I received a statement that shows MassHousing paid interest on my escrow account. When do I receive my interest check?
Interest on escrow is automatically paid into your escrow account on an annual basis, consistent with Massachusetts state law, at the end of each December. If the interest paid is $10 or greater, MassHousing will send you a 1099-INT statement by January 31 of each year and report that interest income to the IRS.
Related Questions
- My "My USAJOBS" account shows my resume has been received for the PMF Programs job announcement, but Application Manager shows my application package status is incomplete. Which one is correct?
- What money must be paid into an ESCROW account? And For what purpose can money be paid out from the ESCROW account?
- How come my escrow account still shows a zero balance?
