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#2154938 - 11/27/17 09:28 PM Nonaccrual loan with escrow
peony Offline
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peony
Joined: Mar 2013
Posts: 250
We have a loan with escrow whose taxes are due but the loan is set up as nonaccrual and the escrow balance is in the negative. Is there any guidance in the regulation about nonaccrual loans with escrow?? We want to make sure we handle these loans correctly.


Thanks in advance.

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RESPA
#2154942 - 11/27/17 09:37 PM Re: Nonaccrual loan with escrow peony
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,219
Galveston, TX
Non-accrual is an accounting function only.
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