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#1752520 - 10/25/12 07:45 PM Escrow Account Interest Rate
TomS Offline
Gold Star
Joined: Jan 2004
Posts: 318
USA
We're just starting to lend in New York and are wondering if the rate of interest to be paid on escrow accounts is still 2%? Is the current rate of interest published online somewhere?
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CRCM, CAFP, DAD

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#1753360 - 10/30/12 12:29 PM Re: Escrow Account Interest Rate TomS
PatrickG Offline
100 Club
PatrickG
Joined: Jun 2001
Posts: 165
Binghamton, NY, USA
See General Obligations Law 5-601. You can find it in the Laws of NY: http://public.leginfo.state.ny.us/MENUGETF.cgi?COMMONQUERY=LAWS+&TARGET=VIEW

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#1801497 - 04/04/13 04:35 PM Re: Escrow Account Interest Rate TomS
Karen A. Luttrell Offline
Member
Karen A. Luttrell
Joined: Dec 2007
Posts: 91
Central NY
Do you know if the 2% is still applicable if we are a national bank?
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