Does the prior year's "projection" have to be included in the annual statement? In the excerpt from RESPA para i mentions it, but then is followed by the Contents guidance which makes no mention of it. They mention "history" - does that qualify for a projection? If a projection is required, why don't they include it in the Contents paragraph? Severely confusing.

i. Annual Escrow Account Statements. .... The servicer shall also submit to the borrower the previous year's projection or initial escrow account statement. The servicer shall conduct an escrow account analysis before submitting an annual escrow account statement to the borrower.

(1) Contents of Annual Escrow Account Statement. The annual escrow account statement shall provide an account history, reflecting the activity in the escrow account during the escrow account computation year, and a projection of the activity in the account for the next year. In preparing the statement, the servicer may assume scheduled payments and disbursements will be made for the final 2 months of the escrow account computation year. The annual escrow account statement must include, at a minimum, the following (the items in paragraphs (i)(1)(i) through (i)(1)(iv) must be clearly itemized):

See RESPA appendix I-5 which has the model clauses for the Account History. One of the lines says

This is a statement of actual history in your escrow account from _____ through _____ [Compare it to the annual escrow account disclosure statement - projections for the coming year -- which was sent to you last year on ______ (another copy enclosed)].

Below that it says "Delete material in brackets if initial escrow account statement or annual disclosure payment history was not delivered in the previous year. . . ."

app I-5? Help me out a little.....

OK, I google searched it and found it on a HUD page. Thanks. Now I'm wondering why there is no appendix i in 24 CFR 2500? Thanks for helping me in the right direction.

Oops ...from above....24 CFR 3500.

HUD removed the appendix examples from the Code of Federal Regulations and just displays the examples on their web site as public guidance documents. http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/rmra/res/respagui

Aha! The missing piece of the puzzle is revealed by Reads Regs. Thanks! I had gone back to Oct 1994 and the original FR entry, but had not found the rule which removed them from the CFR. Thanks!