Skip to content

Escrowing for Existent Loans

Answered by: 

Question: 
Do we need to escrow for loans that are already on the books prior to April 1, 2010 or October 1, 2010 for mobile homes, when it comes time for them to be refinanced or if the customer refinances early?
Answer: 

Yes, the refinancing would be a new loan subject to all the current requirements of the reg.

First published on BankersOnline.com 11/29/10

First published on 11/29/2010

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