Legal Question in Real Estate Law in Georgia

No one here can answer you because you have the answer in your hands and have not shown it to us. The answer is in your promissory note and deed to secure debt (and related closing papers). If those require or authorize the lender to do an escrow, then yes, you must. If they are silent, the lender's request is improper and you tell them to get lost. But again, you were handed the answer at your own closing. None of us know.