Finance
A Wyoming lender who requires the borrower to establish an escrow account for taxes and insurance is providing what type of escrow?
AA title escrow account
BAn impound (reserve) account for property taxes and homeowner's insurance✓ Correct
CAn earnest money trust account
DA construction escrow
Explanation
An impound (or escrow/reserve) account is maintained by the lender as part of the monthly mortgage payment. The lender collects a portion of annual property taxes and insurance with each payment, then pays these bills when due.
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