§ 1024.17 Escrow accounts.
A servicer is considered unable to disburse funds from a borrower's escrow account to ensure that the
- 1024 (Regulation X)
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A servicer is considered unable to disburse funds from a borrower's escrow account to ensure that the
acquired by a purchaser pursuant to a forward commitment is subject to the requirement to establish an escrow
(iii) These provisions regarding deficiencies apply if the borrower is current at the time of the escrow
amount of the current and new payment allocated to principal, interest, and taxes and insurance in escrow
amount of the current and new payment allocated to principal, interest, and taxes and insurance in escrow
obligations described in § 1026.43(b)(8) that are known to the creditor and that will not be paid using escrow
The creditor requires an escrow account and that the consumer pay for private mortgage insurance for
The method used to determine the aggregate adjustment for the purposes of establishing the escrow account
For example, while certain information about the escrow account (such as the account balance) is not
., bond, escrow, or trust).
terminate after the 130th scheduled monthly payment, and the creditor collects at closing and places in escrow
allocation, a servicer may provide a printed screen-capture showing amounts credited to principal, interest, escrow
only two purposes: paying off the non-standard mortgage and paying for closing costs, including paying escrow
On the other hand, because only one escrow amount is disclosed under § 1026.18(s)(6) for negative
The creditor complies even if the consumer will not establish a monthly escrow for flood insurance.
assumes that the borrower will make monthly payments equal to one-twelfth of the estimated total annual escrow
consumer does not pay some or all property costs, such as adding amounts to the loan balance, adding an escrow
unit-period, and a statement referring to the payment amount that includes any mortgage insurance and escrow
consumer does not pay some or all property costs, such as adding amounts to the loan balance, adding an escrow
The creditor requires an escrow account and that the consumer pay for private mortgage insurance for
example, average charges may not be used for title insurance or for either the upfront premium or initial escrow
for mortgage insurance premiums pursuant to § 1026.37(c)(2)(ii) and the amount payable into an escrow
force-placed insurance is less than the amount the small servicer would need to disburse from the borrower's escrow
purchaser that the amount may be in addition to the contract payments unless there is a bona fide trust or escrow
The creditor requires an escrow account and that the consumer pay for private mortgage insurance.