§ 1010.111 Utilities.
If not, include a warning to the effect that no funds have been set aside in an escrow or trust account
- 1010 (Regulation J)
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If not, include a warning to the effect that no funds have been set aside in an escrow or trust account
surety bonds (corporate or individual notes or bonds are not acceptable), irrevocable letters of credit, escrow
(1) If the terms of any federally related mortgage loan require the borrower to make payments to an escrow
(iv) Escrow or trust account as to down payments and deposits shall mean an account, established in accordance
individual notes or bonds are not acceptable), irrevocable letters of credit or the establishment of escrow
right of rescission under paragraph (e) of this section, no money shall be disbursed other than in escrow
defined in paragraph (a)(9)(i) of this section, the amount that is paid to the seller or held in trust or escrow
For example, an average charge may not be used for transfer taxes, interest charges, reserves or escrow
beginning on the date a periodic payment sufficient to cover principal, interest, and, if applicable, escrow
amount, including a breakdown showing how much, if any, will be applied to principal, interest, and escrow
payment is the regularly scheduled payment of principal and interest, mortgage insurance premiums, and escrow
financial assurance of completion, enter a warning to the effect that no funds have been set aside in an escrow
If not, include a warning to the effect that no funds have been set aside in an escrow or trust account
If not, include a warning that no funds have been set aside in an escrow or trust account nor have any
financial assurance of completion, include a warning to the effect that no funds have been set aside in an escrow
(2) Submit copies of any trust deeds, deeds in trust, escrow agreements or other instruments which purport
(ii) Insurance premiums described in paragraph (b)(1) of this section need not be included in escrow
during the first year after consummation that are known to the creditor and a statement that, without an escrow
If at the time the servicer conducts the escrow account analysis the borrower is more than 30 days overdue
the date an amount sufficient to cover a periodic payment of principal, interest, and, if applicable, escrow
(v) Notwithstanding paragraph (b)(2)(iii) of this section, an escrow account must be established pursuant
any such other amounts, and an indication of whether such amounts will be paid by the creditor using escrow
Section 1026.35(b)(3)(i) provides that, in general, an escrow account required by § 1026.35(b)(1
periodic payment under § 1026.36(c)(1)(i) is the amount sufficient to cover principal, interest, and escrow
to the account for the collection of taxes and insurance, referred to in § 1026.41(d) as the “escrow