The CFPB has released a set of FAQs that discuss topics regarding escrow accounts under Regulation X. The FAQs provide a general overview of the escrow account provisions in Regulation X and address issues such as deficiencies, shortages, and surpluses.

You can access the FAQs on escrow accounts here.

Reach out to CCI with any escrow or general lending questions you may have.

Sincerely,

Sarah Smith, CRCM, CAFP