Finance
Oklahoma's mortgage escrow account for taxes and insurance is collected monthly with the mortgage payment and held by the:
AOklahoma Tax Commission
BThe lender or loan servicer to ensure taxes and insurance are paid when due✓ Correct
CThe title company indefinitely
DOREC's trust fund
Explanation
Mortgage escrow accounts are maintained by the lender or loan servicer. The borrower makes monthly contributions, and the servicer pays property taxes and insurance premiums directly from the escrow account when they come due, protecting the lender's collateral.
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