Interest Rate Adjustment & Escrow Analysis Notice

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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