Answer:
Any requirement to pay interest on escrow accounts is totally based on State law.
Interest on Escrows - Required?
Answered by:
Question:
Are Banks required to pay interest on a mortgage escrow account with a balance of $25,000.00 or more?
print
email
shareRelated Q&As
Related Tools View All
OFAC Updates View All
Sanctions List Search
Specially Designated Nationals List (SDN)
Sanctions Programs and Information
Banker Store View All
From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:
Banker Storehot right now
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.