For single-close construction-permanent loans, if you are not requiring escrows during the construction phase (other than flood insurance, as required) but will during the permanent phase, do you provide the Initial Escrow Account Statement under 1024.17(g) at loan closing or when the loan converts to the permanent phase?
If you provide the Initial Escrow Account Statement at closing, do you also provide a subsequent one at the time the loan converts since you have more definitive numbers at that time?