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#412000 - 08/23/05 02:30 PM North Dakota Escrows
Suwannee Offline
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Suwannee
Joined: Jun 2002
Posts: 641
Florida
Chapter 47-10.2-01 defines "Excess Amount" as any amount received in an escrow account during a calendar year in excess of $300 plus the amount necessary to pay real estate taxes, special assessments, and insurance premiums during that calendar year.

My question is this: Is the escrow cushion included in this $300 or is the $300 over and above the cushion?
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#412001 - 09/21/05 12:11 PM Re: North Dakota Escrows
Suwannee Offline
Platinum Poster
Suwannee
Joined: Jun 2002
Posts: 641
Florida
I finally received an answer from North Dakota on this. The $300 is the cushion.
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When you lose, don't lose the lesson.

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