Profile picture for edmed26

How long does a mortgage holder have to refund escrow money after a loan is paid off??

  • December 09 2010 - US
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Answers (1)

Profile picture for mymortgagebrokerjoe

 the real estate and settlemnt procedures act requires a lender to refund any surplus over $50 within 30 days of an escrow analysis, provided you are current on the loan. here is a link to that section of the act: http://edocket.access.gpo.gov/cfr_2009/aprqtr/pdf/24cfr3500.17.pdf

  • December 09 2010
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