MPF Traditional – Release of Documents Reporting Reminder
Effective Date: Immediately (unless otherwise noted)
Clarified reporting obligations when a Servicer has received documents from the Collateral File from the Custodian.
The MPF Provider will notify Servicers on a monthly basis regarding Collateral Files that have been released for non-liquidation purposes for more than ninety (90) days.
Servicers are required to respond to the MPF Provider within 24 hours of receipt of notification and must provide a reason why the Collateral File has not been returned to the document Custodian.
As a reminder, when items from the Collateral File are needed, the Servicer must submit a Request for Release of Documents (Form SG340) to the Custodian.
For additional information, refer to Section 1.7.6: Release of Documents of the MPF Traditional Servicing Guide.
- MPF Announcement 2023-29