Which of the Following Are Exempt From Escrow Licensing Requirements

On June 1 2013 the Bureaus Escrow Requirements under the Truth in Lending Act rule Escrows Rule will go into effect which require certain creditors to create escrow accounts for a minimum of 5 years for higher-priced mortgage loans HPMLs. Which of the following persons or institutions is not exempt from escrow agent licensing requirements.

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0 out of 1 points Which of the following persons or institutions is not exempt from escrow agent licensing requirements.

. Broker performing escrow services for his or her own transaction d. Broker performing escrow services for someone elses transaction a. Broker performing escrow services for his or her own transaction d.

Exemption from escrow requirement for small creditors in rural or underserved counties. The rule exempts HPMLs. Broker performing escrow services for his or her own transaction Answers.

Broker performing escrow services for someone elses transaction.

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Knowing Your California Escrow The Who What And When New Venture Escrow