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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Escrow Program

The Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA) provide borrowers with pertinent and timely disclosures regarding the nature and costs of credit and the real estate settlement process. RESPA provisions also protect borrowers by placing limitations on the use of escrow accounts and requiring specific disclosures of applicable charges and disbursement dates. The TILA provisions lengthen to a minimum of five years the required period most creditors must maintain an escrow account for higher-priced mortgage loans.

The Escrow Program is an efficient tool for determining whether a financial institution is properly calculating and disclosing escrow account information as required under Regulation X and Regulation Z.

This program is intended for use by banking industry professionals only.

General Disclaimer
Excel 2000
Version 3

Click the Excel Worksheet hyperlink to download the ZIPPED archive of the RESPA Calculator. Once you extract the files from this archive, a new folder "RESPA Calculator" will be created in a desired location on your machine. The extracted utility will comprise of:

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