Escrow Accounts Are Designed To

question 12

Multiple Choice

Escrow accounts are designed to:

• A) ensure that the property taxes and hazard fees are current
• B) ensure the borrower that no other party can claim ownership or title to the property
• C) provide for the payment of all closing costs
• D) ensure that the mortgage insurance and title insurance are paid.

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Definitions:

Family and Medical Leave Act

A U.S. federal law that provides employees with unpaid, job-protected leave for specified family and medical reasons.

FMLA leave

Refers to the Family and Medical Leave Act in the United States, allowing eligible employees to take unpaid, job-protected leave for specific family and medical reasons with continuation of group health insurance coverage.

Unpaid leave

Time off from work that an employee is allowed to take without pay, which can be for various reasons including medical leave, family emergencies, or personal time.

Religious discrimination

Unfair or unequal treatment of individuals or groups based on their religious beliefs or practices.