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#2297176 - 05/14/24 08:48 PM Negative Escrow Balance for Charged Off Loan
DixieLee Offline
Junior Member
Joined: Mar 2007
Posts: 40
We have a loan that is being charged off and it also has a negative escrow balance. Can we add the negative escrow amount to the charged off loan amount so we only have one transaction, or does the negative escrow amount have to be charged off separately from the loan amount?

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RESPA
#2297181 - 05/15/24 11:25 AM Re: Negative Escrow Balance for Charged Off Loan DixieLee
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,756
Galveston, TX
You are asking an accounting question and not a compliance question. If your accounting department does not know, then ask your external accounting firm.
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