Freddie Mac Seller/Servicer Guide 8302.1: Custodial Account requirements and management
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Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 8302.1 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- (a) Custodial Accounts required
- (b) Opening Custodial Accounts
- (c) Custodial Account and custodial clearing account designation requirements
- (d) Custodial Account documentation requirements
- (e) What funds to deposit to the Custodial Accounts
- (f) When to deposit funds to the Custodial Account
- (g) Administering and reconciling Custodial Accounts
- (h) Honoring sight drafts
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.