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1. If there are funds in the escrow account, at the time of charge off, do those have to be refunded to the borrower or can they be applied to the charged off loan?
2. If there are no funds in the escrow account, does a short year analysis showing negative amount need to be done and sent to the borrower?
3. Since the borrower doesn’t know the loan is charged off, what would need to be done if they bring in funds to cover all past due payments (which includes escrow)?
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