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HomeClosing101.org; Elite Provider Directory; Make adjustments to the sample. Alta Survey S fortelem. The American Land Title Association, founded in 1907, is the national trade association representing more than 6,200 title insurance companies, title and settlement agents, independent abstracters, title searchers and real estate attorneys. No attorney-client or confidential relationship is formed by the transmission of information between you and the National Law Review website or any of the law firms, attorneys or other professionals or organizations who include content on the National Law Review website.If you require legal or professional advice, kindly contact an attorney or other suitable professional advisor. While most lenders require a title search before financing the acquisition of commercial real property, survey requirements are not as common. permalink. Effective February 23, 2021, the 2016 Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys (the 2016 Standards) were replaced by the new 2021 Minimum Standard Detail Requirements (the 2021 Standards). The requirements as of February 23rd 2021 are as follows: On site field work be performed by a licensed land surveyor or under his immediate supervision. What Every Multinational Company Should Know About . Reklamn soubory cookie se pouvaj k poskytovn relevantnch reklam a marketingovch kampan nvtvnkm. ALTAs Board of Governors approved the changes in October 2020. Web- The 2021 Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys are effective February 23, 2021. Any legal analysis, legislative updates or other content and links should not be construed as legal or professional advice or a substitute for such advice. Records Research - It is recognized that for the performance of an ALTA/NSPS Land Title Survey, the surveyor will be provided with appropriate and, when possible, legible data An ALTA Survey is, in effect, a combination of a boundary survey, an as-built survey and a title survey. In the 2021 ALTA Standards, the client now clearly has the option to negotiate with the surveyor (prior to the authorization of the survey) the exact wording of any of the optional table A items. If you unknowingly request unnecessary information or fail to request information that is needed, this can have potentially large impacts on the cost of an ALTA survey, and thus, the overall project budget. This allows for a clearer property transaction by showing additional easements that might affect the property, said DAmico, who is vice president of commercial surveys and mapping for First American Commercial Due Diligence Services Co. It also assists the title offices in revising commitments prior to insuring the property, if the easement has not been released. Partner is a coordinator of American Land Title Association (ALTA) Surveys, Boundary Surveys, and Topographic Surveys across the United States for use in commercial real estate transactions. Changes to the ALTA Title Insurance and Settlement Company Best Practices go into effect May 23, 2023. Real estate professionals order ALTA Surveys for different purposes and to satisfy different requirements. It will be helpful for those with a working understanding of the 2016 ALTA guidelines, and in general, the purpose of the ALTA Survey. An Alta Survey is a comprehensive and detailed land survey that covers the physical and legal aspects of a property. Todd D'Amico PLS, vice chair of the ALTA/NSPS Survey Work Group, said its the duty of the professional land surveyor to disclose any additional easement documents they may be aware of. The 2021 ALTA Requirements will become effective on Tuesday, February 23, 2021. Such markings shall be identified on the survey (except in cases where the source of the marking cannot be ascertained, in which case there should be a notation on the survey stating that the source is unknown). Thursday, March 4, 2021. The changes referenced in the 2021 ALTA Requirements have no major differences from that of 2016. These new requirements will supersede all prior versions. 