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Under RESPA, a lender may require a borrower to maintain an escrow cushion of no more than how much of the estimated annual escrow disbursements?
a.One month
b.Two months (one-sixth of annual disbursements)
c.Three months
d.Six months
Giải thích
RESPA/Regulation X limits the escrow cushion to no more than one-sixth of the estimated annual disbursements, which equals about two months of escrow payments. One month is below the allowed maximum, and three or six months exceeds the RESPA limit. This prevents servicers from over-collecting escrow funds.
Trích dẫn luật: RESPA / Regulation XLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
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