Loan Customers Frequently Asked Questions
Year-End Reporting
Q. When will I receive my year-end interest statement?
Prior to January 31st of each year, we will notify you of the amount of interest you paid on your real estate note, as well as the tax and insurance premiums First National paid from your escrow account during the prior calendar year. This statement should be retained for your tax records. Please notify us prior to that date if your mailing address has changed. Your annual statement will be sent to the address on our records as of December 31st.
Q. I live in Texas. When will I receive my statement for year-end reporting?
Prior to January 31st of each year, we will notify you of the amount of interest you paid, as well as the tax and insurance premiums First National paid from your escrow account during the prior calendar year. In addition, a Notice of Annual Accounting Statement is prepared for certain account types in Texas according to state law. It should be retained for your tax records. Your annual statement will be sent to the address on our records as of December 31st. Please notify us prior to that date if your mailing address has changed. Please contact customer service to find out if your note qualifies.
