Final answer:
The Initial Escrow Statement disclosure of Section 10 of RESPA is due within 45 days of the escrow account being established.
Step-by-step explanation:
The Initial Escrow Statement disclosure of Section 10 of RESPA is due within 45 days of the mortgage servicer establishing the escrow account. This disclosure is part of the Real Estate Settlement Procedures Act (RESPA) and is intended to inform borrowers about the escrow account, including how funds are being allocated for taxes, insurance, and other related expenses.
For example, if a mortgage servicer establishes an escrow account for a borrower on January 1st, the Initial Escrow Statement should be provided to the borrower by February 15th.