§ 1026.35 Requirements for higher-priced mortgage loans.
(b) Escrow accounts —
- 1026 (Regulation Z)
Search for terms in the sections, interpretations, and appendices in the Bureau regulations we currently have online.
(b) Escrow accounts —
35(b) Escrow Accounts
(i) If an escrow account analysis discloses a shortage of less than one month's escrow account payment
(1) The format and a completed example for an initial escrow account statement are set out in Public
Escrow accounts.
Appendix E to this part sets forth examples of aggregate escrow account analyses.
(2) The amount of any fee the creditor imposes on the consumer for not establishing an escrow account
(g) Initial escrow account statement -
38(l)(7) Escrow account.
(2) Incorporation of initial escrow account statement into HUD-1 or HUD-1A settlement statement.
(3) Initial escrow payment at closing.
(4) The amount the consumer will be required to pay into the escrow account with each periodic payment
A servicer is not required to credit funds in an escrow account to an escrow account for a new mortgage
(d) Methods of escrow account analysis.
(b) Refund of escrow balance —
(ii) If an escrow account analysis discloses a shortage that is greater than or equal to one month's
The short year statement shall end the “escrow account computation year” for the escrow account and establish
(c) Limits on payments to escrow accounts.
(h) Format for initial escrow account statement.
and accounting method used by the transferor servicer, then the new servicer may continue to use the escrow
creditor may be liable for penalties and interest if it fails to make a payment for any cost for which the escrow
Aggregate escrow account calculation.
37(g)(3) Initial escrow payment at closing.
38(g)(3) Initial escrow payment at closing.
A servicer shall not be considered unable to disburse funds from the borrower's escrow account because