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If an escrow account is maintained by the servicer of a secondary residential mortgage for a secondary mortgagee, and the account contains an excess amount, the servicer shall provide written notice to the borrower, on or before March first of the following year, of the escrow account status. The information provided to the borrower must include the balance in the escrow account after the annual payment of taxes and special assessments.
Cite this article: FindLaw.com - North Dakota Century Code Title 47. Property § 47-10.2-02. Notice of excess escrow payments - last updated January 01, 2020 | https://codes.findlaw.com/nd/title-47-property/nd-cent-code-sect-47-10-2-02.html
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