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Wednesday, 17 July 2019
Agent Resource Center
This Old House - Do-it-Yourself

Question - The printed matter in a deposit receipt will usually include some mention or reference to all of the following except:

Written by Posted On Wednesday, 26 June 2019 05:00

(A) Assessment liens
(B) Proration of taxes
(C) Discount points
(D) Title insurance

Answer:  (C) Assessment liens, tax prorations, and title insurance are items to be accounted for in almost every escrow and are nearly always included in the deposit receipt. Discount points are included in the financial arrangements with the lender and are not always included in the printed portion of the deposit receipt.

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