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What are the requirements in Wisconsin pertaining to interest on property tax escrows and payment of tax escrows?

April 26, 2017escrows payment requirements tax Wisconsin

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What are the requirements in Wisconsin pertaining to interest on property tax escrows and payment of tax escrows?

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While there are some exceptions in the law, Chapter 138, Wis. Stats., requires mortgagees to pay interest on the escrow accounts of loans originated after January 1, 1994. Lenders must pay a rate published each year in the Wis. Admin. Register.