WASHINGTON — The burden on small banks from a new escrow rule for higher-priced mortgages should be relatively small, according to guidance released by the Consumer Financial Protection Bureau on Friday.

The agency released a guide designed to serve as a "plain-language" summary of its mortgage rules that were released in January. The 21-page summary mostly clarifies which lenders are exempt from a rule that requires creditors to hold an escrow account on higher-priced mortgages for at least five years rather than the current one year requirement.

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