Each residential mortgagee, including any insurance company with articles of incorporation filed under section 26.1-01-03, intending to maintain an escrow account for the payment of taxes, assessments, insurance premiums, and other charges upon the mortgagor's residence shall furnish annually each mortgagor with a detailed statement showing all debits and credits to the account.
N.D.C.C. § 47-10.2-05