Appendix I-06Form1 ACH Debit Authorization

Ginnie Mae Mortgage-Backed Securities Programs

Appendix I-06Form11709A

OMB: 2503-0033

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ACH Debit Authorization


U.S. Department of Housing

and Urban Development

Government National Mortgage Association

OMB Approval No. 2503-0033 (Exp. 00/00/0000)


Public reporting burden for this collection of information is estimated to average 2 minutes per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. This agency may not collect this information, and you are not required to complete this form, unless it displays a valid OMB control number.


The information is required by Sec. 306(g) of the National Housing Act, 24 CFR Part 300 and/or by Ginnie Mae Handbook 5500.3, Rev. 1. The information collected is required to authorize the depository, as security holder of all book-entry Ginnie Mae I MBS, to make ACH debits to an issuer’s central P&I custodial account for all payments due on such securities, and to authorize the CPTA, as Ginnie Mae’s agent, to make ACH debits to an issuer’s central P&I custodial account for all payments due on Ginnie Mae II MBS and all guaranty fees due Ginnie Mae with respect to all Ginnie Mae I and II MBS. The information collected will not be disclosed outside the Department except as required by law.


The Central Paying and Transfer Agent (CPTA), as Ginnie Mae's agent, is hereby authorized to initiate ACH debits against the issuer's central principal and interest (P&I) custodial account at the bank, referenced below, for monthly guaranty fees due in connection with all Ginnie Mae I pools and loan packages, and for monthly P&I payments and guaranty fees due in connection with all Ginnie Mae II pools and loan packages for which the issuer named below is responsible. The Ginnie Mae Depository is authorized to initiate ACH debits against the central P&I custodial account at the bank referenced below, for monthly P&I payments and prepayment penalties on multifamily loans due in connection with all book-entry securities backed by Ginnie Mae I pools and loan packages for which the issuer named below is responsible.


The referenced central P&I custodial account has been established using the Master Agreement for Servicer's Principal and Interest Custodial Account, form HUD-11709, which is already on file with Ginnie Mae, or which accompanies this submission. The account number, shown below, is the same as the account number of the central P&I custodial account established with form HUD-11709.


The amount for P&I payments and prepayment penalties due security holders and guaranty fees due Ginnie Mae, based on the RPB data reported by the Issuer, shall be charged against this account. Any discrepancies in the amount debited from this account in connection with Ginnie Mae I and Ginnie Mae II guaranty fees and P&I payments for Ginnie Mae II pools and loan packages are to be reported to the CPTA. Discrepancies in connection with P&I payments for Ginnie Mae I pools and loan packages and prepayment penalties are to be reported to the Depository. The CPTA, in connection with Ginnie Mae II pools and loan packages, and the Depository, in connection with Ginnie Mae I pools and loan packages and prepayment penalties, will credit, in favor of this account, any amount that was debited over the amount required by the properly reported RPB or prepayment penalty data, where applicable. Discrepancies with respect to Ginnie Mae guaranty fees shall be referred to Ginnie Mae's Data Collection, Analysis and Risk Management Agent for resolution.


This authorization will remain in effect until such time as: (a) a change of bank account is requested and approved by Ginnie Mae, or (b) all applicable pools and loan packages are terminated.


Shape2 Please check the appropriate box for which this account pertains. If the same account is not used for both Ginnie Mae I and Ginnie Mae II pools and/or loan packages, a separate authorization must be executed for each account.


Shape5 Shape4 Shape3


Ginnie Mae I Ginnie Mae II Ginnie Mae I & II



Issuer Name Address



Shape10


Issuer Number Authorized Signature Date



Shape11

This authorization is in connection with a change in the central P&I custodial account.



Central P&I Custodial Account


Name of Bank Address


Account Name Account Number

_

Bank’s ACH Routing Code



Shape18

form HUD-11709-A (01/2006)

Previous editions are obsolete Page 1 of 1 ref. Ginnie Mae Handbook 5500.3, Rev. 1


File Typeapplication/vnd.openxmlformats-officedocument.wordprocessingml.document
File TitleCommitment to Guarantee
AuthorDianne Cooperman
File Modified0000-00-00
File Created2023-10-02

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