There is no requirement to show the specific payee. See page 178 in this ABA presentation which is from the Public Guidance Documents referenced in 1026.17.
Taxes/Insurance Description on Escrow Analysis
Can someone clarify for me what description goes on the annual escrow analysis - the term "Taxes" or "Insurance" - or should it be the actual payee such as "State Farm" and where I can find that in the regulation? What I have found implies you could use either.
First published on 02/04/2018