Thank you, Randy. I thought as much.
One more thing,..1024.34(b)(2)(b)...the official interpretation mentions "netting of funds", which is the exception you mentioned in your response, I believe. It says section 1024.34(b)(1) doesn't prohibit a servicer from netting any remaining funds in a escrow account against the outstanding balance of the borrower's mortgage loan. If a loan is being put in non accrual and an amount being charged off, can we take any funds in the escrow account to pay on the outstanding balance?
Just when I think I understand....I regain consciousness!!!