Finance
In Montana, 'impounds' (or 'escrow accounts') required by lenders hold monthly reserves for:
AThe lender's profit margin
BProperty taxes and homeowner's insurance, disbursed by the lender when bills are due✓ Correct
CThe borrower's emergency fund
DDown payment on a future property
Explanation
Lender impound (escrow) accounts collect monthly contributions for property taxes and homeowner's insurance. The lender pays these bills when due, ensuring the property remains insured and taxes are current, protecting the lender's collateral.
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