A bill to amend the Real Estate Settlement Procedures Act of 1974 to provide for interest on escrow balances.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4636 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4636 To amend the Real Estate Settlement Procedures Act of 1974 to provide for interest on escrow balances. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES May 21, 2026 Mr. Blumenthal (for himself and Ms. Warren) introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs _______________________________________________________________________ A BILL To amend the Real Estate Settlement Procedures Act of 1974 to provide for interest on escrow balances. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Homeowners' Escrow Savings Act''. SEC. 2. INTEREST ON ESCROW BALANCES. The Real Estate Settlement Procedures Act of 1974 (12 U.S.C. 2601 et seq.) is amended-- (1) in section 3 (12 U.S.C. 2602)-- (A) in paragraph (8), by striking ``and'' at the end; (B) in paragraph (9), by striking the period at the end and inserting ``; and''; and (C) by adding at the end the following: ``(10) the term `reasonably anticipated' means, with respect to estimated taxes-- ``(A) any reassessment of the property value that may be anticipated based on the experience of the servicer or local custom; ``(B) any significant improvements made or to be made to the property; ``(C) any known future changes in the applicable tax rate; ``(D) any exemptions or other adjustments for which-- ``(i) the borrower may be eligible; and ``(ii) the borrower has notified the servicer; ``(E) any other relevant information available to the servicer; and ``(F) any other factor that the Bureau may require.''; and (2) in section 10 (12 U.S.C. 2609)-- (A) in subsection (c), by adding at the end the following: ``(3) Accuracy.--Any s