Servicing Guide

Published November 10, 2020

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What alternative documentation is acceptable to meet the requirements of a borrower response package (BRP) for borrowers in an active bankruptcy?

When a borrower is in an active Chapter 7 or Chapter 13 bankruptcy, the servicer is authorized to:

  • accept a copy of the bankruptcy schedule(s) in lieu of Form 710, provided that the schedule(s) is not more than 90 days old on the date the servicer receives the schedule(s),
  • accept tax returns, if returns are required to be filed and
  • use this information, along with any required income and hardship documentation as specified in Form 710, to determine borrower eligibility for workout options.

For more information please see: D2-2-05, Receiving a Borrower Response Package.

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If you have additional questions, Fannie Mae customers can visit Ask Poli to get information from other Fannie Mae published sources.

Guide Resources

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