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#2113436 - 01/06/17 10:47 PM Escrow credit included in loan payoff
ns Offline
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Joined: Aug 2016
Posts: 120
Our Bank would like to include an escrow credit balance in the loan payoff quote when the total amount in escrow is less than the monthly payment. Can escrow credit totals be included when quoting a loan payoff?

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TRID - TILA/RESPA Integrated Disclosures Rule
#2113446 - 01/06/17 11:12 PM Re: Escrow credit included in loan payoff ns
Peach Offline
100 Club
Peach
Joined: Sep 2006
Posts: 179
Out West
1021.17 Reg X is where I would look. We refund any escrow amounts separately directly to the customer
Last edited by Peach; 01/06/17 11:14 PM.
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#2113477 - 01/09/17 02:41 PM Re: Escrow credit included in loan payoff ns
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,517
Bloomington, IN
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The opinions expressed are mine and they are not to be taken as legal advice.

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