Answer:
There is no requirement to show the specific payee. See page 178 in this ABA presentation which is from the Public Guidance Documents referenced in 1026.17.
Taxes/Insurance Description on Escrow Analysis
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Question:
Can someone clarify for me what description goes on the annual escrow analysis - the term "Taxes" or "Insurance" - or should it be the actual payee such as "State Farm" and where I can find that in the regulation? What I have found implies you could use either.
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