Mortgage escrow account definition

Mortgage escrow account or "escrow account" means an account
Mortgage escrow account or “escrow account” means an account which is part of a mortgage loan agreement, whether incorporated into the agreement or as part of a separately executed document, whereby: the mortgagor is obligated to make periodic payment to the mortgagee or his agent for taxes, insurance premiums, or other charges with respect to the real property which secures the mortgage loan; and the mortgagee or his agent is obligated to make payments for taxes, insurance premiums or other charges with respect to the real property which secures the mortgage loan.
Mortgage escrow account means an account created in

Examples of Mortgage escrow account in a sentence

  • Possible values: 0 = unwilling/unable to complete comparison 1 = did comparison & name/SSN matched 2 = did comparison & name did not match3591Trust Fund IndicatorPossible values: 0 = Not a trust account 1 = UTMA/UGMA account 2 = IOLTA account 3 = Mortgage escrow account 4 = Security deposits (incl.

  • Zeroes are required if position 361 = 03581Blank 3591Trust Fund IndicatorPossible values: 0 = Not a trust account 1 = UTMA/UGMA account 2 = IOLTA account 3 = Mortgage escrow account 4 = Security deposits (incl.

  • Zeroes are required if position 361 = 03581Blank3591Trust Fund IndicatorPossible values: 0 = Not a trust account 1 = UTMA/UGMA account 2 = IOLTA account 3 = Mortgage escrow account 4 = Security deposits (incl.

  • Possible values: 0  Not a trust account; closed account 1  UTMA/UGMA account 2  IOLTA account 3  Mortgage escrow account 4  Security deposits (including Real Estate) 5  Other trust or escrow 6  Information not available Account Status Indicator 360 1 N Possible values: Enter “0” if the account is open.

  • Zeroes are required if position 361 = 03581Blank 3591Trust Fund IndicatorPossible values: 0 = Not a trust account 1 = UTMA/UGMA account 2= IOLTA account 3 = Mortgage escrow account 4 = Security deposits (incl.

  • All Mortgage Loan payments on account of taxes or insurance collected by the Participating Lending Institution with respect to a Mortgage Loan prior to the purchase of such Mortgage Loan shall be held in trust by the Participating Lending Institution in the Mortgage escrow account and shall be applied on behalf of the Mortgagor, as required.


More Definitions of Mortgage escrow account

Mortgage escrow account means “mortgage escrow account”
Mortgage escrow account. As defined in Section 8(a) hereof.
Mortgage escrow account. As defined in Section 8(a) hereof. ----------------------- ------------
Mortgage escrow account. As defined in Section hereof.

Related to Mortgage escrow account

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Escrow Accounts means (1) accounts of Parent or any Subsidiary, solely to the extent any such accounts hold funds set aside by Parent or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by Parent or such Subsidiary for the benefit of third parties relating to: (a) federal income tax withholding and backup withholding tax, employment taxes, transportation excise taxes and security related charges, (b) any and all state and local income tax withholding, employment taxes and related charges and fees and similar taxes, charges and fees, including, but not limited to, state and local payroll withholding taxes, unemployment and supplemental unemployment taxes, disability taxes, xxxxxxx’x or workers’ compensation charges and related charges and fees, (c) state and local taxes imposed on overall gross receipts, sales and use taxes, fuel excise taxes and hotel occupancy taxes, (d) passenger facility fees and charges collected on behalf of and owed to various administrators, institutions, authorities, agencies and entities, (e) other similar federal, state or local taxes, charges and fees (including without limitation any amount required to be withheld or collected under applicable law) and (f) other funds held in trust for, or otherwise pledged to or segregated for the benefit of, an identified beneficiary; or (2) accounts, capitalized interest accounts, debt service reserve accounts, escrow accounts and other similar accounts of Parent or any Subsidiary or funds established in connection with the ARB Indebtedness.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Interest Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.23 of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Interest Reserve Account” and which shall be an Eligible Account.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];