Mortgage escrow account definition

Mortgage escrow account or “escrow account” means an
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Mortgage escrow account. As defined in Section hereof.
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Mortgage escrow account means an account created in
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Examples of Mortgage escrow account in a sentence

  • 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.

  • 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.


More Definitions of Mortgage escrow 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.
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Mortgage escrow account means “mortgage escrow account”
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Mortgage escrow account. As defined in Section 8(a) hereof. ----------------------- ------------
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Related to Mortgage escrow account

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

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • Escrow Accounts means any escrow account in which Escrowed Proceeds are deposited and held.

  • 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.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

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

  • Reserve Funds means, collectively, the Tax and Insurance Reserve Fund, the Replacement Reserve Fund, the Required Repair Fund, the Rollover Reserve Fund, the Ground Lease Reserve Fund, the Excess Cash Flow Reserve Fund and any other escrow fund established by the Loan Documents.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • 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.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Interest Reserve Account As defined in Section 3.4(d).

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • 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.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Escrow Payments With respect to any Mortgage Loan, the amounts constituting ground rents, taxes, assessments, water rates, sewer rents, municipal charges, mortgage insurance premiums, fire and hazard insurance premiums, condominium charges, and any other payments required to be escrowed by the Mortgagor with the mortgagee pursuant to the Mortgage or any other document.

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

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

  • 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 [*];

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,802,496.17.