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An escrow account:Group of answer choicesIs a non-interest-bearing account into which a borrower prepays certain...

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Finance

An escrow account:Group of answer choicesIs a non-interest-bearing account into which a borrower prepays certain fees and taxesEnsures that a default insurance policy does not lapse if a borrower is in danger of defaultEnsures that sufficient funds are collected to make annual hazard insurance and property tax paymentsAll of the above

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