I want to know what an escrow amount is when it comes to the DMV
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The DMV requires a minimum escrow amount of at least $200 for search accounts. It is recommended that you keep enough money in the escrow account to cover 2 months of transactions
Did you want to know about changing your escrow amount?
yes
Okay, to change your escrow amount you need to send a request to DMV Revenue Accounts on your letterhead. The request must be signed and dated and it has to include the account number.
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can I have your mailing address where I can add to my escrow?
DMV Revenue AccountsPO Box 2409Albany, NY 12220-0409
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I have 2 accounts and want to close one, can I move money between the 2?
You can have the amount transferred to another escrow account that you have with DMV
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another question is do you need my new address if I moved into a new place ?
Yes, you need to notify DMV Revenue Accounts of the change.
we notify DMV and not ACH or both?
If you do not use ACH, you must send a letter to DMV Revenue Accounts with your old and new address. If you use ACH, your account liaison can use the system to update the address.
