{"data":{"id":"us/12-cfr-appendix-e-to-part-1024","jurisdiction":"us","citation":"12 CFR Appendix E to Part 1024","heading":"Appendix E to Part 1024—Arithmetic Steps","body":"I. Example Illustrating Aggregate Analysis\nAssumptions\nDisbursements:\n$360 for school taxes disbursed on September 20\n$1,200 for county property taxes:\n$500 disbursed on July 25\n$700 disbursed on December 10\nCushion: One-sixth of estimated annual disbursements\nSettlement: May 15\nFirst Payment: July 1\nStep 1—Initial Trial Balance\nAggregate\npmt disb bal\nJun 0 0 0\nJul 130 500 −370\nAug 130 0 −240\nSep 130 360 −470\nOct 130 0 −340\nNov 130 0 −210\nDec 130 700 −780\nJan 130 0 −650\nFeb 130 0 −520\nMar 130 0 −390\nApr 130 0 −260\nMay 130 0 −130\nJun 130 0 0\nStep 2—Adjusted Trial Balance\n[Increase monthly balances to eliminate negative balances]\nAggregate\npmt disb bal\nJun 0 0 780\nJul 130 500 410\nAug 130 0 540\nSep 130 360 310\nOct 130 0 440\nNov 130 0 570\nDec 130 700 0\nJan 130 0 130\nFeb 130 0 260\nMar 130 0 390\nApr 130 0 520\nMay 130 0 650\nJun 130 0 780\nStep 3—Trial Balance With Cushion\nAggregate\npmt disb bal\nJun 0 0 1040\nJul 130 500 670\nAug 130 0 800\nSep 130 360 570\nOct 130 0 700\nNov 130 0 830\nDec 130 700 260\nJan 130 0 390\nFeb 130 0 520\nMar 130 0 650\nApr 130 0 780\nMay 130 0 910\nJun 130 0 1040\nII. Example Illustrating Single-Item Analysis\nAssumptions\nDisbursements:\n$360 for school taxes disbursed on September 20\n$1,200 for county property taxes:\n$500 disbursed on July 25\n$700 disbursed on December 10\nCushion: One-sixth of estimated annual disbursements\nSettlement: May 15\nFirst Payment: July 1\nStep 1—Initial Trial Balance\nSingle-item\nTaxes School taxes\npmt disb bal pmt disb bal\nJune 0 0 0 0 0 0\nJuly 100 500 −400 30 0 30\nAugust 100 0 −300 30 0 60\nSeptember 100 0 −200 30 360 −270\nOctober 100 0 −100 30 0 −240\nNovember 100 0 0 30 0 −210\nDecember 100 700 −600 30 0 −180\nJanuary 100 0 −500 30 0 −150\nFebruary 100 0 −400 30 0 −120\nMarch 100 0 −300 30 0 −90\nApril 100 0 −200 30 0 −60\nMay 100 0 −100 30 0 −30\nJune 100 0 0 30 0 0\nStep 2—Adjusted Trial Balance\n[Increase monthly balances to eliminate negative balances]\nSingle-item\nTaxes School taxes\npmt disb bal pmt disb bal\nJun 0 0 600 0 0 270\nJul 100 500 200 30 0 300\nAug 100 0 300 30 0 330\nSep 100 0 400 30 360 0\nOct 100 0 500 30 0 30\nNov 100 0 600 30 0 60\nDec 100 700 0 30 0 90\nJan 100 0 100 30 0 120\nFeb 100 0 200 30 0 150\nMar 100 0 300 30 0 180\nApr 100 0 400 30 0 210\nMay 100 0 500 30 0 240\nJun 100 0 600 30 0 270\nStep 3—Trial Balance With Cushion\nSingle-item\nTaxes School taxes\npmt disb bal pmt disb bal\nJun 0 0 800 0 0 330\nJul 100 500 400 30 0 360\nAug 100 0 500 30 0 390\nSep 100 0 600 30 360 60\nOct 100 0 700 30 0 90\nNov 100 0 800 30 0 120\nDec 100 700 200 30 0 150\nJan 100 0 300 30 0 180\nFeb 100 0 400 30 0 210\nMar 100 0 500 30 0 240\nApr 100 0 600 30 0 270\nMay 100 0 700 30 0 300\nJun 100 0 800 30 0 330","path":["Title 12—Banks and Banking","CHAPTER X—CONSUMER FINANCIAL PROTECTION BUREAU","PART 1024—REAL ESTATE SETTLEMENT PROCEDURES ACT (REGULATION X)"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"56dd3de745419498dae8c08af64dbd058ecbfc161f50d7ea34823f3e584e7731","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-appendix-d-to-part-1024","next":"us/12-cfr-appendix-ms-to-part-1024"},"notice":"GroundRules: Original legal text. Not legal advice."}