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i. Fidelity Bond (09/14/2015)
The Mortgagee must submit a Notice of Material Event to FHA of any significant change(s) to its fidelity bond coverage. If a Mortgagee loses its fidelity bond coverage it must obtain a new policy within 30 Days.
HUD Handbook 4000.1 I.A.7.i: Fidelity Bond
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.