Skip to content

Bank Required to Pay Interest on Escrowed Funds?

Answered by: 

Are there any regulatory requirements that a bank must pay interest on escrowed funds? This would be borrowers funds held for construction not tax and insurances.

Interest on escrow accounts are totally a State law issue. I doubt that there is such a requirement for this sort of escrow account.

First published on 11/24/2019

Filed under: 
Filed under lending as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics