,,ii  #aai? ,,congress  #b;d ,session   
,s4 #dfcf  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #ba1 #bjbf,mr4    
,blum5?al 7= himself & ,ms4 ,w>r57      
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,homel& ,security & ,gov]nm5tal ,affairs
  ,a ,,bill  ,to am5d ! ,real ,e/ate    
,settlem5t ,proc$ures ,act ( #aigd to   
provide = int]e/ on escr[ balances4  #a4
 ,%ort title ,?is ,act may be cit$ z !  
,home[n]s' ,escr[ ,sav+s ,act4  #b4     
,int]e/ on escr[ balances ,! ,real      
,e/ate ,settlem5t ,proc$ures ,act (     
#aigd 7#ab ,u4,s4,c4 #bfja et seq47 is  
am5d$-- 7#a7 9 section #c 7#ab ,u4,s4,c4
 #bfjb7-- 7,a7 9 p>agraph 7#h71 by /rik+
 & at ! end2  7,b7 9 p>agraph 7#i71 by  
/rik+ ! p]iod at ! end & ins]t+ 2 &2 &  
7,c7 by add+ at ! end ! foll[+3  7#aj7 !
 t]m reasonably anticipat$ means1 )     
respect to e/imat$ taxes-- 7,a7 any     
reassessm5t ( ! prop]ty value t may be  
anticipat$ bas$ on ! exp]i5ce ( ! s]vic]
 or local cu/om2  7,b7 any significant  

improvem5ts made or to be made to !     
prop]ty2  7,c7 any kn[n future *anges 9 
! applicable tax rate2  7,d7 any        
exemptions or o!r adju/m5ts = :i*-- 7i7 
! borr[] may be eligible2 &  7ii7 !     
borr[] has notifi$ ! s]vic]2  7,e7 any  
o!r relevant in=mation available to !   
s]vic]2 &  7,f7 any o!r factor t !      
,bureau may require4  2 &  7#b7 9       
section #aj 7#ab ,u4,s4,c4 #bfji7-- 7,a7
 9 subsection 7c71 by add+ at ! end !   
foll[+3  7#c7 ,accuracy ,any /atem5t    
requir$ "u ?is subsection %all be z     
accurate z possible1 bas$ on in=mation  
reasonably kn[n or accessible to !      
s]vic]4  2  7,b7 by r$esignat+          
subsection 7d7 z subsection 7e72 &  7,c7
 by ins]t+ aft] subsection 7c7 ! foll[+3
  7d7 ,paym5t ( int]e/ on funds 9 escr[ 
7#a7 ,9 g5]al ,any s]vic] t has e/abli%$
 an escr[ acc\nt 9 connection ) a       
f$]ally relat$ mortgage loan %all pay   
int]e/ to ! borr[] on ! funds 9 ! escr[ 
acc\nt 9 accordance ) p>agraph 7#b74    
7#b7 ,calculation  7,a7 ,9 g5]al ,!     

int]e/ describ$ 9 p>agraph 7#a7 %all be 
det]m9$ by multiply+ ! actual av]age    
daily balance = ea* mon?1 by ! quoti5t  
obta9$ by divid+ ! annual rate describ$ 
9 subp>agraph 7,b7 by #ab4  7,b7 ,annual
 rate ,! annual rate describ$ 9 ?is     
subp>agraph %all be n less ?an ! weekly 
av]age yield on #a-ye> ,unit$ ,/ates    
,treasury securities = su* ye> & r\nd$  
to ! ne>e/ t5? ( a p]c5tage po9t4  7#c7 
,cr$it ,any int]e/ cr$it$ "u ?is        
subsection %all be cr$it$ to ! escr[    
acc\nt :5 ! s]vic] issues ! /atem5t     
requir$ by subsection 7c77#b74  7#d7    
,effect on ,/ate law ,no?+ 9 ?is        
subsection may be con/ru$ to preempt or 
sup]s$e any ,/ate law t requires-- 7,a7 
an int]e/ rate high] ?an ! int]e/ rate  
calculat$ "u ?is subsection2 or  7,b7 ! 
paym5t ( int]e/ 9 a diff]5t mann]1      
includ+ by *eck or z a cr$it to ! loan  
balance1 t is provid$ by ?is subsection4
  4