HPML Escrow Exemption Flowchart


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First lien Higher Priced Mortgage Loan (HPML) transactions require escrow be established before consummation for payment of property taxes and premiums for mortgage-related insurance required by the creditor. However, there are expemtions from this escrow requirement for certain types of loans and certain qualifiying borrowers. This flowchart will walk creditors through each exemption to determine if the HPML transaction requires the establishment of an escrow account.