Ergo, provided a collector (or their associate) qualities and you will retains escrow accounts for people mortgage loans, apart from since the offered in (b)(2)(iii)(D)( 1) and you will ( 2), the new collector will not be eligible for the newest exception for any higher-valued mortgage loan it may make

iv. New collector and its particular associates do not take care of an escrow account for your home loan purchase becoming serviced by creditor otherwise their associate at the time your order is actually consummated, but since given during the (b)(2)(iii)(D)( 1) and you can ( 2). For this reason, this new exclusion applies, provided one other conditions away from (b)(2)(iii) (otherwise, if the applicable, the brand new criteria on the exemption in the (b)(2)(vi)) try found, even when the creditor in earlier times maintained escrow accounts for mortgages, given they no further maintains any such levels except once the given into the (b)(2)(iii)(D)( 1) and you may ( 2). Read More