A mortgagee must furnish the mortgagor a written statement showing the amount of moneys received within how many days of the end of the calendar year?

The correct answer is thirty (30) days. Under federal regulations, specifically the Real Estate Settlement Procedures Act (RESPA), mortgagees are required to provide a written statement to the mortgagor that outlines the amounts received for the previous year. This requirement ensures transparency and allows borrowers to have a clear understanding of their mortgage payments and any fees associated with their loan.

The thirty-day timeframe is set to ensure that borrowers receive this information in a timely manner, enabling them to prepare for tax reporting or any potential inquiries regarding their mortgage payments. This regulatory measure promotes good practices in the industry and helps protect consumers by keeping them informed of their financial obligations.

The other timeframes provided do not align with the regulatory requirements established for mortgage reporting. A shorter period, such as fifteen days, would not provide sufficient time for mortgagees to compile the necessary information comprehensively. On the other end, longer periods like sixty or ninety days may delay the borrower’s ability to manage their financial affairs effectively, such as when filing taxes. Thus, thirty days strikes an appropriate balance between efficiency and thoroughness in the reporting process.