, the loan is eligible for enforcement relief subject to any life-of-loan representations and warranties. If a loan has not had a full-file quality control review, it may still receive relief through other provisions under the framework. Published May 6, 2026 1069 PAL: If the PAL has had a full-file quality control review completed without the identification of any significant defects, the loan will receive enforcement relief subject to any life-of-loan representations and warranties, when the lender pays the LLPA. Loans that have not had a full-file quality control review, will not receive representation and warranty enforcement relief, even upon the payment of an LLPA, but may still receive relief through other provisions under the framework. A lender may appeal a PAL designation. The appeals process for a PAL will result in one of the following outcomes: rescission of the request for the payment of the LLPA, or payment of the LLPA. Significant Defect: If the loan with a significant defect has had a full-file quality control review, it will receive enforcement relief if all significant defects have been corrected; or a repurchase alternative has been offered and accepted, and fully executed and completed by the lender in compliance with any related terms, including the expiration of all applicable time frames. The appeal process for mortgage loans with significant defects may result in a range of outcomes, including: rescission or close out, as appropriate, of the demand because all significant defects have been corrected; a deferred demand in the event that Fannie Mae cannot determine whether or not there has been a correction because the purchaser of the subject property or its title company or investor is the real party in interest to make the decision as to whether a title defect has been corrected; agreement on a repurchase alternative; or the lender fulfills the demand. If a repurchase alternative is offered on a loan with a significant defect, the lender can conclude that a full-file quality control review has been completed. However, if a repurchase alternative is offered on a loan where a lender self-reports a defect, the lender cannot conclude that a full-file quality control review has occurred nor is representation and warranty relief granted. Recent Related Announcements There are no recently issued Announcements related to this topic. Published May 6, 2026 1070 Part E, Quick Reference Materials Introduction This part provides reference materials to support this Guide. Published May 6, 2026 1071 Chapter E-1, Selling Guide Resources Introduction This chapter provides resources to support this Guide. E-1-01, References to Fannie Mae's Website (06/04/2025) Introduction The following table contains a list of key documents and Web pages that are referenced in this Guide or that lenders may find helpful. Lenders must obtain the documents listed below from Fannie Mae's website (or any successor site). Name Location Area Median Incomes https://ami-lookup-tool.fanniemae.com/amilookuptool/ https://singlefamily.fanniemae.com/media/document/xlsx/income-eligibility-census-tract-lookup-spreadsheet Appraiser Independence Requirements https://singlefamily.fanniemae.com/media/document/pdf/appraiser-independence-requirements-air Condo Project Manager (CPM) https://singlefamily.fanniemae.com/applications-technology/condo-project-manager Desktop Underwriter Job Aids https://singlefamily.fanniemae.com/job-aid/new-desktop-underwriter/topic/welcomenew.htm Eligibility Matrix https://singlefamily.fanniemae.com/media/document/pdf/eligibility-matrix-current eMortgage Technical Requirements https://singlefamily.fanniemae.com/media/document/pdf/emortgage-technical-requirements Fannie Mae Connect https://singlefamily.fanniemae.com/applications-technology/fannie-mae-connect Fannie Mae Information Security and Business Resiliency Supplement https://www.fanniemae.com/media/document/pdf/information-security-and-business-resiliency-supplement Fannie Mae Selling Guide Uniform Appraisal Dataset (UAD) 3.6 Policy Supplement (UAD 3.6 Policy Supplement) https://singlefamily.fanniemae.com/media/document/pdf/fannie-mae-selling-guide-supplement-uniform-appraisal-dataset-uad-36-policy Fannie Mae Requirements for Document Custodians (RDC guide) https://singlefamily.fanniemae.com/media/document/pdf/requirements-document-custodians Homeownership Education https://singlefamily.fanniemae.com/originating-underwriting/mortgage-products/homeownership-education