2023 Fall Title Counsel ALTA WebAn ALTA survey is really a combination of many other land surveys including: boundary survey, title survey, as-built survey, and a location survey. V plnu mme ti developersk projekty v hodnot 300 milion korun. Below, there is a summary of the changes from 2016 to the 2021 ALTA Requirements. WebTitle: Microsoft Word - Minimum Standard Detail Requirements for ALTA NSPS Land Title Surveys A 2021 Author: jkeit Created Date: 1/8/2021 12:29:13 PM View the recording of our webinar explaining ALTA Survey Requirements, including: Contact us for more information on how our experts combine knowledge of the latest ALTA survey requirements with a hybrid survey approach to help clients save time and money without compromising quality. ALTA had previously adopted them on October 1 st . The Title Insurance Company may require a no new improvements affidavit from the BorrowerBorrowerPerson who is the obligor perthe Note. WebDigital Closings. However, several revisions were made throughout with the most significant ones being set forth below, as compared with the formerly-utilized 2016 Standards. Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys Updates. Web4. New Minimum Standard Detail Requirements for ALTA/NSPS WebALTA Survey. However, even if the purchase is not being financed or the lender doesnt require an ALTA survey, every commercial property buyer should strongly consider conducting an ALTA survey, to be aware of restrictions, easements, or other encumbrances that could affect development plans for the property. A new standard for ALTA/NSPS Land Title Surveys is coming in February of 2021, and because just about every commercial real estate transaction requires an ALTA Survey, this is a big deal. The owner of this website, USA Surveying & Engineering, LLC., provides coordination of professional land surveying and engineering services in all 50 states. SURVEY REQUIREMENTS In order to renew online you must log in as the primary contact for your company. Engineers, mappers, and surveyors will go by the [] ALTAs Board of Governors approved the changes in October 2020. WebAn ALTA survey, thus, stands as a higher level of proof. Feb. 23, 2021. There are also updates to resolve inconsistent, confusing or conflicting language in and across the different sections. Clients often misunderstood the scope of this item often they only want the boundaries of these appurtenant easements depicted, which is already required as part of the minimum standards, rather than also the improvements within the easements which is the purpose of this Table A item. The 2021 ALTA Standards Optional Table A item 11a and b now remove the choice for the client to ask the surveyor to contact the 811 locate requests. This process is automatic. It was determined that clients and lenders tended to wrongly interpret that the item meant for the surveyor to be the field expert identifying and locating wetlands on the surveyed premises, which is not something professional surveyors are trained to do (a wetlands expert should do this). E. Easements and Servitudes:The surveyor is still required to locate evidence of easements and servitudes in the 2021 ALTA Requirements as was noted in the 2016 standards. ALTA Improvements, and Any prior surveys using the 2016 standards or earlier versions requiring updates, will need to satisfy these requirements. The forms are copyrighted, and use is restricted to ALTA Policy Forms Licenseesincluding ALTA membersin good standing as of the date of use. 3. Pouvme tak soubory cookie tetch stran, kter nm pomhaj analyzovat a porozumt tomu, jak tento web pouvte. Deal-Appropriate Due Diligence: A Guide ALTA Please refer to the exact wording to be used in the requirements. JAVASCRIPT IS DISABLED. The NSPS Board also approved the ALTA Freddie's multi-factor criteria follow the MBA-ALTA and RULONA model acts, as well as the MISMO standards, while Fannie's audio-visual standards say that either two forms of signed As projects move through the commercial due diligence process, real estate professionals need to be aware that there is a new standard set of requirements. Please enable JavaScript on your browser and try again. 2 Overview Contents If selected these offsite benefitting easements would have all of the improvements located on them and shown on the survey pursuant to all of the current ALTA Standards. Gary Kent, chair of the ALTA/NSPS Survey Work Group and owner and manager of Meridian Land Consulting LLC, said the changes directly or indirectly assist surveyors, while importantly, not diminishing the value of the product for the ultimate usertitle insurers. Copyright 2023 Womble Bond Dickinson (US) LLP All Rights Reserved. Post Tento web pouv soubory cookie ke zlepen vaeho zitku pi prochzen webem. Please note that 11b would likely be an expensive item to complete and typically would benefit a design