Decision worksheet · Free download
Small Escrow Shortage: 30-Day vs 12-Month Options Worksheet
Compare the Regulation X treatment choices when an escrow shortage is less than one monthly escrow payment and separate those choices from a larger shortage.
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Before you fill it out
What this resource helps you document
Compare the Regulation X treatment choices when an escrow shortage is less than one monthly escrow payment and separate those choices from a larger shortage.
01Threshold test
02Servicer option shown
0330-day cash effect
0412-month cash effect
05Questions for servicer
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.
- This worksheet applies when the shortage is less than one monthly escrow payment, not one total mortgage payment.
- For that smaller shortage, the servicer may do nothing, require repayment within 30 days, or spread repayment in equal monthly payments over at least 12 months.
- A different rule applies when the shortage is at least one monthly escrow payment: if repayment is required under the federal rule, it is spread over at least 12 months.
Use this resource carefully
- Calculate the threshold using the monthly escrow deposit shown on the analysis, excluding P&I and other non-escrow payment components.
- Record the option the servicer actually selected; Regulation X gives the servicer choices and does not let the borrower automatically choose among all three.
- If the analysis uses a different shortage amount than your reconstruction, reconcile the trial balance before comparing repayment options.