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Form HUD-11720 Master Agreement for Servicer's Escrow Custodial Account
What Is Form HUD-11720?
This is a legal form that was released by the U.S. Department of Housing and Urban Development on April 1, 2023 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form HUD-11720?
A: Form HUD-11720 is the Master Agreement for Servicer's Escrow Custodial Account.
Q: What is the purpose of Form HUD-11720?
A: The purpose of Form HUD-11720 is to establish an agreement between the servicer and the custodial bank for the handling of escrow funds.
Q: Who uses Form HUD-11720?
A: Form HUD-11720 is used by servicers and custodial banks who are involved in the management of escrow funds.
Q: What is an escrow custodial account?
A: An escrow custodial account is a bank account where funds, such as property taxes and insurance premiums, are held on behalf of borrowers by the servicer.
Q: What does the Master Agreement for Servicer's Escrow Custodial Account cover?
A: The Master Agreement covers the responsibilities and obligations of both the servicer and the custodial bank, including the depositing, withdrawal, and investment of escrow funds.
Form Details:
- Released on April 1, 2023;
- The latest available edition released by the U.S. Department of Housing and Urban Development;
- Easy to use and ready to print;
- Yours to fill out and keep for your records;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of Form HUD-11720 by clicking the link below or browse more documents and templates provided by the U.S. Department of Housing and Urban Development.
