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 MaeFannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! 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 3: Asset Management: Loan Document Administration, Section 303: Execution of Documents by Servicer – Limited Power of Attorney for more information.