Code of Massachusetts Regulations
761 CMR - MASSACHUSETTS HOME MORTGAGE FINANCE AGENCY
Title 761 CMR 22.00 - Servicer's Guide
ACCOUNTING AND REPORTING
Section 22.31 - Accounting and Fiscal Responsibilities
Universal Citation: 761 CMR 22.00 MA Code of Regs 22.31
Current through Register 1531, September 27, 2024
The fiscal responsibilities of the Servicer shall include the following:
(1) The accounting for and monthly remittance to MHMFA and MHMFAs Trustee of the allocable principal and interest portions of monthly payments, and any other sums which MHMFA may require to be remitted.
(2) The accounting for an administration of escrow accounts or amounts deposited by Borrowers for payment of taxes, assessments, ground rents, hazard insurance premiums, premiums due the federal insurer guarantor or private mortgage insurer, and other escrowed expenses.
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