survey (a survey used by a civil engineer or architect to provide design drawings for changes to the property). The professional surveying and engineering services provided to you will be conducted by fully licensed professionals in your state. Attorney Advertising Notice: Prior results do not guarantee a similar outcome. Id. This supplemental should never replace in any way the 2021 ALTA Requirements. ALTA Web Development and SEO by: Southern SEO Secured Lender Duffs Golf Course Valuation Hearing. As of that date, all previous versions of the Minimum Standard Detail Requirements for ALTA/ACSM or ALTA/NSPS Land Title Surveys are superseded by these standards. Financial Crimes Enforcement Network (FinCEN), Non-Title Recorded Agreements for Personal Service, National Title Professional Designation (NTP). 2023 Construction Standards. The intent is only to familiarize the reader with the new and upcoming changes. ALTA Ogletree, Deakins, Nash, Smoak & Stewart, P.C. There are also several notable changes to the optional items of Table A, including a substantial modification to Item 11 that deals with underground utilities. The American Land Title Association (ALTA) and the National Society of Professional Surveyors (NSPS) revised the minimum standards for ALTA/NSPS land title surveys (ALTA Surveys) in 2016. WebALTA Best Practices 4.0 - Template for Policy and Procedures [M] [C] [A] Title Insurance and Settlement Company Best Practices Framework V 3.0 (10-17-2019) ** OLD VERSION - FOR REFERENCE ONLY **. This peace of mind typically comes with a price tag between $500 and $1,500, depending on the size and complexity of the property. . Minimum Standard Detail Requirements for ALTA/NSPS Land Title Survey WebTIAC began insuring ALTA members in June of 1988, making TIAC one of the oldest and most experienced insurers for title agents and abstracters E&O insurance. ALTA had previously adopted them on October 1st . SEC Disclosure Requirements for Material Cybersecurity Incidents SEC Proposes Rule to Address Use of AI By Broker-Dealers and CMS Proposes Changes to Medicare Provider Enrollment Rules, Privacy Tip #367 Update your Apple Operating System to 16.6 NOW. Comparative 4th Quarter 2021 vs 2020 Family Company Summary. The 2021 Standards include the same eight sections as the 2016 Standards that detail the minimum requirements for ALTA surveys, along with the separate Table A optional survey responsibilities and specifications that may be requested (and negotiated) by the parties. By employing UAS technology where appropriate, we deliver projects faster, saving our clients time. WebAmerican Land Title Association (ALTA) National Society of Professional Surveyors (NSPS) Minimum Standard Detail Requirements For ALTA/NSPS Land Title Surveys TABLE A OPTIONAL SURVEY RESPONSIBILITIES AND SPECIFICATIONS 2021 ALTA/NSPS Survey Standards Update ALTA/NSPS Standards effective February 23, 2021. Jacksonville, FL. You can find a copy of the new standards here: https://www.nsps.us.com/page/2021ALTA They use this data to create a plat or map to illustrate the property. ALTA Surveys ALTA strives to help members identify the benefits and risks associated with digital closings in order to put the industry in the best position to solve problems and inspire innovative ideas. The new standards go into effect on February 23, 2021. C. Easements, Servitudes, Rights of Way, Access and Documents:New to the 2021 ALTA Standards, when a surveyor makes notes on the survey regarding easements and servitudes, the surveyor may now provide additional information regarding the easements and servitudes, etc. WebTitle Industry Statistical Analysis by Family and Company (2021 and 2020) Comparative 2021 vs 2020 Family Company Summary. Revisions to the Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys go into effect. Relatedly, Section 5.E.iv. ALTA Survey The changes primarily focus on modifications making the standard easier to understand. Survey WebALTA Surveys, Zoning Reports, Environmental and Assessment By NV5. Real Estate and Land Use attorneys Diane McDermott, Maria de la Motte and Dianne Phillips co-authored an article for the Environmental Bankers Association highlighting key regulatory changes of which developers, lenders and other survey clients and users should be aware. The 2021 change to the ALTA/NSPS minimum survey standards is a long overdue clarification of the 1995 United States Supreme Court case of Gutierrez de Martinez v. Florida House Bill No. ALTA Survey