7 CFR 3550.109

§ 3550.109 Escrow account (loans only).

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 3550.109, § 3550.109 Escrow account (loans only), United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/30257
Permanent ID: ys:prov:30257@1
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Full text

RHS may require that borrowers deposit into an escrow account amounts necessary to ensure that the account will contain sufficient funds to pay real estate taxes, hazard and flood insurance premiums, and other related costs when they are due in accordance with the Real Estate Settlement and Procedures Act of 1974 (RESPA) and section 501(e) of the Housing Act of 1949, as amended.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.