We only have a handful of old consumer escrow loans.
We do our escrow analysis in May each year. The activity period runs through 5/31/11.
One consumer loan is maturing on 6/1/2012 and our system did not generate an analysis statement. Is this okay because RESPA states...
"a servicer shall submit an annual escrow account statement to the borrower within 30 calendar days of the end of the escrow account computation year, after conducting an escrow account analysis."
Would we have to send a short form notice within 60 days of pay-off?