Escrow Accounts

question 81

Multiple Choice

Escrow accounts

• A)are required on all conventional financing.
• B)held by banks must earn interest.
• C)ensure that borrowers will make payments on housing-related expenses such as insurance and taxes.
• D)cannot be forced upon a borrower by a lender.

---

Definitions:

Child-Resistant Containers

Packaging designed to reduce the risk of children accessing harmful substances, but not so difficult that adults cannot open them.

Cleaning Solutions

Chemical mixtures used for the purpose of removing dirt, germs, and other contaminants from surfaces to ensure a clean and safe environment.

Organizational Factors

Elements within an organization that influence its function and culture, such as leadership, policies, and communication.

Safety Problems

Issues or conditions in an environment or system that increase the risk of harm or injury to individuals.