Calendar of Events

Escrows

12/13/2017, 1:30 PM to 3:30 PM

No location provided

Amy Davis adavis@msbankers.com 601-948-6366

Description:

Escrows


Presented by Carl Pry
Wednesday, December 13th, 2017 
1:30 pm - 3:30 pm CT

 

Covered Topics:

  • Escrowing under flood insurance rules – when escrow must be maintained, as well as notices
  • Reg. Z escrow rules – HPML rules that mandate escrow accounts, plus opt-out possibilities
  • RESPA requirements – what is an escrow account?
  • Can we maintain a “voluntary escrow” and avoid the RESPA requirements?
  • Calculating the initial deposit into the escrow account – aggregate accounting rules
  • How to complete initial and final disclosures with escrow information
  • Required notices and statements – initial, annual, and short-year
  • The 3 documents that must be sent each escrow accounting year
  • Dealing with surpluses, shortages, and deficiencies

Register here