Title 47 — Property
52 chapters · 670 sections in this title.
N.D.C.C. § 47-10.2-01 Definitions
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In sections 47-10.2-01 through 47-10.2-03, unless the context or subject matter otherwise requires: 1. "Borrower" means the obligor under a residential mortgage held by a mortgagee. 2. "Servicer" means a person or entity maintaining an escrow account for a residential mortgagee. …
N.D.C.C. § 47-10.2-02 Notice of surplus escrow payments
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If an escrow account is maintained by the servicer of a residential mortgage for a mortgagee, and the account contains a surplus amount, the servicer shall provide written notice to the borrower within thirty calendar days following the end of the escrow account computation year.…
N.D.C.C. § 47-10.2-03 Refunding of surplus escrow payments
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Upon creation of the written notice under section 47-10.2-02, the servicer shall refund any surplus amount to the borrower within thirty calendar days following the end of the escrow account computation year. The notice required under section 47-10.2-02 must be included when surp…
N.D.C.C. § 47-10.2-04 Payments from escrow - Notice - Liability of lender or escrow agent
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1. If the borrower notifies the escrow agent as provided in subsection 2, is current in loan payments, and funds in the escrow account are sufficient, the borrower may direct the escrow agent under the borrower's loan to do any of the following: a. Pay the property taxes by Decem…
N.D.C.C. § 47-10.2-05 Annual escrow account statement
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Each residential mortgagee, including any insurance company with articles of incorporation filed under section 26.1-01-03, intending to maintain an escrow account for the payment of taxes, assessments, insurance premiums, and other charges upon the mortgagor's residence shall fur…