An Escrow Account

question 9

Multiple Choice

An escrow account:

• A) Ensures that a default insurance policy does not lapse if a borrower is in danger of default
• B) Ensures that sufficient funds are collected to make annual hazard insurance and property tax payments
• C) Is a non-interest-bearing account into which a borrower prepays certain fees and taxes
• D) All of the above
• E) None of the above

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Definitions:

Customer Service Manager

A professional responsible for overseeing customer service teams, ensuring customer satisfaction, and managing complaints and queries.

Negative Information

Unfavorable or adverse details or data about something or someone.

Positive Emphasis

The technique of highlighting the positive aspects or potential benefits in communication to create a favorable impression.

You-Attitude

A communication strategy focusing on the needs, interests, and perspectives of the audience, typically aiming to be more persuasive or engaging.