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Homeowners’ Escrow Savings Act
Last updated: 5/21/2026 · Introduced: 5/21/2026
Author: Richard Blumenthal (D-CT)
TL;DR (AI)
- This bill requires servicers of federally related mortgage loans to pay borrowers interest on funds held in escrow accounts.
- The interest rate paid on escrow balances will be based on the weekly average yield of 1-year United States Treasury securities.
- The bill clarifies that it does not override state laws that mandate higher interest rates or alternative payment methods for escrow interest.
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Other Sections
Includes provisions on preamble, short title., and 1 more.
3 sections
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