Loan Limits for Conventional Mortgages https://singlefamily.fanniemae.com/originating-underwriting/loan-limits Loan-Level Price Adjustment (LLPA) Matrix https://singlefamily.fanniemae.com/media/document/pdf/llpa-matrix-pdf Loan Quality Connect https://singlefamily.fanniemae.com/applications-technology/loan-quality-connect Published May 6, 2026 1072 Name Location Mortgage-Backed Securities https://capitalmarkets.fanniemae.com/mortgage-backed-securities Mortgage Fraud Prevention https://singlefamily.fanniemae.com/mortgage-fraud-prevention Mortgage Products https://singlefamily.fanniemae.com/originating-underwriting/mortgage-products Pricing & Execution https://singlefamily.fanniemae.com/pricing-execution Seller/Servicer-Initiated Post-Purchase Adjustments https://singlefamily.fanniemae.com/servicing/sellerservicer-initiated-post-purchase-adjustments Single-Family MBS Prospectuses & Related Documents https://capitalmarkets.fanniemae.com//mortgage-backed-securities/mbs-prospectuses Special Feature Codes https://singlefamily.fanniemae.com/media/document/pdf/special-feature-codes Standard ARM Plan Matrix https://singlefamily.fanniemae.com/media/document/pdf/standard-arm-plan-matrix Uniform Collateral Data Portal (UCDP) https://singlefamily.fanniemae.com/applications-technology/uniform-collateral-data-portal Uniform Loan Delivery Dataset (ULDD) https://singlefamily.fanniemae.com/delivering/uniform-mortgage-data-program/uniform-loan-delivery-dataset E-1-02, List of Contacts (02/04/2026) Introduction This topic contains contact information for Fannie Mae and other resources referenced in this Guide. Name Contact Information Purpose Capital Markets Operations Allocations 800-752-4233 202-752-5384 capmrktsops_tradeconfirmation@fanniemae.com pool_info@fanniemae.com mbs_pairoffs@fanniemae.com For verifying MBS trade information For communicating TBA pool notifications and trade pair-offs Capital Markets Asset Middle Office / Margins Asset_Middle_Office@fanniemae.com For questions on margin calls Published May 6, 2026 1073 Name Contact Information Purpose Capital Markets Pricing and Sales Desk 800-752-0257 (Whole Loan and MBS) 866-944-3863 (Early Funding) 202-752-7875 (Structured Transaction Group) For trading MBS, selling whole loans, hedging pipelines, obtaining best execution information, and other related inquiries Changes in Lender Organization organization_change@fanniemae.com To send Fannie Mae advance written notice of any contemplated major changes in the lender’s organization including Form 1001, as applicable. Condo Project Manager (CPM) Management Team cpm_manage@fanniemae.com For inquiries related to CPM. Custodian Oversight and Monitoring custodian_oversight@fanniemae.com 2000 Opportunity Way, Reston VA 20190 For inquiries about document custody or for requests to move loans from one custodian to another Customer Support (Single-Family Technology Support) 800-2FANNIE (800-232-6643) 800–917–9291 (Uniform Collateral Data Portal) For subscription inquiries; technical, billing, reporting, and registration inquiries for licensed users of Fannie Mae technology products and services Published May 6, 2026 1074 Name Contact Information Purpose Defense Manpower Data Center https://mla.dmdc.osd.mil/mla/#/home To obtain verification of employment for military personnel Digital Data Control Team - LQC DDC_inventory@fanniemae.com Fannie Mae Loan Quality Center Granite Park VII 5600 Granite Parkway Plano, TX 75024 For inquiries related to loan file and documentation submissions. eMortgage Custodian Oversight Department eMortgage_Custody@fanniemae.com For inquiries or requests related to eNote custodial transfers eMortgage Group eMortgage_Group@fanniemae.com For eNote or eClosing inquiries not related to custodial transfer and questions related to delivery and certification of eNotes. Fannie Mae Assignment Address Fannie Mae Mail Drawer: Assignments 1100 15th Street, NW Washington, DC 20005 For assignments Fannie Mae Credit Portfolio Management Granite Park VII 5600 Granite Parkway Plano, Texas 75024 800-2FANNIE (800-232-6643) For information related to servicing mortgage loans. Fannie Mae Ethics email: fm_ethics@fanniemae.com Phone: 888-FM-ETHICS(888–363–8442 Web: https://www.fanniemae.com/fmethics For reporting penalties (civil or criminal) or enforcement actions for compliance failures or violations related to anti-money laundering requirements. Published