RESPA requires that borrowers have an escrow account with lenders.

RESPA requires that borrowers have an escrow account with lenders.


A. True
B. False- Escrow accounts are not required under certain circumstances. A borrower may not be required to have an escrow account if the debt ratio is in the borrower's favor.


Answer: B. False- Escrow accounts are not required under certain circumstances. A borrower may not be required to have an escrow account if the debt ratio is in the borrower's favor.

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