Checklist · Free download
Property Tax Escrow Verification Checklist
Compare the taxing authority’s bill with the servicer’s projected and paid tax amounts before attributing a payment increase to escrow.
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Actual first-page previewProperty Tax Escrow Verification Checklist
Before you fill it out
What this resource helps you document
Compare the taxing authority’s bill with the servicer’s projected and paid tax amounts before attributing a payment increase to escrow.
01Authority record
02Servicer projection
03Servicer disbursement
04Mismatch check
Federal baseline to check
Use the form with the rule, not instead of the rule.
These templates organize facts and records. They do not create a borrower right that the underlying regulation, loan terms, investor rules, or state law does not provide.
- For an escrowed loan covered by Regulation X, the servicer generally must pay property charges on or before the deadline to avoid a penalty while the mortgage payment is not more than 30 days overdue.
- If escrow funds are insufficient and the borrower is not more than 30 days overdue, the servicer generally must advance funds for the timely disbursement and may later seek repayment through the deficiency rules.
- When the servicer knows the next computation year's charge, it must use that known amount in the escrow estimate.
Use this resource carefully
- Use the taxing authority's own bill/payment history as the outside source of truth for amount, installment schedule, and due date.
- Record whether the tax bill changed because of reassessment, exemption loss, supplemental billing, or installment timing before blaming the escrow calculation.
- If a penalty appears, preserve the bill showing the no-penalty deadline and the authority record showing when the payment actually posted.