Finance
A Nebraska borrower's mortgage payment includes principal, interest, taxes, and insurance (PITI). The taxes and insurance portions are held in:
AA savings account
BAn impound/escrow account✓ Correct
CThe borrower's checking account
DA trust account
Explanation
Taxes and insurance payments collected with the monthly mortgage payment are held in an impound (escrow) account managed by the lender or servicer. Funds are disbursed when tax bills and insurance premiums come due.
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