Timing on Deposit of Funds at Closing (Escrow)

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Question:

Is there a regulation/rule on the timing of when a Lender must deposit funds collected at closing for the initial escrow account set-up? If so, will you direct me to it, please?

Answer:

I am not sure of the actual question. You mean when you establish an actual escrow account on your system? There is no guidance. It is purely a bookkeeping issue.