Hi there. I'm looking for information related to how to manage a escrow account.
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Sure. No problem. Are you interested into close it or something like that?
Yes, I think I almost don't use it, so I probably will close it.
O.k. no problem, you just need to send a request to close your account by mail, fax or email to the dmv revenue accounts section.
Great. But what will happens to the money that still remains there?
You can get it back, with a refund check issued by the dmv or you can transfer it to another escrow account you have with the dmv.
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Got it. Some few days ago, I changed my residence, to a new house, so about this letter, which address should I use, the old or the new one?
You must send the dmv both address.
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O.k., great. And once my account get close, which will be the next step?
You'll need to be sure to let us know what do you want to do with the remaining balance, if there is any.
alright, good. But, what happens if I don't have a letterhead?
If that's the case, then you'll have to send your request on your monthly statement.
