In CommitteeFiled May 21, 2026
Sponsor: Sen. Blumenthal, Richard [D-CT] (D)
Latest Action
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
May 21, 2026
Summary
The Homeowners’ Escrow Savings Act amends the Real Estate Settlement Procedures Act to make servicers of federally related mortgage loans pay interest on escrow balances. It sets a minimum interest rate based on the weekly average yield of 1‑year Treasury securities and spells out how the interest is calculated and credited. The bill also clarifies how “reasonably anticipated” taxes are estimated and adds an accuracy requirement for escrow statements.
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