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E-2.3-07, Cross-Border Insolvency Proceedings (11/12/2014)

In the event the servicer is notified of a cross-border insolvency proceeding under Chapter 15 of the Bankruptcy Code, the servicer must contact Fannie Mae’s Legal department (see F-4-02, List of ContactsF-4-02, List of Contacts) to obtain specific instructions about how such a filing should be reported to Fannie Mae, and to discuss the handling of the matter, including legal fees and costs.

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