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Understanding Custodial Accounts Reference Guide

Understanding Custodial Accounts Reference Guide February 2021 Notice The information in this manual is intended to provide general guidance to Freddie Mac Servicers. The information is offered as an aid in, not a substitute for, complying with requirements set forth in the Single-Family Seller/Servicer Guide (the Guide ). Each Freddie Mac approved Servicer must comply with all applicable provisions in the Guide , and all other purchase documents, as that term is defined in the Guide .

A custodial account is a demand deposit account or interest-bearing deposit account you must establish and ... statement cuts off at the end of the month to correspond with the time period being ... Payoff (All types) Exception codes:

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  Testament, Demand, Custodial, Payoff

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