Escrows
12/13/2017, 1:30 PM to 3:30 PM
No location provided
Description:
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
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