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SVC 2012-10: Fannie Mae Updates Notice of Data Breach and Incident Response Policy

Fannie Mae published Announcement SVC 2012-10, which updates its notice of data breach and incident response policy to require servicers to provide written notice to Fannie Mae of a data breach in addition to notifying consumers and/or state or other authorities, as required under applicable privacy and data security breach laws.  This policy change is effective immediately for all loans where a data breach occurs on or after the date of this Announcement.

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