True/False
A provision in a mortgage that requires a borrower to pay to the lender 1/2th of the taxes and 1/12 of the insurance premium with each mortgage payment is known as an escrow provision.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q7: If borrowers have joint and several liability
Q8: A cross-default means that a default under
Q9: Most mortgages provide that a lender shall
Q10: If the personal property described in a
Q11: Mortgages are generally signed by the mortgagee.
Q13: A real estate loan in which the
Q14: A real estate loan in which the
Q15: A construction loan agreement by its terms
Q16: A legal document that creates a security
Q17: A legal document that creates a security