Sec4-139*

A borrower is reviewing the annual escrow account statement and wants to confirm the payment amount currently due each month. What item should the annual escrow account statement include?

A borrower wants to know how much of each monthly mortgage payment is being deposited into escrow. What must the annual escrow account statement show?

A borrower asks how much money was deposited into escrow over the course of the year. Which item should appear on the annual escrow account statement?

A borrower wants to see how escrow funds were used for property-related charges during the year. What should the annual escrow account statement include?

At the end of the escrow accounting year, the borrower wants to know what remains in the escrow account. What information should the annual escrow account statement provide?

A borrower closes on a refinance transaction and asks when the right to rescind ends. Under the rescission rule described on this page, what is the correct timing?

A refinance transaction is subject to a rescission period. When should the loan generally be funded if the borrowers do not rescind?