Posted By: CindyS
ACH origination for loan payment - 11/14/17 09:25 PM
When we originate a monthly ACH to debit a deposit account at another institution for a consumer's real estate loan payment at our institution, what is required to meet the Reg E and NACHA requirements for 10 days notice of change following a payment change due to the annual escrow analysis?
Is the Annual Escrow Analysis statement sufficient, or do we need to include a separate notice of the payment change?
Is the Annual Escrow Analysis statement sufficient, or do we need to include a separate notice of the payment change?