Fannie Mae Servicing Guide E-2.1-06 — Reviewing Bankruptcy Reorganization Plans

fnma-svc-e-2-1-06

Fannie Mae Servicing Guide E-2.1-06 — Reviewing Bankruptcy Reorganization Plans.

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Verbatim provisions from Fannie Mae Servicing Guide E-2.1-06 — Reviewing Bankruptcy Reorganization Plans — 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 E-2.1-06 — Reviewing Bankruptcy Reorganization Plans

Effective 2014-11-12 · publisher's stamp for this provision

E-2.1-06, Reviewing Bankruptcy Reorganization Plans (11/12/2014) The servicer or the law firm must obtain a copy of any proposed reorganization plan and review it prior to the confirmation hearing and any deadline to object to confirmation. The review must consider the scenarios described in the following table. If any of the following statements are true… Then… the plan attempts to modify the security deed or mortgage, the note, the principal balance, the interest rate, or the maturity date the servicer must ensure that the attorney files an Objection to the Confirmation or to other motions filed by the debtor, as appropriate. the plan does not include the correct arrearage claim amount and provide for the payment of interest (where permissible to collect) the plan does not provide for the arrearage claim to be paid in a reasonable period of time in accordance with local rules and practices the plan does not provide for attorney fees The servicer must direct the law firm to request that post-petition payments be sent directly to the servicer unless local rules and practices require post-petition payments to be sent to the trustee. If the security property is located in a jurisdiction that allows the trustee to receive both the pre-petition and post-petition monthly payments, and the confirmation hearing is not held within 45 days of the meeting of creditors, the servicer must instruct the law firm to consider requesting interim payments by filing a Motion for Adequate Protection Payments, if permitted by the bankruptcy court.

Source: Fannie Mae Servicing Guide E-2.1-06 — Reviewing Bankruptcy Reorganization Plans · source URL · snapshot cf63a82bbb4adfba

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Source of record: https://claudeforcompliance.com/regs/fnma-svc-e-2-1-06/ · register fnma-svc-e-2-1-06 · 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.