Forms & Documents

Closing Month	1st Payment Month	Tax Installment required to be paid or payment must be shown on HUD	# Mo. to Collect (w/2 mo. Cushion)
January	March	2nd Half Prior Year	2
February	April	2nd Half Prior Year	3
March	May	2nd Half Prior Year	4
April	June	2nd Half Prior Year	5
May	July	2nd Half Prior Year	6
June	August	2nd Half Prior Year	7
July	September	2nd Half Prior Year	8
August	October	2nd Half Prior Year	9
September	November	If Bill Not Released	2nd Half Prior Year	10
If Bill Released	1st Half Current Year	4
October	December	If Bill Not Released	2nd Half Prior Year	11
If Bill Released	1st Half Current Year	5
November	January	1st Half Current Year	6
December	February	1st Half Current Year	7

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Due Dates: Semi Annual, 1st installment due November 1st, 2nd installment due February 1st.

Cushion: Two month cushion is required on all escrow accounts.

Interest Credit: When loan is closed with interest credit, use the chart above based on the first payment date, not the closing month.

Taxes Due: Property Taxes that are due within 60 days of closing must be paid regardless of impounds. (Even if impounds are waived).

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Closing Month	1st Payment Month	Tax Installment required to be paid or payment must be shown on HUD	# Mo. to Collect (w/2 mo. Cushion)
January	March	If Bill Not Released	2nd Half Prior Year	10
If Bill Released	1st Half Prior Year	4
February	April	2nd Half Prior Year, Due Feb	5
March	May	2nd Half Prior Year, Due Feb	6
April	June	2nd Half Prior Year, Due June	2
May	July	2nd Half Prior Year, Due June	2
June	August	2nd Half Prior Year, Due June	3
July	September	2nd Half Prior Year, Due June	4
August	October	2nd Half Prior Year, Due June	5
September	November	2nd Half Prior Year, Due June	6
October	December	2nd Half Prior Year, Due June	7
November	January	2nd Half Prior Year, Due June	8
December	February	If Bill Not Released	2nd Half Prior Year	10
If Bill Released	1st Half Current Year	4