Escrowing of assessments

HUD has announced that it is taking comments on whether to adopt a rule allowing mortgage companies to escrow association assessments. Read the proposed rule here: http://hudclips.org/sub_nonhud/cgi/pdf/24989.pdf. Community Associations Institute (CAI) has submitted its comments. You may read CAI’s comments to the proposed rule at http://www.caionline.org/govt/regulatory/escrowing_assessments.pdf