Skip to content

Interest Rate Adjustment & Escrow Analysis Notice

Answered by: 

Question: 
If an interest rate adjustment occurs on the mortgage at the same time escrow analysis is completed, can these notices be combined? Should the payment change date on the table for the Interest Rate Adjustment reflect the payment change for escrow analysis if that date is before the date the payment changes for the interest rate? Ex. Rate changes May 1st. Payment would change June 1st, but the payment also changes May 1st for escrow analysis. The table shows payment change for May 1st.
Answer: 

I have never seen an ARM notice under 1020.20 combined with an annual escrow analysis

First published on 05/30/2021

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