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Exam term

Impound account interest

California Civil Code section 2954.8 requires covered lenders to pay at least 2% simple annual interest on advance tax and insurance funds held on one-to-four-family residential loans.

Lessons that use this term

  • General financing concepts: interest, amortization, points, and loan-to-value California

Exam prep

  • Insurance
  • Real Estate
  • SAFE MLO
  • SIE

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