May 6, 2026 1075 Name Contact Information Purpose Fidelity Bond and Errors and Omissions fidelity_bond_and_errors_and_omissions_claims@fanniemae.com For reporting fidelity bond and errors and omissions losses and policy changes Fannie Mae Websites https://singlefamily.fanniemae.com For information about Fannie Mae’s single-family mortgage business solutions and doing business with Fannie Mae http://www.fanniemae.com/portal/index.html Corporate website Fixed-Income Investor Helpline 800-2FANNIE (800-232-6643) For information related to fixed- income securities, including MBS, debentures, and preferred stock Fannie Mae Offices https://www.fanniemae.com/about-us/contact-us To connect with us by mail, email, or phone Lender Eligibility and Compliance Unit Audited Financial Statement (AFS) page For submission of financial reports Loan Quality Center (LQC) Digital Data Control Team LQC File Receipt and Assignment DDC_inventory@fanniemae.com Fannie Mae Loan Quality Center Granite Park VII 5600 Granite Parkway Plano, TX 75024 For inquiries related to loan file and/or documentation submissions. Published May 6, 2026 1076 Name Contact Information Purpose MERS Program Office mers_users@fanniemae.com To notify Fannie Mae of the termination of a seller/servicer’s relationship with MERS Mortgage Fraud Reporting https://fims.my.salesforce-sites.com/MortgageFraudReport/ 800-2FANNIE (800-232-6643) To report suspected fraudulent mortgage activities and suspicious activity related to Fannie Mae business activities Mortgage Operations For less than 50 adjustments: LSDU Loan Servicing Data Utility For more than 50 adjustments: post_purchaseadjustments@fanniemae.com To request post- purchase adjustments Mortgage Record Change Form Address Fannie Mae Attn: Government Claims Manager Granite Park VII 5600 Granite Parkway Plano, Texas 75024 or P.O. Box 650043 Dallas, TX 75265-0043 The Fannie Mae address that must be completed on the Mortgage Record Change Form (HUD Form 92080) Onboarding Team newsellerservicer_inquiries@fanniemae.com To obtain reactivation requirements after a seller or servicer has been terminated Project Eligibility Review Service (PERS) Project Submission pers_projects@fanniemae.com To submit a complete PERS package via email, including all relevant supporting documentation. Published May 6, 2026 1077 Name Contact Information Purpose Privacy Office privacy_workinggroup@fanniemae.com or privacy_office@fanniemae.com To request permission to use Fannie Mae’s name or to provide written notice of a Cybersecurity Incident, data breach, or To provide notice of borrower enrollment in a state Address Confidentiality Program Registration and Account Management Registration and Account Management on Fannie Mae’s website: https://singlefamily.fanniemae.com/applications-technology/technology-manager Technology_Registration@fanniemae.com To obtain the Software Subscription Agreement and other technology registration forms Servicing Solutions Center servicing_solutions@fanniemae.com 800-2FANNIE(800-232-6643) Option 1, Option 3 For general servicer questions: case specific; servicing- related; loss mitigation; Home Affordable Modification-related questions Single-Family Certification and Custody Team certification_sf@fanniemae.com 1-800-2FANNIE (800-232-6643) Option 1, Option 5 For assistance with document certification and bailee letter information Single-Family Loan Delivery and Acquisitions Team acquisitions_loan_delivery@fanniemae.com 1-800-2FANNIE (800-232-6643) Option 1, Option 4 For assistance with loan delivery related questions or for submission of Form 360 and Form 482 Published May 6, 2026 1078 Name Contact Information Purpose Single-Family Lender Approval https://singlefamily.fanniemae.com/become-fannie-mae-seller-or-servicer For application to become a Fannie Mae-approved seller or servicer and obtain an MSSC Trust Agreement and Prospectus Requests 800-2FANNIE (800-232-6643) Fannie Mae Attn: Fixed Income Investor Marketing 1100 15th Street, NW Mailstop 2H-3S/17 Washington, DC 20005 To obtain the Trust Agreement, Prospectus, and related Prospectus Supplement U.S. Department of Education Federal Student Aid website https://studentaid.ed.gov/sa/types/loans/interest-rates To obtain current prevailing student loan interest rates E-1-03, List of Lender Contracts (08/05/2020) Introduction The following list summarizes the major contracts lenders must have in order to do business with