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Under the Real Estate Settlement Procedures Act ( RESPA ) , a lender may require a borrower to deposit into an escrow account an amount
Under the Real Estate Settlement Procedures Act RESPA a lender may require a borrower to deposit into an escrow account an amount for taxes and insurance not to exceed the amount attributable to the period between closing and payment PLUS an additional:
a "one quarter" payment
b "one month" payment
c "two months" payment
d "six months" payment
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