102.02

UCC Continuations, Amendments, and Terminations

Operating Procedures

You are authorized and required to file:

  1. All UCCUCCUniform Commercial Code continuation statements in all appropriate jurisdictions.
  2. Any UCCUCCUniform Commercial Code financing statement amendments to correct any scrivener’s error.

Unless Fannie Mae granted you a Limited Power of AttorneyLimited Power of AttorneyLegal document authorizing a Servicer to execute certain Loan Documents related to the asset management of a Mortgage Loan as attorney-in-fact on behalf of Fannie Mae. , you are not authorized to

  • sign or file any UCCUCCUniform Commercial Code financing statement amendment other than for a scrivener’s error, or
  • terminate any UCCUCCUniform Commercial Code financing statement.

Guidance

See Part V, Chapter 4: Asset Management: Loan Document Administration, Section 403: Execution of Documents by Servicer – Limited Power of Attorney for more information.