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#1145421 - 03/16/09 03:07 PM Escrow
Trips3 Offline
Member
Joined: Sep 2005
Posts: 81
Need help with mortgage excrow. I have been directed to NYS for my answer. Is there a mandated min/max rate that the bank is required to pay on mortgage excrow accounts? If so where would I find the information?

Thank you
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It is what it is ......

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#1145713 - 03/16/09 06:54 PM Re: Escrow Trips3
upstateNY Offline
Platinum Poster
Joined: Apr 2003
Posts: 933
New York State
Are you national or state-chartered?

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#1146497 - 03/17/09 07:10 PM Re: Escrow upstateNY
Trips3 Offline
Member
Joined: Sep 2005
Posts: 81
I have found the answer ... 2%.
Thank you
_________________________
It is what it is ......

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#1402791 - 06/11/10 07:22 PM Re: Escrow Trips3
knana0408 Offline
Junior Member
Joined: Dec 2006
Posts: 28
New York
Can you please help me? We are a National Bank in New York State. I need your expertise. I can’t for the life of me remember where to find this information:
I know that New York State has a requirement that FI’s need to pay 2 % interest on escrow accounts, but I believe National Banks are exempt. Do you know where I can find that information to verify that? Your help would be appreciated.
_________________________
Karen A. Luttrell

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