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CFPB Adds FAQs on Escrow Accounts
Posted: Jun 11, 2021 | Author:
CFPB
CFPB
compliance
lending & collections
mortgage lending
Regulation X
The Consumer Financial Protection Bureau (CFPB) has added to its Mortgage Servicing FAQs webpage a set of 23 new FAQs that discuss selected topics relating to escrow accounts under Regulation X. The new FAQs provide a general overview of the escrow account provisions in Regulation X and address topics such as deficiencies, shortages, and surpluses. They were added under four topic groups:
- Escrow Accounts: General (8 FAQs)
- Escrow Accounts: Escrow Account Analysis (2 FAQs)
- Escrow Accounts: Deficiencies, Shortages, and Surpluses (11 FAQs)
- Escrow Accounts: Public Guidance Documents (2 FAQs)
A current print-friendly version of the Mortgage Servicing FAQs is also available.
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