---
title: Online Bankers Training - Cancelling an Escrow Account on a HPML
description: BCC offers online banking regulations training & consulting - Cancelling an Escrow Account on a HPML
---

[Banker's Compliance Consulting Blog ](https://blog.bankerscompliance.com/en)

# [Online Bankers Training - Cancelling an Escrow Account on a HPML](https://blog.bankerscompliance.com/en/cancelling-an-escrow-account-on-a-hpml)

 Written by [Jerod Moyer](https://blog.bankerscompliance.com/en/author/jerod-moyer) | Apr 18, 2019 9:38:03 AM

Find [UPDATED HPML Training Here!](https://store.bankerscompliance.com/#?keyword=HPML&type=)

Do you have a borrower that wants to cancel the required escrow account on their Higher-Priced Mortgage Loan (HPML)?

First you need to understand what your options are.  Option #1 is that you don’t have to honor their request.  You can require they keep the escrow account in place.  Option #2 is to allow them to cancel the escrow account.  But, they MUST meet all of the following criteria before doing so:

1. It must be five years since the HPML (and required escrow) were originated;
2. They must be at 80% loan to original value (not current value) of the property; and,
3. They cannot be delinquent at the time of the request.

This is just one of the many topics that we will address in our upcoming “[Ability to Repay, Qualified Mortgage, High-Cost & Higher-Priced Mortgage Loans](https://store.bankerscompliance.com/#?keyword=HPML&type=)” webinar. We will spend two hours walking you through the compliance requirements for these types of loans and answering your questions along the way.  See you then!

[Register NOW](https://store.bankerscompliance.com/#?keyword=HPML&type=)

Published  
2019/04/18  
Jerod Moyer

See all training options here – [https://www.bankerscompliance.com/banking-regulations-compliance-training/](https://www.bankerscompliance.com/banking-regulations-compliance-training/)

[View full post](https://blog.bankerscompliance.com/en/cancelling-an-escrow-account-on-a-hpml)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Jerod Moyer"
  },
  "dateModified" : "2022-03-01T18:54:00.788Z",
  "datePublished" : "2019-04-18T09:38:03Z",
  "headline" : "Cancelling an Escrow Account on a HPML",
  "image" : {
    "@type" : "ImageObject",
    "height" : 60,
    "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
    "width" : 60
  },
  "mainEntityOfPage" : "https://blog.bankerscompliance.com/en/cancelling-an-escrow-account-on-a-hpml",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60.0,
      "url" : "https://fs.hubspotusercontent00.net/hubfs/21201105/Bankers_Compliance_Consulting_Logo%20copy%202.jpg",
      "width" : 310.30304
    },
    "name" : "Banker's Compliance Consulting Blog"
  }
}
```