Last reviewed 10-31-2026Short-Sale.com Editorialglossary

Principal and Interest Disbursement Clearing Custodial Account

FreddieMac

Updated 10-31-2026

Principal and Interest Disbursement Clearing Custodial Account

A Principal and Interest Disbursement Clearing Custodial Account is a Custodial Account established by a Servicer, at its option, specifically for drafting remittance funds due to Freddie Mac. The Servicer must deposit Principal and Interest Payments into the account immediately before remitting them to Freddie Mac.

FreddieMac Glossary

FreddieMac · p. 34

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