Selling Guide B7-3-08, Mortgagee Clause, Named Insured, and Notice of Cancellation Requirements
Published by Fannie Mae. Jurisdiction US.
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The applicable insurance policy must include or have attached a standard or union mortgagee clause without contribution.
claim fnma-b7-3-08#c1When Fannie Mae is named, the mortgagee clause must read Fannie Mae, in care of the servicer's name and address.
claim fnma-b7-3-08#c2The individual property or flood insurance policy must name all persons holding title to the subject property as named insured.
claim fnma-b7-3-08#c3The property insurance policy must provide for written notice to the named insured and mortgagee or mortgagees before the insurer can cancel the policy.
claim fnma-b7-3-08#c4This section addresses naming and notice and does not state the amount of coverage required.
claim fnma-b7-3-08#c5
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Fetched on 2026-08-31. The page displays a December 14, 2022 effective date. Published: 2022-12-14 Effective: 2022-12-14