Non Interest-Bearing Trust Accounts

Question 0

Reason for removal 2

Answer 0

Refunds to the borrower

Question 1

Reason for removal 1

Answer 1

Payments authorized by the borrower, allowed by the mortgage lending agreement, or required by state or federal law

Question 2

Reason for removal 3

Answer 2

Transfer of funds to a trust account in another depository institution

Question 3

Reason for removal 4

Answer 3

Forwarding of funds when there is a new loan servicer for the mortgage loan

Question 4

Reason for removal 5

Answer 4

Removal for any other legal reason stated in the lending agreement

Question 5

Reason for removal 6

Answer 5

Compliance with the order of a court of regulatory agency