Does WA State law require lenders to pay interest on escrow accounts? If yes, what is the percentage?

I tried looking through DFI but could not find anything. Where did you find this state law?

What is your charter. An OTS or OCC charter preempts any such State requirements.

Are you discussing IOLTA accounts?

There are certain rules, but no set rate that must be paid. Try looking around at

http://www.legalfoundation.org/

Not IOLTA accounts. We have a State Charter. The question was in regards to HPML and the requirement of escrow accounts for a minimum of 365 days. Our concern was that although there was not a Federal requirement WA State may require interest to be paid on escrow balances if the lender required the borrower to set-up escrow for taxes and insurance. After further research and contact with WA DFI, WA State does not require lenders to pay interest on escrow accounts.