Requirements Checklist. The Other Shoe Drops: What the FTCs Withdrawal of Long-Standing REVERSE FDI Towards an EU Outbound Investment Control Regime? Learn how we can support your next project or share insights via our newsletter. The National Law Review - National Law Forum LLC 3 Grant Square #141 Hinsdale, IL 60521 Telephone (708) 357-3317 ortollfree(877)357-3317. If you would ike to contact us via email please click here. Optional Table A item 18 in the 2021 ALTA Requirements was formerly Table A item 19 in 2016 requirements. ALTA ALTA Survey Off the Charts: Derivative Work Copyright Registers All Material in CHATTY WHEELS OF CONTROVERSY: U-Hauls Chat Box Lands Them in CIPA On the Road with Generative AI: Key Legal Considerations for the District of NJ: Federal Courts Lack Jurisdiction to Enforce 2023 Title Insurance Financial Survey/Overview, Bipartisan Legislation Would Strengthen USDAs BioPreferred Program. ALTA Certification, 8. On the other hand, an ALTA survey reveals advancements, hazards, and other specifics. Web- The 2021 Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys are effective February 23, 2021. Fort Pierce, FL. We effectively handle and facilitate the coordination of surveyors, title, ordering, process, product and delivery. HANDBOOK FOR COMMERCIAL REAL ESTATE DUE Table A Optional Survey Responsibilities and SpecificationsThere are only 19 optional items to choose from in the 2021 ALTA requirements as opposed to 20 optional items in the 2016 version (plus a blank option for additional scopes not included in the minimum standard or Table A options). Proposed Merger Guidelines Outline Fundamental Change Of Approach To Merger Texas Revolution: State Legislature Creates New Business Court System to Handle SEC Adopts Final Cybersecurity Risk Management and Incident Disclosure Regulations, B&D Sponsoring, Speaking at NBA's 2023 Annual Convention, Product Stewardship Practices for Effective Supply Chain Interaction, David Friedland to Provide Clean Air Act Update for the Practising Law Institute, B&D Sponsoring, Speaking at 35th Annual Texas Environmental Superconference. MINIMUM STANDARD DETAIL REQUIREMENTS WebStandard Detail Requirements for ALTA/NSPS Land Title Surveys take effect. Alta-Survey-Requirements. Effective date. As of that date, all previous versions of the Minimum Standard Avoiding Antitrust Traps for the Unwary: Guardrails for Healthcare OFSI Updates Guidance on Refusing Licences, New Massachusetts DEP Regulations Target Cape Cod Septic System. Please enable cookies on your browser and try again. Table A optional item 6a and 6b of the 2021 ALTA requirements now list the specific information (the current zoning classification, setback requirements, the height, and floor space area restrictions, and parking requirements specific to the surveyed premises) that need to be included in a zoning report or letter provided to the surveyor by the client. WebLocal Survey Standards vs ALTA/NSPS standards. On February 23, 2021, the latest revisions to the Minimum Standard Detail Requirements For ALTA/NSPS Land Title Surveys went into effect, with some modest modifications to the language and requirements. Vkonnostn cookies se pouvaj k pochopen a analze klovch vkonnostnch index webovch strnek, co pomh pi poskytovn lep uivatelsk zkuenosti pro nvtvnky. Other Requirements and Standards of Practice Lender and Buyer instructions will need to be corrected. which reminds us that many states and some local jurisdictions have adopted statutes, administrative rules, and/or ordinances that set out standards regulating. Please note that prior to the February 23 Zakldme si na tom, e vechno, co dlme, dlme poctiv. Topographic surveys that also depict land boundaries are entitled "Boundary and Topographic Survey" or "ALTA/ACSM Land Title and Topographic Survey", and are subject to the current minimum standards established for the ALTA/ACSM Land Title Surveys or Boundary Surveys in the Illinois Administrative Code, except where differing This optional item should not be selected if observed evidence of utilities (above ground and visible items) are all that is needed. Garantujeme zhodnocen pinejmenm 7,2 procenta. Budeme rdi, kdy se k nm pidte S nmi vedle nelpnete. However, there is a new inclusion for utility location markings (ex. Surveying Standards and Standard of Care, 4. You should consider whether an adverse circumstance found by a survey would be acceptable. Examples include: Registration and Multifamily Affordability