Hello,
Q: Interest required/paid on borrower account
First-time poster, so please forgive any etiquette faux pas. I am trying to find a regulation or requirement regarding a borrower funded equity, supervised or bank controlled account during the construction phase of a "one time close", and a requirement that the account accrue interest. I believe this practice historically applied in the commercial space, however, I have seen instances in the consumer space.

There is nothing in federal law - that would be a state requirement if any.

Thank you!

Welcome to BOL DenverCompliance! Don't worry about etiquette faux pas here. We'll just slap you (virtually) if you violate any of the etiquette rules.