When calculating the Initial Escrow Analysis what months are being used for RE Tax payment dates. The 1st payment is always March, however the 2nd Payment varies bewteen September and November. Illinois Dept of Revenue tax guide states taxes are due August. I would appreciate any advice. Thank you-
3500.17(c)(2) Pursuant to paragraph (k) of this section, the servicer must use a date on or before the deadline to avoid a penalty as the disbursement date for the escrow item and complying with any other requirements of paragraph (k) of this section.
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