Common use of Adjustments to the Escrow Funds Clause in Contracts

Adjustments to the Escrow Funds. Under Applicable Law, there is a limit on the amount of Escrow Funds Lender may hold. If the amount of Escrow Funds held by Lender exceeds this limit, then there will be an excess amount and RESPA requires Lender to account to me in a special manner for the excess amount of Escrow Funds.

Appears in 3 contracts

Samples: Mortgage, Mortgage, Mortgage

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