Vermont Attorney General Challenges Federal Mortgage Escrow Rule

10 States Sue to Block Federal Mortgage Escrow Interest Rules

A coalition of 10 states is challenging new federal rules they say unlawfully strip them of the authority to require national banks to pay a certain amount of interest on homeowners’ mortgage escrow accounts. The lawsuit, filed Tuesday in federal court in Portland, Oregon, challenges a pair of rules issued in May by the Office of the Comptroller of the Currency (OCC), a bureau of the Treasury Department that regulates national banks and federal …

Vermont attorney general challenges federal mortgage escrow rule

Vermont Attorney General Charity Clark is joining a multi-state lawsuit opposing a federal rule that could override state laws requiring banks to pay interest on mortgage escrow accounts.

Vermont State Proposed Rules

Vt State 081326 2×12 Proposed Rules