What is an Annual Escrow Account Disclosure Statement?
Your Escrow Account Disclosure Statement shows that projected escrow activity, current and new payment amounts, and the portion of the payment deposited into your escrow account. It also explains how an escrow surplus or shortage will be handled. Your projected escrow activity shows all the escrow deposits we expect to receive from you in a 12-month period, as well as all escrow-related disbursements we expect to pay from your escrow account during the same period. This activity also shows your anticipated and required monthly escrow balances.