Fannie Mae. It is intended to assist lenders in knowing the Fannie Mae contractual requirements that exist, but is not inclusive of all contracts that may be required. Lender Contracts Lender Contracts The following table summarizes the major contracts lenders must have in order to do business with Fannie Mae: Published May 6, 2026 1079 Contract Name Purpose How to Obtain it Mortgage Selling and Servicing Contract (MSSC) (and Addenda) For all lenders that sell loans to Fannie Mae or service loans on Fannie Mae’s behalf. The MSSC may include special approvals for lenders to deliver certain types of mortgage loans (for example, second mortgages, eMortgages, HomeStyle, and co-op share loans). How to Become a Fannie Mae Seller/Servicer Software Subscription Agreement (and applicable Schedules) Required for lenders to obtain access to any of Fannie Mae’s technology applications. Lenders must also sign one or more schedules to obtain access to specific applications. Technology Registration Forms Single-Family Servicing Applications Order Form/Schedule Completed the first time the lender applies for a single- family servicing application and is incorporated into the lender’s Software Subscription Agreement. Technology Registration Forms Single-Family Shipping and Delivery Applications Order Form/Schedule Completed the first time the lender applies for a single- family shipping and delivery application and is incorporated into the lender’s Software Subscription Agreement. Technology Registration Forms Published May 6, 2026 1080 Contract Name Purpose How to Obtain it Desktop Underwriter Order Form/Schedule Completed the first time the lender applies for access to Desktop Underwriter and is incorporated into the lender’s Software Subscription Agreement. Fannie Mae customer account team Technology Manager Administration Registration Form (Lender) Used to designate the lender’s Corporate Administrator and User Administrator. technology_registration@fanniemae.com or the Customer Contact Center at 1-800-2FANNIE (1–800–232–6643) Early Funding Contracts • As Soon As Pooled Sale Agreement • As Soon As Pooled Plus Funding Agreements Outlines contractual terms for delivering whole loans or pools to Fannie Mae using Early Funding products. Capital Markets Pricing and Sales Desk (see E-1-02, List of Contacts) Chapter E-2, Exhibits Introduction This chapter contains the exhibits referenced within this Guide. E-2-01, Required Custodial Documents (05/04/2022) Introduction This exhibit contains information on the custodial documents required for all mortgages. Required Custodial Documents Required Custodial Documents Custodial documents are the legal documents pertaining to a mortgage that the document custodian takes into physical possession when Fannie Mae purchases or securitizes a mortgage. Published May 6, 2026 1081 The following mortgage documents (when applicable) are required for all mortgages. Requirement Description Cover letter A document that contains the following: • lender name and contact information; • lender loan number; • property address; and • a list of the documents that are being included in the submission package (documents listed below). Note The original note endorsed “in blank” and without recourse and there is no break in the chain of endorsements. For MERS registered loans, the MIN should be added to the upper right-hand corner of the note and must be part of the electronic data delivery. The MIN must be registered prior to delivery. Modifications Originals of any instruments that modify the terms and conditions of the mortgage note (such as a modification agreement or an ARM addendum). Repair rider A Repair Rider or Addendum if a set-aside for repairs is required. Power of attorney A copy of the applicable power of attorney, if an attorney-in-fact signed the mortgage note (or any other acceptable alternative for the mortgage note) on a borrower’s behalf. If applicable law requires an original power of attorney for enforcement or foreclosure purposes, the document custodian must hold the original rather than a copy. If applicable law requires recordation of the power of attorney, it must be recorded. The name(s) on the power of attorney must match the name(s) on the note and must be dated such that it was valid at the time the note was executed. The power of attorney must be notarized. If a power of attorney is used because the lender determines such use is required by