Finance
A Nebraska lender's 'escrow impound account' for a residential mortgage holds funds for:
AEarnest money from future buyers
BProperty taxes and homeowner's insurance, paid on the borrower's behalf when due✓ Correct
CEmergency repairs to the mortgaged property
DThe lender's reserve for potential defaults
Explanation
Escrow impound accounts collect monthly amounts for property taxes and homeowner's insurance as part of the borrower's PITI payment, then pay those bills when due on the borrower's behalf.
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