When a lender requires tax and/or insurance amounts to be deposited with the lender by placing the monies in an escrow account, a "budget mortgage or deed of trust" occurs. these escrow accounts may also be referred to as what?

The correct answer to the following question is impound or reserve accounts.

Explanation:

Here the escrow account would also be know as impound or reserve account   , and in this account  a person would be required to put funds in this account ( given the person has made a minimum down payment) . Here the funds belong to the person but the lender would use this funds to make payments on property taxes, homeowner's or mortgage insurance.

explanation:

what

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