Estimator, Borrower, Guarantor, Key Principals, and Principals, Joint and Several Borrowers with Multiple Properties, Key Principals, Principals, and Guarantors, Subordination, Non-Disturbance and Attornment, Tenant Estoppel Certificate; Lease Modification, Acceptable Renewable Energy Generation Systems, Underwritten Net Cash Flow (Underwritten NCF), Property Previously Secured Bond Financing, Exception for Taxes, Assessments, or Other Lienable Items, Environmental Protection Lien Endorsement, Uniform Commercial Code (UCC) Financing Statements, Creating and Perfecting the Security Interest, Escrow Requirements for Taxes and Insurance, General Insurance Applies to All Policies, Blanket and Other Policies Covering Multiple Properties, Business Income (including Rental Value) Insurance, Boiler and Machinery / Equipment / Mechanical Breakdown Insurance, Risk Retention Groups and Captive Insurance, Directors and Officers Liability Insurance, Rehabilitation Work Costing More than $20,000 Per Unit, HPB Module, HPB Report, and Technical Solar Report Scoring, HPB Module, HPB Report, and Technical Solar Report Approval, Continuing Care Retirement Communities (CCRCs), Dependency and Medicaid Transition Reserve, Management, Operations, and Regulatory Compliance, Collateral; Tenant-Occupied and Affiliate-Owned Homes, Public Roadways, Private Interior Roadways, and Drives, Multifamily Affordable Housing Properties, Eligible Characteristics and Underwriting, Ineligible Characteristics and Underwriting, Affordable Regulatory Agreement Restrictions, Lien Priority and Title Insurance Policy, Restrictive Covenants and Affordable Regulatory Agreements, Additional Underwriting and Loan Documents, Properties with Both HAP Contracts and LIHTC Units, Refinancing Section 236 Properties IRP is Maintained, LIHTC Properties Lender Equity Interest, Transactions with Fannie Mae Debt and Equity Interests, Transactions Funded with Tax-Exempt Bond Proceeds, Fannie Mae Credit-Enhanced Tax-Exempt Bond Issuance, Borrowers, Key Principals, Guarantors, and Principals, Lender FHA Risk Sharing Reserve and Loss Sharing Modifications, Cooperative Market Rental Basis NCF (Underwritten NCF), Cooperative Market Rental Basis DSCR (Underwritten DSCR), Small Mortgage Loan Underwritten NCF (Underwritten NCF), Site Inspection by Lender or Other Third Party, Borrower, Key Principals, Guarantors, and Principals, ARM 5/5 Loan Optional 5-Year Adjustable Rate Term Renewal Eligibility, Structured Adjustable Rate Mortgage (SARM) Loans, Prepayment Option 1 Declining Prepayment Premium Schedule, Prepayment Option 2 - 1% Prepayment Premium Schedule, Including the Cap Cost Factor in the Variable Underwriting Rate, Interest Rate Cap Contract Documentation and Delivery, Hybrid Adjustable Rate Mortgage (Hybrid ARM) Loans, Split Mortgage Loans and Bifurcated Mortgage Loans, Bond Transactions and Credit Enhancement Mortgage Loans, Fannie Mae LIHTC Investment in Credit-Enhanced Bonds, Taxable Tails and Supplemental Mortgage Loans, Moderate Rehabilitation Mortgage Loan with Side-by-Side Bond Financing, Interest Rate Determination and Rate Lock, Third Party MBS Investor Delivery Scenarios, ARM 5/5 Optional 5-Year Adjustable Rate Term Renewal, Credit Enhancement Mortgage Loan Committing and Delivery, UCC Continuations, Amendments, and Terminations, Releasing/Reducing Letters of Credit or Other Collateral, Collection, Tracking and Reporting of Monthly P&I Payments and T&I Amounts, Reporting Loan Activity and Security Balance, Monthly Securitized Mortgage Loan Security Balance Reporting, Same Month Pooling Security Balance for First Reporting Cycle, Security Balances Due by Second Business Day, Monthly MBS Mortgage Loan Reconciliations - Pool-to-Security Balance Reconciliations (Not Applicable to PFP MBS), Required Annual Adjustment to Correct Principal Balance vs. Security Balance Difference, Pool-to-Security Reconciliation Certification, ARM Loan Interest Rate and Monthly Payment Changes, Adjustable Rate Mortgage Loan Interest Rate Changes and Required Monthly Payments, Monthly Reporting for ARM Loan Payment/Rate Changes, Delinquency Advances on a Mortgage Loan other than a Credit Enhancement Mortgage Loan, Delinquency Advances on a Credit Enhancement Mortgage Loan, Servicing Advances on a Mortgage Loan other than a Credit Enhancement Mortgage Loan, Servicing Advances on a Credit Enhancement Mortgage Loan, Duration of Payment of Delinquency Advances or Servicing Advances, Reimbursement for Delinquency