Answer:
You need to provide the escrow disclosure within 45 days of establishing the escrow account. Here's an excerpt from our Lending Desk Top Reference Manual:
Upon completing the initial escrow account analysis, the servicer must prepare and deliver an initial escrow account statement to the borrower… [Section 3500.17(c)(2) - page 7011]
1. Timing:a. New loans:
…at settlement, or within 45 calendar days of settlement. [Section 3500.17(g)(1) - page 7014]
b. Existing Loans:
…within 45 calendar days of the date of establishment of the escrow account. [Section 3500.17(g)(2) - page 7014]
First published on BankersOnline.com 1/17/11