Question: Do we need to disclose taxes and insurance amounts on the Loan Estimate (Page 1) for a second mortgage loan that is extended when the first mortgage is escrowing these amounts.
Answer: “Yes.” There is no exception in Regulation Z from the requirement to disclose these amounts. You, of course, would not be indicating that the bank would be escrowing these amounts (since the first mortgage is already doing that). [12 CFR 1026.37(c)(4)]