North Dakota § 47-10.2-02 Notice of surplus escrow payments

North Dakota Statutes

§ 47-10.2-02 — Notice of surplus escrow payments

North Dakota § 47-10.2-02

Title 47Property

Ch. 47-10.2Escrow Accounts

This text of North Dakota § 47-10.2-02 (Notice of surplus escrow payments) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 47-10.2-02 (2026).

Text

If an escrow account is maintained by the servicer of a residential mortgage for a
mortgagee, and the account contains a surplus amount, the servicer shall provide written notice
to the borrower within thirty calendar days following the end of the escrow account computation
year. The information provided to the borrower must include the balance in the escrow account
after the annual payment of taxes and special assessments.

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If an escrow account is maintained by the servicer of a residential mortgage for a
mortgagee, and the account contains a surplus amount, the servicer shall provide written notice
to the borrower within thirty calendar days following the end of the escrow account computation
year. The information provided to the borrower must include the balance in the escrow account
after the annual payment of taxes and special assessments.