Escrow instructions are a contract between buyer, seller and escrow agent.
Correct Answer:
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Q15: RESPA limits amounts that lenders can hold
Q16: The buyer and seller can agree as
Q17: The escrow agent bears the responsibility for
Q18: An escrow agent cannot be held liable
Q19: An escrow agent's authority is limited to
Q21: RESPA does not apply to residential refinancings.
Q22: RESPA prohibits accepting kickbacks for business referrals.
Q23: Penalties for receiving kickbacks under RESPA is
Q24: Both the buyer and the seller must
Q25: The buyer is not entitled to a
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