Escrow Funds Records Clause Samples
The 'Escrow Funds Records' clause requires the maintenance and management of detailed records related to funds held in escrow. Typically, this involves keeping accurate accounts of all deposits, withdrawals, and disbursements, as well as documenting the dates, amounts, and parties involved in each transaction. By mandating thorough recordkeeping, this clause ensures transparency and accountability in the handling of escrowed funds, helping to prevent disputes and providing a clear audit trail for all parties.
Escrow Funds Records. The Servicer shall keep records of Escrow Funds collected from each Borrower.
Escrow Funds Records. 56 10.4.2. Escrow Obligations Records...................................56 Section 10.5 Escrow Waiver................................................56 10.5.1. Waiver Conditions............................................56 10.5.2. Waiver Rescission............................................56 ARTICLE 11 Collection and Servicing Practices