applicable law, the lender must include a written statement that explains the circumstances. Name affidavit A name affidavit, if the borrower signed under an “also known as (AKA) name” or used a signature that significantly differs from the typed name. Co-op documentation All applicable documentation required by Fannie Mae for a co-op share loan in the jurisdiction in which the co-op project is located. (Contact a Fannie Mae customer account team for specific documentary requirements.) Published May 6, 2026 1082 Requirement Description New York CEMA For a New York mortgage transaction that uses Form 3172, the executed and original Consolidated Note, the executed and recorded original of the CEMA and all exhibits to it (or a certified copy if the original is not yet available), and all required mortgage assignments. (Delivery of the original notes listed on the CEMA’s Exhibit A (the “Gap Note” and other prior notes) to the document custodian is not required, but the lender must maintain possession of all the Exhibit A original notes. For more information about use of the CEMA, refer to the instructions that are part of the form.) Indian guarantee certificate The Indian Loan Guarantee Certificate (HUD Form 53039), for a HUD Section 184 mortgage. Participation loans certificate Two originals of the executed Participation Certificate (Form 638), for a delivery of a participation interest in a group of participation pool mortgages. Facsimile signatures Facsimile signature language, as applicable. If a mortgage (or deed of trust) note is endorsed by facsimile signature, a certified copy of the endorsing entity’s corporate resolution authorizing specific officers by name or title to use facsimile signatures is acceptable. For additional requirements for the use of facsimile signatures, see B8-3-04, Note Endorsement. Notes signed by trustee If the loan indicates that it is a part of a trust, it must be signed by the borrower as both the individual and trustee. The signatures can be on two separate lines or on one line, clearly indicating signature as trustee and individual. Renovation Loan Agreement For HomeStyle Renovation loans with recourse, the model Renovation Loan Agreement (Form 3731) or its equivalent are required. See B5-3.2-06, HomeStyle Renovation: Renovation Contract, Renovation Loan Agreement, and Lien Waiver. The document package must be sent via overnight mail, express delivery (first delivery time), on the same day the lender submits the loan data to Loan Delivery. Clearly label As Soon As Pooled loan packages with “ASAP.” Do not staple one document to another and do not include any mortgages, deeds of trust, title insurance policies, or appraisals. Loan packages must be assembled in the following manner: Cover letter; Form 1068, Form 1069, or Form 2005, if available; Published May 6, 2026 1083 All loans together in one continuous stack with each individual document stapled when more than one page is present; Loans must be in the exact order in which they were transmitted to Loan Delivery; Each loan's documents should be placed in the following order: Loan modification agreement (if applicable), Note, Allonge affixed to the note (if note is not blank endorsed), and Other ancillary documents (power of attorney, CEMA documents, co-op documents, etc.) E-2-02, Suggested Format for Phase I Environmental Hazard Assessments (06/04/2025) Introduction This exhibit provides the suggested format for Phase I environmental hazard assessments. I. PROPERTY LOG II. SUMMARY OF PHASE I ASSESSMENT RESULTS/RECOMMENDATIONS III. INFORMATION CHECKLIST: INFORMATION SOURCES IV. INFORMATION CHECKLIST: EVALUATION OF SPECIFIC HAZARDS A. Waste Sites B. Polychlorinated Biphenyls (PCBs) C. Radon D. Underground Storage Tanks E. Asbestos F. Additional Hazards I. PROPERTY LOG Project Name: Property Address: Developer/Sponsor Name: Developer/Sponsor Address: Developer/Sponsor Telephone: Published May 6, 2026 1084 Lender Name: Lender’s Underwriter’s Name: Environmental Consultant: Consultant’s Firm Name: Consultant’s Firm Address: Consultant’s Telephone: Date Phase I Assessment Completed: Date Phase II Assessment Completed: II. SUMMARY OF PHASE I ASSESSMENT RESULTS/RECOMMENDATIONS 1. Check applicable result for each hazard, indicating for each “Fail” whether (1) there is a possible remedy or (2) whether a Phase II assessment is needed. Hazard Pass Fail Possible Remedy Waste Sites PCBs Radon Underground Stora