Does the Lender decide how much goes into escrow account? I am a first time home buyer, buying first home in NC. Lender has included 12months of Hazard Insurance and city taxes for escrow account. Is this a set amount by state law or does the lender decides this?February 25 2012 - Staten Island00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.