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§ 1024.17 Escrow accounts.

(i) If an escrow account analysis discloses a shortage of less than one month's escrow account payment

  • 1024 (Regulation X)

§ 1024.17 Escrow accounts.

(1) The format and a completed example for an initial escrow account statement are set out in Public

  • 1024 (Regulation X)

§ 1024.17 Escrow accounts.

Appendix E to this part sets forth examples of aggregate escrow account analyses.

  • 1024 (Regulation X)

§ 1024.17 Escrow accounts.

(2) Incorporation of initial escrow account statement into HUD-1 or HUD-1A settlement statement.

  • 1024 (Regulation X)

§ 1024.17 Escrow accounts.

(ii) If an escrow account analysis discloses a shortage that is greater than or equal to one month's

  • 1024 (Regulation X)

§ 1024.17 Escrow accounts.

The short year statement shall end the “escrow account computation year” for the escrow account and establish

  • 1024 (Regulation X)

§ 1024.17 Escrow accounts.

and accounting method used by the transferor servicer, then the new servicer may continue to use the escrow

  • 1024 (Regulation X)

§ 1024.17 Escrow accounts.

A servicer shall not be considered unable to disburse funds from the borrower's escrow account because

  • 1024 (Regulation X)


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