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| Teaching Since: | May 2017 |
| Last Sign in: | 353 Weeks Ago |
| Questions Answered: | 20103 |
| Tutorials Posted: | 20155 |
MBA, PHD
Phoniex
Jul-2007 - Jun-2012
Corportae Manager
ChevronTexaco Corporation
Feb-2009 - Nov-2016
Question description
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just made her monthly mortgage payment which included a share of her property taxes and her hazard insurance premium. What will the lender do with the tax and insurance portions of the payment?
a) send them to the county auditor and the insurance company within ten days
b) apply them to release part of the security property from the lien
c) Keep them in an impound account until payment is due
d) invest them for the benefit of the borrower
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