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12 USC Section 2605 or Section 6 is titled Mortgage Loan Service and Escrow Account Administration. It concerns qualified written requests, service transfer notices and the administration of escrow accounts.

A mortgage disclosure that lists all of the estimated fees and charges associated with your loan. In addition to the fees and charges, it will indicate the amount of your loan, the mortgage rate, the duration of the loan and the estimated monthly payment. Your escrow deposits due at closing for insurance and taxes will also be described. Mortgage lenders are legally required to provide an EFG within three days of receiving your request.

A mortgage disclosure that lists all of the estimated fees and charges associated with your loan. In addition to the fees and charges, it will indicate the amount of your loan, the mortgage rate, the duration of the loan and the estimated monthly payment. Your escrow deposits due at closing for insurance and taxes will also be described. Mortgage lenders are legally required to provide an EFG within three days of receiving your request.

12 USC Section 2609 or Section 10 is titled Limitation on the Requirement of Early Deposits in Escrow Accounts. It governs escrow accounts, including notifications and statements to borrowers. Article 10 also provides for penalties for those who violate the article.

A form used by a settlement or closing agent detailing all charges imposed on a borrower and seller in a real estate transaction. This form represents the closing transaction and provides each party with a complete list of incoming and outgoing funds. RESPA requires that HUD-1 be used as the standard mortgage settlement form in all transactions in the United States involving mortgages linked to the federal government.

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