United States · Bill · HR
H.R. 5000 (97th)
Escrow Interest Act
Introduced
17 November 1981
Last action
—
Status
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Sponsors
—
Subjects
Discovery layer
Source updated
29 August 2025
Summary
Escrow Interest Act - Requires any person who holds a first lien on single-family residential real property, on stock in a residential cooperative housing corporation, or on a residential manufactured home and who requires funds to be held in escrow for purposes of paying any applicable taxes or insurance, to place such funds in an account which is insured by the Federal Deposit Insurance Corporation, the Federal Savings and Loan Insurance Corporation, or the National Credit Union Administration and which pays interest at a rate of not less than five and one-quarter percent.
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Documents
1 official file
Introduced in House
summary · EN · 17 November 1981
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/97th-congress/house-bill/5000
- Open data entity: https://api.congress.gov/v3/bill/97/hr/5000