United States · Bill · HR
H.R. 2112 (101st)
Interest on Escrow Accounts Deposit Act of 1989
Introduced
26 April 1989
Last action
—
Status
Referred to the Subcommittee on Housing and Community Development.
Sponsors
—
Subjects
Discovery layer
Source updated
26 August 2025
Summary
Interest on Escrow Accounts Deposit Act of 1989 - Amends the Real Estate Settlement Procedures Act of 1974 to reduce the maximum amount of accumulated funds permitted in federally related mortgage loan escrow accounts. Establishes minimum lender interest rates for such accounts. Requires lenders to provide borrowers with statements of charges and payments. Prohibits lenders from charging statement fees. Authorizes civil penalties for violations of this Act.
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Documents
2 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN
Introduced in House
summary · EN · 26 April 1989
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/101st-congress/house-bill/2112
- Open data entity: https://api.congress.gov/v3/bill/101/hr/2112