Sawyer receives conflicting instructions about escrow-account analysis and shortage treatment. Which instruction should control?
Correct Answer
D) Apply RESPA escrow-account rules to the account
Escrow rules address taxes, insurance, cushion limits, statements, and HPML escrow duties. The best answer is "Apply RESPA escrow-account rules to the account".
Why This Is the Correct Answer
Escrow rules address taxes, insurance, cushion limits, statements, and HPML escrow duties. The best answer is "Apply RESPA escrow-account rules to the account".
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