and Servicing Advances, Repayment of Servicing Advances from Borrower, No Capitalization of Servicing Advances for Securitized Mortgage Loans, Monthly P&I Remittance Due Dates for Cash and MBS Transactions, Additional Requirements for Monthly Remittance for Security Transactions, Securitized Mortgage Loans Remitting Fees to Fannie Mae, Guaranty Fee Due on 7th Calendar Day of Month, Same Month Pooling Interest and Guaranty Fee Remittance for First Reporting Cycle, Notification to Fannie Mae if Unable to Have Funds Available on any Remittance Date, Review of Applicable Loan Documents Required, Notification of Prepayment; Timing of Prepayment, Notice and Timing Consistent with Loan Documents, Borrower Notice Must Contain Date of Intended Prepayment and Comply with Notice Requirements of the Loan Documents, Loan Document Requirements for Payoff and Lockout Dates, Notice to Fannie Mae of Proposed Payoff; Use of Fannie Mae Payoff Calculator, Timing of Confirmation of the Full Prepayment Payoff Amount, Full Prepayment for Cash Transactions and PFP MBS, Confirming the Full Prepayment Payoff Amount, Full Prepayment for Securitized Transactions (Not Applicable to PFP MBS), Partial Prepayments Not From Insurance or Condemnation Proceeds, Fannie Mae Approval Required for Partial Prepayments, Prepayment Premium Due on Partial Prepayment, Reporting and Remitting Partial Prepayments When Not Permitted in Loan Documents, Reporting and Remitting Partial Prepayments When Permitted in Loan Documents, Prepayments (Full or Partial) Involving Insurance Proceeds or Condemnation Awards, Reporting and Remitting Partial Prepayments, Yield Maintenance Prepayment Premiums Prepayment Occurs Before the Yield Maintenance Period End Date, Calculation of Investors Share of Total Prepayment Premium for a Securitized Mortgage Loan, Calculation of Fannie Maes Share of Total Prepayment Premium, Calculation of Servicers Share of Total Prepayment Premium, Yield Maintenance Prepayment Premiums Prepayment Occurs On or After the Yield Maintenance Period End Date, Prepayment On or After Yield Maintenance Period End Date, Fixed Rate Mortgage Loans with Graduated Prepayment Premiums, Prepayment Premiums for ARM Loans and Structured ARM Loans, Prepayment Premium Waivers; Servicers Share of Prepayment Premium, Servicer Notification of Payoff Amount to Borrower, Calculating and Obtaining Confirmation of Payoff Amount, Fannie Mae Will Not Confirm Nor Is Responsible for Amounts Owing to Servicer, Fannie Mae Confirmation of Full Payoff Amount, No Quote to Borrower Until Fannie Mae Confirmation, Reporting the Payoff and Remitting the Payoff Funds, Reporting Full Payoff Amount Through the eServicing System Due By 2nd Business Day of Month, Post Payoff Document Retention Requirements, DUS Bond Credit Enhancement Transactions Reporting and Remitting Requirements, Monthly Bond Credit Enhancement Reporting, Monthly Remittances of Scheduled Payments to Bond Trustee, Replenishment of Withdrawals from the PRF, Collection and Remittance of Borrower Reimbursement Obligations for Fannie Mae Advances, Notice and Collection of Other Fees and Expenses, Bond Redemption Premiums Payable to Bondholders, Termination Fee or Prepayment Premium Payable to Fannie Mae, Termination When No Prepayment Occurs; Weekly Variable Rate Transactions, Mortgage Loan Documents Must Permit Defeasance, Reporting Collateral Balances in Custodial Accounts, Internal Revenue Service Reporting Requirements, Notifying the Internal Revenue Service about Abandonments or Acquisitions (IRS Form 1099-A), Notifying the Internal Revenue Service about Cancellations of Indebtedness (IRS Form 1099-C), Coordination with Reporting Abandonments or Acquisitions, Borrower's T&I Impositions and Custodial Accounts, Asset Management: Loan Document Administration, Monitoring Compliance with Loan Documents, Delegation of Decision-Making Authority; Retention of Outside Legal Counsel, Execution of Documents by Servicer Limited Power of Attorney, Servicer Certification When Fannie Mae Approval Is Not Required, Servicer Certification When Fannie Mae Approval Is Required, Submitting the Request for Subordinate Financing, Funds as Additional Security for Mortgage Loan, Waiver or Modification of Terms of Collateral Agreement, Achievement Agreement or Other Agreement for Additional Collateral, Draws on Letters of Credit or Application of Other Collateral, Releasing Additional Escrows for Principal and Interest, Taxes and Insurance, and Replacement