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Updated almost 3 years ago,
Escrow Requirements for High-Cost Loans?
Hi everyone,
As part of a curriculum I'm developing, a required topic is "Requirements for an escrow account associated with a “high cost loan”. I'm able to find specific information on escrow requirements for higher-priced loans, but can't find anything about specific requirements for high-cost loans specifically, not even under Regulation Z 1026.32. Do high-cost loans have escrow requirements? Are the requirements the same as for higher-priced loans?
Thanks in advance.