Reserves, Completion/Repair Loan Document Amendments, Green Rewards Efficiency Measure Verification, Replacement Reserve Loan Document Amendments, Modifications to Replacement Reserve Deposits, When Replacement Reserve Funding Was Partially or Fully Waived, Items Eligible for Funding from the Replacement Reserve, Items Not Eligible for Funding from the Replacement Reserve, Return of Replacement Reserve Funds to Borrower, Alternative Funding of Replacement Reserves for Portfolio Mortgage Loans, Replacement Interest Rate Hedge and Notification, Replacement Interest Rate Hedge Documents and Follow Up, Notice of Lien or Noncompliance with Applicable Laws, Ordinances and Regulations, No Financing for Property and Liability Insurance Premiums, Flood Map Changes; Obtaining Flood Insurance, Servicers Administrative Costs and Expenses, Casualty Losses Performing Mortgage Loans, Required Casualty Loss Property Inspection, Documentation for Required Casualty Loss Property Inspections, Endorsement of Insurance Loss Draft or Check When Payable to Fannie Mae, Endorsement of Insurance Loss Draft or Check When Not Payable to Fannie Mae, Insurance Loss Draft or Check Not Payable to Either Fannie Mae or Servicer, Borrowers Failure to Diligently Pursue Repair, Casualty Losses Non-Performing Mortgage Loans, Decisions Delegated by the Delegated Transaction Form 4636 series, Supplemental Mortgage Loans Not Permitted, Decisions and Actions Delegated and Not Delegated, Seniors Housing Expansion/Conversion Requests, Request Changes in Unit Count/Mix in the MAMP, Credit Enhancement Mortgage Loans and Multifamily Affordable Housing Properties, Compliance Issues Relative to Bond Credit Enhancement Transactions, Monitoring Compliance; Notification of Noncompliance, Default Notice for Failure to Comply with the Bond Documents, Multifamily Affordable Housing (MAH) Properties, HAP Contract Approval and Releasing Restabilization Reserve, MH Communities with Tenant Site Lease Protections, Quarterly Financial Analysis of Operations, Borrower Fails to Provide Guarantor Financial Reports, Secondary Risk Mortgage Loans and Primary Risk Mortgage Loans, Lender Tenders for Minor or Immaterial Defaults, Definition of Non-Performing Mortgage Loan, Partial Payments by Borrower Do Not Change Date of Default, Timing for Imposition of Late Charges and Default Interest, No Deduction for Late Charges or Default Interest, Enforceability of Late Charges and Default Interest, Notice to Fannie Mae of Performance Default, Full Payment After Expiration of Period Before Assessing Late Charges, Copies of Letters Sent to Borrower; Correspondence with Borrower, Capital Repairs and Protection of Property and Property Income, Funding Capital Repairs During Default Resolution, Documenting the Property Management Change, Reinstatement; Calculation of Payoff Amount, Non-Performing Primary Risk Mortgage Loans Transfers to Fannie Mae Special Asset Management, Non-Performing Secondary Risk Mortgage Loans Special Servicing, Servicer Performs Loss Mitigation Actions, Servicer Workout Action Template (SWAT), Special Servicing of Primary Risk Mortgage Loans, Fannie Mae Performs Loss Mitigation Actions, Election and Implementation of a Course of Action, Course of Action Lender Purchase of Mortgage Loan, Course of Action Lender Workout Election, Documentation and Terms of Lender Workout, Lender Workout Has No Impact on Loss Sharing or Recourse Obligation, Servicer Makes Delinquency Advances But Fails to Report Mortgage Loan Delinquent, Foreclosure Process Continues Unless Otherwise Agreed to by Fannie Mae, Delinquency Advances Must Be Made During Negotiation of Joint Workout, Modification, Extension, and Forbearance Fees, Management of Property Post Title Vesting in Fannie Mae, Course of Action Note Sale Election or Discounted Loan Payoff, Note Sale and Discounted Loan Payoff Defined, Any Note Sale or Discounted Payoff Gives Rise to Loss Sharing Event, Note Sale Secondary Risk Mortgage Loans, Discounted Loan Payoff - Secondary Risk Mortgage Loans, Calendar Days 31 through 60 after a Payment Default or Performance Default, No Disclosure of Lenders Contract Terms to Borrower; Borrower Not a Third-Party Beneficiary of Lender Contract, Asset Audits for Secondary Risk Mortgage Loans, Special Requirements for the Environmental Assessment, Loss Sharing and the Appraisal Process in connection with a Foreclosure Event, Appraisal Notice and Election of Appraisal Methodology, National Society of Professional Surveyors.